Definition of Hardship in a Lender’s Eyes
Tuesday, September 29th, 2009 Posted in Real Estate | No Comments »In general, in order for a lender to consider allowing a short sale for a home owner, there must be a hardship. Any one of these circumstances - or a combination of them -- might constitute a legitimate hardship in a ...
Need A Short Sale Specialist?
Thursday, September 24th, 2009 Posted in Real Estate | No Comments »In today's real estate market, there are many folks who have found themselves upside down on their mortgage; i.e., they owe more on their mortgage(s) than their home is worth. Add to that the high unemployment rate, and the result ...
8 Tips for Home Buyers to Survive in 2009
Sunday, August 2nd, 2009 Posted in Real Estate | No Comments »1. Start a down payment fund. You goal should be to save a 20 percent down payment if you can. Set up monthly savings goals. Work more if you have to as the reward will be lower house payments and higher ...
Four Strategies to Avoid Foreclosure
Friday, February 20th, 2009 Posted in Real Estate | No Comments »Even if you have to give up your home due to factors out of your control -- declining market, loss of employment, divorce -- there are five strategies to avoid foreclosure. The main reason for not letting your home be foreclosed ...
Beware! Short Sales Are Not Short!
Friday, December 5th, 2008 Posted in Real Estate | No Comments »The definition of a short sale is when the lender allows a property to be sold for less than what is owed to the lender. This can be a winning situation for a buyer looking for a "deal" and a winning ...
Short Sales – Preserving Home Ownership and Your Credit
Sunday, October 26th, 2008 Posted in Real Estate | No Comments »For those of you unable to make your house payments every month and considering a short sale or foreclosure, whatever you do, please consult a lawyer or your CPA first to determine whether you are a good candidate for ...
Short Sale List for Realtors(R)
Sunday, September 14th, 2008 Posted in Real Estate | No Comments »Paso Robles CA Short Sales If you are considering a short sale on your Paso Robles home, here are some of the items your Realtor needs to be discussing with you. Short sales can be complex and frustrating. Working with a ...
Understanding Short Sales in California
Tuesday, July 29th, 2008 Posted in Real Estate | Comments OffLenders in the past few years have made loans to borrowers that have become difficult to pay; either because of adjustable interest rates or life changes such as divorce, loss of a loved one or loss of a job. ...
Delinquent on Your House Payments?
Monday, July 21st, 2008 Posted in Real Estate | No Comments »If you are delinquent on your house payments or you are anticipating it in the near future, you should contact your lender immediately. Your lender may be willing to make accommodations for you if you find yourself in a ...