Have You Found Your Dream Home? is it in Foreclosure?
Buying a home in foreclosure is tricky. There are a lot of good deals out there. Timing is everything, buying a property in the pre-foreclosure stage can be a very good deal. Pre-foreclosure is the period of time the current owner has to either bring their current mortgage up to date or the bank or [...]
Have You Found Your Dream Home? is it in Foreclosure?
Buying a home in foreclosure is tricky. There are a lot of good deals out there. Timing is everything, buying a property in the pre-foreclosure stage can be a very good deal. Pre-foreclosure is the period of time the current owner has to either bring their current mortgage up to date or the bank or [...]
Foreclosure Bailout Loans
Foreclosure Bailout Loans
Many homeowners are facing foreclosure in todayâs market because of the current economic climate, rising interest rates and ARM mortgages, and other unfortunate circumstances. With job loss and unemployment at an all time high it is no wonder many people are scrambling to stay in their homes. If you are facing foreclosure there [...]
Owe More Than Your Home is Worth – Now What?
If you own a home in a declining market such as South Florida, then you may have a rude awakening when you find out how much your house is worth in todayâs market, especially if you need to sell or refinance in the near future. Some home owners have the flexibility to wait out this [...]
Your Foreclosure and Your Credit - What Are the Effects and How Long do They Last?
AS SOON AS I HEAR THE WORD FORECLOSURE, THE FIRST WORD THAT POPS INTO MY HEAD IS - CREDIT. I think of what it does to a credit score and how it’s probably the worst item that could show up on a credit report. I also wonder what the homeowner really understands about his / [...]
California Real Estate Scams Seen by Lawyers, Loan Modification Rip Offs Found by Attorneys and Foreclosure Consultant Frauds Uncovered by Ca Lawyers
Today, it is estimated that one in ten homeowners is either in foreclosure or behind in their payments. As the economic crisis becomes more severe and the recession feeds upon itself, people have become more and more desperate to find some way to hold onto their houses. With such conditions, the average member of the [...]
My Story With a Lease Buyback Company - Beware Those of You in Foreclosure!
IF YOUR IN FORECLOSURE, THIS IS A MUST READ: I’ve been in the mortgage industry now for almost 14 years and what I’m about to tell you is 100% true. The story is about the inner workings of a “foreclosure rescue” scam artist and how he (and his team) managed to steal more than $8 [...]
Use Bankruptcy to Stop Mortgage Foreclosure
It is sad but true that bankruptcy is a sure-fire way to stop mortgage foreclosure on your home. That being said, you do need to know what you are doing and you do need competent legal help to make it happen. Not everyone qualifies for bankruptcy and you have to file the right kind of [...]
Create a Comfortable Future for Your Family in a Bank-owned Home Purchase
The foreclosure routine differs from state to state because of varying laws, but there are multiple unifying aspects. In basic terms, a foreclosure happens when a mortgage firm seizes a property from its owner because they are no longer making payments toward the loan. There are multiple steps to this process. The first step is [...]
Home Financing in a Foreclosure-heavy Market
In today’s housing market, foreclosures are at a high that hasn’t been seen since 1979. Seven percent, or roughly one of every 11 homes, is currently in foreclosure. According to the Mortgage Bankers’ Association, 6.35 percent of homes are in delinquency but not yet in foreclosure.
The housing crisis is happening everywhere — from Indiana [...]
