short sales: My Options Have Expanded on How I Assisted My FHA Home Seekers - 11/17/10 03:58 PM
While in the process of putting together my 2011 business plan, I have reflected on what has worked and what hasn't worked for me in 2010. The one thing that was most frustrating has been the number of rejections on bank owned properties (REOs) and the number of accepted offers on Short Sale properties from the homeowner, but not from the lender. As I reflect and ponder on these Real Estate transaction foes, I have reconsidered to do something different for my buyers and that is to become more educated in Rehabilitation Loans. The buyer's I assisted in 2010 have been 90% … (2 comments)
short sales: Homeowners...Walking Away from you home should never be an option - 04/03/10 12:13 PM
Walking away from your home should NEVER be an option. Owning a home comes with many decisions that have to be made and homeowners must remember their obligations. Walking away from your home will do more harm than good, by walking away from you home you have decided to: Ruin your credit: Foreclosure remains on credit reports for 10 years or more and remains as a public record permanently. Typically, a foreclosure will affect your credit score for several years and lower your score significantly. Subject yourself to a deficiency judgement: the bank has the right to pursue a deficiency judgement. … (5 comments)
short sales: Short Sales are on the rise in Modesto, CA - 03/21/10 02:50 PM
Short Sales (February 2010): For Sale: 188 New Listings: 117 Sold: 39 Pending: 134 Average Active Price: $153,000 Average Sold Price: $145,000 Average Days on the Market: 105 Median Price: $135,000 … (0 comments)
short sales: Making Home Affordable Program (MHA) - 12/11/09 01:27 AM
In March 2009, President Obama Administration introduced the Home Affordable Modification Program (HAMP). HAMP was designed to assist 3 to 4 million homeowners that are facing foreclosure. This program was to allow home owners to have their mortgage interest reduced considerably for a five year time period. Under HAMP, the homeowner would have to meet the following eligibility requirements: Homeowner MUST be in financial hardship Homeowner MUST have the ability to modified mortgage payment. Homeowner MUST be delinquent on their mortgage or faces imminent risk of default. Property is occupied as borrower's primary residence. Mortgage was originated on or before … (2 comments)
short sales: Path To Homeownership: Closing (Buyer) - 02/07/08 01:48 AM
Although, purchasing a home can be a tedious process, the right Real Estate Agent can make it a relatively smooth one. Researching information on the homeownership process will also benefit you. Throughout this blog series...I have tried to walk the homebuyer through the process from selecting your Real Estate Agent to House Hunting to understanding negotiating your offer and now closing the escrow transaction. Escrow closing signifies legal transfer of title from the seller to the buyer. Once all the conditions of the escrow have been satisfied your Escrow Officer will inform you or your Real Estate Agent of the date escrow will close … (0 comments)
short sales: The Path To Homeownership: Learn About Homebuying Programs - 12/25/07 01:08 AM
Whether you are looking to purchase a house or not...you have either heard about or read about the current Real Estate market. You've heard about the mounds of homeowners in foreclosure, you've heard about Short Sales and Bank owned properties. Well, as a homebuyer what does that mean to you? Interest rates and home prices are low and now is a great time to be in your shoes. It is time to invest in you and your family! In my previous blog, The Path To Homeownership: Determine Your Wants and Needs, I suggested Homeowners write down what they are looking … (2 comments)
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Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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