loan modification: Role of the BPO Real Estate Agent - 07/29/09 11:56 AM
Role of the BPO Real Estate Agent I was going to call this article "Don't Shoot the Shooter", (picture shooter that is) since people seem to get defensive when I'm on their street taking pictures of houses for comparables and BPO reports. It seems as if they have the right to tell me not to take pictures of their house or even the neighborhood. Why not, I'm on public property, right? Maybe I will start writing a series of short articles of my BPO and REO property inspection encounters. People for the most part are cooperative and understanding, however once in (2 comments)
It's not just a catch phrase, it's serious thinking. If you're attempting a loan modification to keep your home, your bank and lender LOVE you since they're trying to find a way to keep you in debt (they will not be lowering your loan balance). Sure, they may lower your monthly payments for 6-months or even 5-years but rarely do we see a long term modification that both impacts principal balance and the term(they happen, just not often at all). Your debt is still much higher than what your home may (0 comments)
loan modification: Imperial Valley Real Estate Short Sale Avoid Foreclosure - 01/27/09 09:25 PM
Imperial Valley Real Estate - Imperial Valley Short Sale - Avoid Foreclosure The purpose of this article is for you to share with others you know who are asking the same questions. Please pass it around and make sure everyone you know who has a home or a mortgage knows about it. If you want to sell your home and you're located in the Imperial Valley, please let me know ~ the possibility of a "short sale" is a very important way to avoid damage to your credit history over the long term. I can help you by putting together a package your lender will need in (0 comments)
loan modification: Imperial County Loan Modification Success Tip - 01/15/09 09:23 PM
Frederic's Loan Modification Success TipGetting your loan modification proposal accepted. Click HERE to start SAVING money Now on your current mortgage. No Appraisal or Credit Report Required! Let's be very clear about things, make sure you represent the facts surrounding your debts and obligations correctly. You want to be honest with your lender at all times. In this loan modification success tip we'll talk about which monthly payments count as part of your loan modification debt-to-income ratio. This is a figure your lender will use to calculate your ability to "qualify" for the loan modification and repay the existing mortgage. Credit (0 comments)
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