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lender: Elkhart REALTOR(r) Evelyn Johnston Shares, Short Sale Homes-Everything You Need To Know-Part 1 - 08/14/09 04:03 PM
If you live in Elkhart County, Indiana you have probably heard of a Short Sale, starting today I am going to tell you everything you need to know-this is Part 1.
The news media, whether it be television or newspaper has been talking about Foreclosure, Pre-Foreclosure and Short Sales for several months, probably over a year by now, due to the higher than average unemployment rate.  You may even be facing foreclosure yourself, know someone who has or see signs of it in your neighborhood.
I am going to give you the information you need to know, whether you are looking … (2 comments)

lender: Elkhart, Indiana, Short Sale Hardship Must Be Proved - 10/19/08 08:34 PM
There are so many reasons that the bank will consider a hardship, loss of job, medical emergencies, accident or illness causing loss of work and an interest rate that has adjusted out of your ability to keep up your payments are only a few.  In Elkhart, Indiana Motorhome Companies are closing, jobs are tough to keep or find if you have gotten laid off.
When considering a Short Sale, the Lender looks at each case separately.  Every circumstance is different, but one this is consistant...you must prove your hardship requires thier help by either extending the past due amount to the … (0 comments)

lender: Elkhart County, Indiana Do You Know What Private Mortgage Insurance Is? - 04/08/08 05:28 PM
Private Mortgage Insurance (PMI) is insurance that protects the Lender in case a Home Buyer defaults on a loan?  Most Lenders require PMI whenever a Home Buyer is putting down less than 20% of the purchase price of a home and then pass the cost on to the borrower.
PMI does not, as some people believe, provide protection for a Home Buyer, such as paying off the mortgage balance in case of death, disability or unemployment.  PMI is required by Lenders in most cases where the Buyer's equity position is less than of the home's value, because the less equity a buyer … (0 comments)

 

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