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mortgage payments: Elkhart Real Estate Agent Evelyn Johnston Says, If You Are Behind In Your Mortgage... - 12/05/09 09:05 AM
If you are behind in your mortgage payment, there are new rules, says Elkhart Real Estate Agent and Certified Short Sale Specialist Evelyn Johnston with Prudential One Realty.  The US Treasury just released new guidelines that both you, the Borrower, and your Mortgage Lender must now complete and follow.
Exactly what this means to you is this:  Once the Mortgage Lender issues you approval to sell your home as a Short Sale, both you and they must meet minimum requirements, AND they cannot require you to repay any portion of the first mortrgage!
If you, or someone you know, are behind in your … (2 comments)

mortgage payments: Elkhart Indiana, 108 Homeowners In Jeopardy Of Foreclosure, Just This Week! - 03/07/09 09:24 AM
108 Homeowners have just received notice of foreclosure, this week.  It is a sad thing to see so many neighbors agoniziing over where they will lay their heads at night.  With the unemployment rate so high, jobs are at a premium.  One of my clients drives 50 miles one way, just to have a job.  We are trying to sell his home so he can move closer.
Something you should know if you are behind in your mortgage payment or expect to be soon, You Do Not Have To Move Out!  Your Mortgage Lender will be happy for you to stay … (0 comments)

mortgage payments: Elkhart Indiana REALTOR Evelyn Johnston Interviewed on Local WNDU News - 03/07/09 08:57 AM
And yes, I dropped everything when they called and rushed right out to one of my listings to meet them.  -Our local Channel 16-WNDU News is doing a series on Foreclosures and what a Short Sale would do to help these folks.  My local La Casa non profit help for the community, gave them my name.  I met LaCasa Goshen last year when they were looking for volunteers to help fix up 18 houses in one day.  Here is my previous story about that wonderful day. You see, I take my job of agency very serious.  I ALWAYS put the client … (0 comments)

mortgage payments: Elkhart Indiana, Do I Have To Be Behind in my Mortgage Payments to Qualify for the Homeowner Affordability and Stability Plan? - 02/21/09 03:23 PM
No, no, no, no, NO!  Elkhart Indiana Borrowers who are struggling to stay current on ther Mortgage Payments may be eligible if thier income is not sufficient to continue to make their Mortgage Payments and they are at risk of imminent default.  This may be due to several factors, such as a loss of income, a significant increase in expenses, or an interest rate that will reset to an unaffordable level.
Still have questions?  Call your local Elkhart Indiana Real Estate Expert Evelyn Johnston with Prudential One Realty at 574-304-7148.
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mortgage payments: Elkhart Indiana,What Help Is Available In Refinancing Your Home If The Value Isn't There In This Market? - 02/21/09 02:42 PM
Under the Homeowner Affordability and Stability Plan, Elkhart Indiana's eligible borrowers who stay current on their mortgage payments but have been unable to refinance to lower their interest rates because their homes currently have decreased in value, may now have the opportunity to refinance into a 30 or 15 year fixed rate loan.  Through the program, Fannie Mae and Freddie Mac will allow the refinancing of mortgage loans that they hold in their portfolios or that they placed in mortgage backed securities.
Does this sound confusing?  For a clear explaination call your local Elkhart County Real Estate Expert Evelyn Johnston. with … (0 comments)

mortgage payments: Elkhart, Indiana, Another Upside Down Short Sale Home Sold! - 10/15/08 06:34 PM
Home owners in Elkhart, Indiana, take heart!  We have successfully sold another home in which the sellers were not only behind on their mortgage payments, but also upside down...How did this happen? Well, the upside down part is because a couple of years ago, when selling and buying homes was easy, a couple bought a home and in todays market it just isn't worth as much as it was then!  Life got in the way, a plant closed and the seller no longer had his high income to pay the mortgage, a family member in another state had a life threatening … (0 comments)

mortgage payments: What does the Mortgage Forgiveness Debt Relief Act Mean to ME When I Sold My Elkhart County Home as a Short Sale? - 09/14/08 06:53 PM
If you have sold your Elkhart County, Indiana home in a Short Sale any time since December 20, 2007, this important Act could be helpful to you. The Mortgage Forgiveness Debt Relief Act of 2007 does not apply to all forgiven debt or forgiven debt in excess of one million dollars for a married filing seperately.
Are you behind in your Mortgage Payments now?  If so, call a REALTOR (r) who is experienced in Short Sales and is working full time.  Every day counts as these types of sales are very complex and take longer to process.  In Elkhart County, call your … (0 comments)

 

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