james island news: James Island Weekly Real Estate News: Considering a Home Loan Modification? - 07/28/09 03:27 PM
James Island Weekly Real Estate News: Considering a Home Loan Modification?
Homeowners worried about missing mortgage payments and entering foreclosure may have another option: a loan modification.
Despite some signs of stability in the housing market, foreclosures remain a major obstacle to a meaningful recovery. This holds true statistically for James Island Real Estate owners. Some people are now going for a loan modification - a permanent change in a mortgage that results in more affordable payments for the borrower.
Lenders have been overwhelmed by calls from people seeking to modify their home loan. In the face of these delays, it's … (0 comments)
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james island news: James Island Real Estate Local News: In the Market - 04/03/09 09:41 AM
James Island Real Estate Local News: In the Market
The shaky economy has scared many homebuyers into hiding, but don't be fooled. Many potential James Island real estate buyers have found some terrific deals. Over 1,000 homes have sold in the Charleston area so far this year, many of those on James Island.
Given the difficult job market and some folks paralyzed with the thought of lost income. Buyers have been slow to move on potential great buys. Stricter lending standards and fear that a purchase today could lose value almost overnight, have added fear factors to the already fading sales … (0 comments)
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