Old Mortgages Are Coming Back To Haunt Homeowners
More homeowners are experiencing situations where mortgages they thought were over, continue to haunt them due to mistakes. Many foreclosure cases are not the homeowners default, but rather the record keeping of the mortgage company. Troubles started during the housing boom, wherein record keeping became carless due to the high volume of sales. Mortgage companies [...]
Questions About The Foreclosure Crisis, PT. 2
After writing part one of this two part post, The Federal Reserve came out with additional guidelines for banks to help those homeowners that are underwater in their loans or undergoing a foreclosure. I wanted to see what the response from banks would be as well as if the Fed would let us in on [...]
Questions about the Foreclosure Crisis – Pt. 1
After posting the last time in early November I have been asked at least a dozen times about loan modification and foreclosures. In an attempt to answer those who contact me better, I made a few calls and did some research of my own and the next few posts are going to reveal some very [...]
Need an Out Of The Box Solution to a Foreclosure Or Loan Modification?
As someone who successfully did a home loan modification several years ago, I know how difficult it can be. However, after listening to a webinar in regard to home loan modifications and foreclosure options earlier this week, I’m not so sure I would do the modification today. With all the options and amount of information [...]
Housing in Nashville, TN
One of the things that have been abundantly clear in the last couple of years is that housing in many parts of the United States has been depressed. However, there are certain areas that have done better than others and Nashville, TN has been one of those fortunate areas. With that said, there are a [...]
Foreclosure
Foreclosure is a serious situation that is all too common in today’s economy. Unfortunately, more and more families are learning the hardship of foreclosure, and are left to make the tough decision to move out of their homes because they cannot afford to pay their mortgage. If you are in danger of foreclosing on your [...]
Short Sale Basics
When you’re in risk of foreclosing on your home, it is a scary time for both you and your family. Short sales are often used in these types of situations, when the borrower is unable to pay the money they owe on their home mortgage. During a short sale, the bank or mortgage company may [...]
HUD for First Time Home Buyers
For years, the U.S. Department of Housing and Urban Development has been providing resources to help people find and stay in homes they can afford. From grants and programs, to simply providing information, HUD has a wealth of helpful resources that can prove especially helpful for first time home buyers. HUD offers help and advice [...]
Can You Modify a THDA Loan?
This week I got a call for a very nice lady who had gone though all the steps to modify her loan but because it was a THDA loan the bank was unable to help her. Though she was justifiably upset, there are some things you need to understand about a THDA loan that can [...]
What Do You Do When Home Modification Doesn’t Work?
When a home modification doesn’t work many people think that the next step is foreclosure but that is not the way to go is you can avoid it. There are more and more Realtors who are specializing in distressed properties and short sales these days than ever before. However, you need to be very careful [...]
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