Short Sales: An Unpredictable Science
August 26, 2010 by admin · Leave a Comment
See My Comments About The Market In Newsday – June 29, 2010
No matter what you hear or read on any website, please be aware that the road of remedy to avoid foreclosure, whether by short sales or by loan modification, is not predictable. Some short sales will be “easier” to settle than others. Conversely, some [...]
HAFA And How It’s Impacted the Short Sale Process
August 2, 2010 by admin · 3 Comments
See My Comments About The Market In Newsday – June 29, 2010
As a consumer of the real estate industry, whether you’re a buyer or a seller, you need to know how HAFA has impacted the short sale process. HAFA is the Home Affordable Foreclosure Alternatives Program. HAFA is a program designed for homeowners who cannot [...]
How Long Does It Take A Bank To Foreclose?
See My Comments About The Market In Newsday – June 29, 2010
So you want to know how long does it take a bank to foreclose on a home (perhaps your home). Well let me first say that if you’re in this position you should consult the services of an attorney.
For the purposes of this [...]
What’s the Advantage Of A Short Sale Over a Foreclosure?
July 2, 2010 by admin · Leave a Comment
See My Comments About The Market In Newsday – June 29, 2010
If you’re in a situation where you’re faced with foreclosure, you may be wondering what the advantage of a short sale over a foreclosure is exactly. Right Now, lenders and loan servicing companies are cooperating much more with borrowers to get short sales completed [...]
How Do I Do A Loan Modification?
June 20, 2010 by admin · Leave a Comment
So you want to answer the question, “how do i do a loan modification?” Well that’s a good question, but a better question might be, “Is it worth it to even try?”
What’s the deal with Loan Modifications?
In my previous article, Government Programs For Homeowners Behind On Mortgage, I talked about some of the basics of [...]
Area Foreclosures and Your Town
June 7, 2010 by admin · Leave a Comment
The Long Island area foreclosures are up and most people know this. However, what you don’t know is that your town could be one of the hardest hit in the nation! The Federal Reserve Bank of New York did a report recently analyzing the data by the zip code level.
What they found was that [...]
Government Programs For Homeowners Behind On Mortgage
May 29, 2010 by admin · 4 Comments
If you googled, “government programs for homeowners behind on mortgage” and found information about HAMP, and you subsequently attempted to modify your mortgage loan through HAMP (Homeowner Affordability Modification Program), you might be asking yourself, “Why did I do this?”
Right Now, there are plenty of people out there that are asking that [...]
Challenges To Getting A Short Sale Done
May 20, 2010 by admin · Leave a Comment
If you are struggling right now with paying your mortgage, you may be wondering what challenges exist when trying to get a short sale done in order to avoid foreclosure. Among many things, you of course may be in disbelief that this is happening to you and you may also be worried about things like [...]
What Goes Into A Short Sale Packet?
May 14, 2010 by admin · Leave a Comment
So you want to know what goes into a short sale packet? This is just as important to any buyer as it is to a seller looking to sell their home for less than what they owe on their mortgage. Unfortunately, there’s no absolute answer for this because each lending institution may require their own [...]
Short Sales And “Strategic Defaults” – Does It Make Sense For You?
May 5, 2010 by admin · 2 Comments
Let’s remember that short sales are real estate transactions that involve a homeowner selling their home for less than what is owed on their mortgage. Any time a property owner doesn’t pay their mortgage, they are defaulting on their mortgage obligations. “Strategic Defaults” are decided or chosen. Conversely, most defaults are not chosen but [...]
