Options to Foreclosure - 05/05/09 08:43 PM
Foreclosure is one resolution when a homeowner finds that they can no longer afford to make their monthly payments.  But there are other possible solutions.
1) Attempt a workout with the lender.  Call your lender and ask them if they can offer you a loan modification whereby your payments can be reduced or you can get a reduction in your interest rate.
2) List your property with a qualified agent to do a short sale on your property.  This is where the agent would represent you to negotiate between your lender that has the lien on your property and a potential … (0 comments)

Situations Causing Foreclosure or Short Sale - 05/03/09 01:02 AM
Probably the most common causes of a homeowner finding themselves in a distressed situation with their home are:
1) Interest rates adjusting to a much higher rate and homeowner unable to make the increased monthly  payment
2) Job loss, business failure or reduction in income
3) Illness or death of the wage earner or family member
4) Divorce or separation
5) Relocation
6) Military service
7) Credit card debt
Anyone of us can find ourselves in a situation where we may be faced with the prospect of losing our home, including me.  It only takes a month or two of one of these things happening and … (0 comments)

Foreclosure and Short Sale the Same? Not by a longshot! - 05/01/09 09:43 PM
Many homeowners and fellow real estate agents, are now becoming more knowledgeable about the differences between foreclosures and short sales.  This is a very good thing.  Basically the main difference is that a bank owned property is one in which the owner has gone through foreclosure and the home home they previously owned, is now owned by the bank.  The short sale property is still in the seller's name and still owned by them, but is on it's way to foreclosure and being bank owned.  The owners will work with a qualified real estate agent to negotiate with the lender(s) to accept less from … (0 comments)

CDPE (Certified Distressed Property Expert) - 05/01/09 09:12 PM
I am very excited about my new certification as a CDPE!  I now have the ability and the know how to help people that are facing foreclosure on their homes with an even greater sense of integrity and knowledge that I possessed before.  Combine that with my high sense of caring and wanting to help the many people faced with this predicament in which they find themselves,  and I am ready to go!  If you know of anyone that needs my help, please have them call me at 303-903-7195 or e-mail me at kthomes@mho.com.  I am ready to go!!
… (0 comments)