Real estate blog entries tagged with foreclosure by Cornerstone Home Loans

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Home : Blogs : Evan Vanderwey, The Cashflow Coach : Cash Flow Coach : Tag "foreclosure"

foreclosure: Foreclosure: What To Do If You are Facing It - 02/05/08 10:20 AM

There is a lot of misinformation and frustration in the foreclosure process. I hope the following information and links will help you better understand what is happening to you and how you can better communicate to your lender.
"Foreclosure is a legal process by which a bank, mortgage company or other creditor takes a homeowner's property in order to satisfy a debt. The foreclosure is the result of non-payment of the mortgage (including second mortgages and home equity loans); however, people also lose their homes due to unpaid property taxes. As a result of the foreclosure (at the end of the redemption period), … (4 comments)

foreclosure: Uncertain Times Require Creative Measures - 11/06/07 02:26 PM

Michigan has been in the news a lot recently when it comes to depreciating real estate, record foreclosures, unemployment, declining new home starts, etc., etc. You can choose to listen to all of the pessimism and sink back into your scarcity mode or you can choose to look for solutions and have an attitude of abundance.
I spoke to our local home builders association (www.glhba.org) last night and talked about creative solutions that builders can employ to move homes without dropping the sales price and still make a profit. These strategies are not new, i.e. Trades, Lease Options, Land Contracts, etc, but putting … (6 comments)

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Evan Vanderwey, The Cashflow Coach

Okemos, MI

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