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foreclosure: Are Short Sales a salvation or a curse for the Seller? - 05/28/09 01:48 PM
Short Sales, Foreclosures, Deed in Lieu of Foreclosure, is there a difference when talking about credit? According to my credit expert from First American Credco, the answer is no. Please take a minute to look over my post about the effects each will have on your credit and ability to purchase a home in the future. Current home owners that are contemplating a short sale should get some legal advice first. I hope you will find information that is valuable when deciding the way to go in a bad situation. It is my opinion that Realtors can help their prospective clients … (3 comments)
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foreclosure: JP Morgan Halts Foreclosures for Three Weeks - Waiting for Modification Rules - 02/13/09 01:50 PM
Breaking news! "JPMorgan halts new mortgage foreclosures. Will not put new mortgages into foreclosure for 3 weeks. Believes 3 weeks adequate for Treasury to announce a new mortgage modification plan." Mortgage Market Guide. It looks to me like JPMorgage-Chase figures that there will be changes coming shortly in relation to working out mortgage modification problems. It has been a hit or miss situation on modifications in the past. There have been some companies that would would with the borrower if they needed a modification and others that preferred to let the foreclosure happen. Changes and guidelines from the government could help … (14 comments)
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foreclosure: Fannie Mae HomePath, Foreclosure Sales with NO Mortgage Insurance - 02/09/09 03:12 PM
For the past week, I have been writing a series about how to purchase foreclosures. I will be posting the first three of them shortly, but right now I have breaking news about the Fannie Mae on the HomePath program for the sale of Fannie Mae owned foreclosures. Not all properties are eligible but those that are could end up being a great deal for first time home buyers and for investors too. My post was done on my website so if you want all of the information, you will need to read it there. This is a great program to help … (6 comments)
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foreclosure: Buying a foreclosure, the right way and the wrong way - 02/02/09 03:24 PM
Have you thought about buying a foreclosure for you new home? Do you have clients that think they can make the deal of the century by purchasing a foreclosure? Have you been watching those 3 a.m. infomercials that tell you that you can be the next Donald Trump-type millionaire in just 34.6 days by buying foreclosures for only pennies on the dollar? Honestly, bank owned properties can be an excellent value but they are not necessarily going to be the extreme value that you might think they are going into the search. There are companies out there selling lists of foreclosures promising all … (4 comments)
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foreclosure: NEDCO - Assistance for the Home Owner and prospective Home Owner, or how to save your house! - 08/03/08 04:23 PM
NEDCO, Neighborhood Economic Development Corporation, in Eugene and Salem is a non-profit Community Development Corporation that helps neighborhoods and families. NEDCO is a HUD Approved Housing Counseling Agency and has help hundreds of people prepare for home ownership.
The Springfield Home Ownership Program and the Eugene Homeowner Assistance Program both require counseling and training prior to receiving one of their no interest loans. I have had my clients attend the course and come away much more prepared for the huge step of purchasing a home. The program they offer is called the "ABC's of Homebuying." It is a one day class designed to help understand … (8 comments)
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foreclosure: If you are in trouble, contact your lender -- If you can. - 06/30/08 03:33 PM
Having trouble making your mortgage payments on time? Trying to work out a deal with your lender but having difficulty finding out just who that is?
In a recent item for MSNBC, John Schoen, covered some of the pitfalls of finding out who owns your mortgage and what to do about it. Here is a link to that article:
http://www.msnbc.msn.com/id/25415510/
The more you know, the better choices you can make. If you are one of the people that got into a sub-prime (or even a prime) adjustable mortgage and were making your payments on time before the rate changed, FHA has … (0 comments)
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Fred Chamberlin - Oak Harbor/Whidbey's #1 Experienced FHA Mortgage Consultant
Oak Harbor,
WA
More about me…
Guild Mortgage Co - Oak Harbor WA
Address: 32785 State Route 20, Suite 5, oak Harbor, wa, 98277
Office Phone: (360) 675-6106
Cell Phone: (541) 221-3455
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