Do you have a tight budget and still you want to buy a home? If yes, then you can look for the foreclosed homes for sale since they will cost you less in comparison to an entirely new home. A foreclosure takes place when the owner of the property is not able to make the mortgage loan payments on time and as such, has to lose his valuable property. The property gets lot either by the bank from … [Read more...]
CASH BACK Short Sale Program!
07/21/2012 by
If you or someone you know are at risk of losing your/their home due to financial hardship, we can help! Our team offers huge advantages for our clients! Timing is everything - right now the real estate market is experiencing its biggest reset in nearly 80 years. You only have one opportunity and if you get it right, you can erase your negative equity forever, create instant equity of 40% or … [Read more...]
Can I Do A Short Sale with Mortgage Insurance On My Loan?
08/12/2011 by
Yes, you can do a short sale with mortgage insurance on your loan. Mortgage insurance is insuring the lender against the losses that may happen when a short sale is needed to prevent a foreclosure. Short sale can be said as one of the options to avoid foreclosure. When a borrower has defaulted on the mortgage payments, he can contact his lender and apply for a short sale. But short sale hurts your … [Read more...]
Why Are Some Short Sales Successful While Others Fail?
06/24/2011 by
Short Sales can be frustrating. Ask anyone who has negotiated a short sale with a lender and they will tell you the process is tough. Here is a story that illustrates this point. You are negotiating a short sale with a lender. You call in and talk to a someone in a call center overseas. They are very helpful and give you the fax number for the short sale paperwork. You fax the short sale … [Read more...]
I Can’t Afford My Home – What Should I Do?
06/23/2011 by
Short Sales - Utah I recently received a question from Steve. Here is Steve's question. "I divorced six years ago. We had had our home on the market for some time, but it wasn't selling and my ex needed money to buy another home. Since it wasn't selling, we refinanced and split the equity. She used the money to buy another house and I stayed here. I put the home back on the market a little … [Read more...]
Homeowner Takes on Lender and Wins!
06/23/2011 by
Park City, UT – According to the Philadelphia Inquirer [1], Patrick Rodgers of West Philadelphia was able to "file a foreclosure action against Wells Fargo. I bet there are a lot of homeowners facing foreclosure that would love to do the same thing. You work so hard to negotiate a reasonable loan modification in order to keep your home. But, no one at the lender seems to care. It seems the big … [Read more...]
