Stay in My House

December 1, 2011

Many homeowners that received help by getting approved for loan modifications by their lender, are now coming forward to talk about their results. They believed that they deserved assistance and with the help of a good loan modification company, have not only saved their homes but drastically lowered their monthly mortgage payment. This article will help you understand that getting the help you need to save money on your mortgage is now being offered.

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Why Do Short Sales Take So Long?

December 1, 2011

Buyers get excited about the listed price of short sales when they see them online, but that excitement fades over the months–as they wait to hear back from the bank on their offer. Most short sale offers end with buyer disappointment. RealtyTrac recently reported that “Pre-foreclosure short sales took an average of 245 days to sell…”. That’s 8 months. Compared to a normal 30 day close–8 months is a lifetime. What is worse than that is that buyers can very often wait 4-6 months before the bank even considers a short sale offer in the first place. So, it’s not the closing process that holds things up as much as it is the first engagement by the bank that takes the longest period of time. Buyers can wait for months and months with no definitive answer on an offer from the bank.

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What’s Behind The Foreclosure Crisis?

November 30, 2011

After the housing market took a nosedive many people were not only left struggling to make their house payments, but many more have faced the cruel reality of foreclosure. Many people have speculated about the causes governing the foreclosure crisis. While there may not be a general consensus we can point to a few areas that may be able to help us develop a plan to help fight off foreclosures in the future.

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Finding Good Foreclosure Deals First

November 30, 2011

So you have already been in the market for foreclosures for quite some time, but are having a hard time getting good deals. That can be a frustrating experience but these simple tips can help you get there ahead of the pack and net you the best deals around. You may be experiencing very close bid auctions or find that someone else is already bidding before you can.

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The Short Sale Process – Understanding How It Works

November 29, 2011

So you think you found a great deal because the price tag is much below the market price, think again! If the property you are considering to purchase is a short sale, otherwise known as a short payoff, there are many things you should consider before making an offer. It is important to understand that “all terms and conditions are subject to the lender’s approval.” This means that no matter how much your offer is for, it must first be reviewed by the bank for approval, even if it has been signed off by the Seller. Remember that the Seller is upside-down on the property and in most cases delinquent, therefore he is no longer the decision maker. A short sale requires many approvals and often takes between three to six months to complete.

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After Foreclosure Your Lender May Pursue You For Deficiency

November 29, 2011

Foreclosure may not be the last time you hear from you lender. If they are unable to sell your home for the debt which is owed to them they may sue you for deficiency.

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Bankruptcy Vs Foreclosure: Should You Save Your Home Using Bankruptcy?

November 28, 2011

Bankruptcy vs foreclosure are not easy options to choose between. Neither one is an ideal solution to the financial problems you are facing. So is there a situation where saving your home using bankruptcy is a good option to foreclosure?

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Bankruptcy Vs Foreclosure: Should You Save Your Home Using Bankruptcy?

November 28, 2011

Bankruptcy vs foreclosure are not easy options to choose between. Neither one is an ideal solution to the financial problems you are facing. So is there a situation where saving your home using bankruptcy is a good option to foreclosure?

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Stopping Foreclosure – A Bankruptcy Attorney Can Help

November 28, 2011

As the economy continues to swirl the top of the toilet bowl, many hot topics have become front and center, like filing bankruptcy and foreclosure. Ever sense the mortgage crisis began back in 2008, home prices continue to drop and sales are basically stagnant. By now, the people who purchased a home in the last 10 years are probably upside down and owe more than the house is worth.

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Starting Your Family With the Perfect Home

November 28, 2011

The time has come. You met your significant other, the early relationship years have been amazing, and you are both ready to take the next step and find your own place to live. Now, this is really no easy task. You need to find the right sized home and in an area that suits your needs. School districts and accessibility to stores can be a major factor when you start looking for a property. If you’re looking for a deal on a home during these unstable economic times then you need to check out a government foreclosure auction. The deals are fantastic and the experience is thrilling.

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