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foreclosure prevention: Short Sale Haiku - Play-By-Play Illinois Short Sale - 09/09/08 04:32 AM
Real Estate Short Sale
Up And Down And All Around
End Becomes The Means.
REAL ESTATE SHORT SALE
Real estate agents - we either hate them, love them - or don't understand them. Short Sales are a necessary evil in todays market - another way to generate leads and close sales. But unlike a traditional sale - we often find ourselves deeply involved in someone elses financial matters. It means gathering very detailed info about how much homeowners make, what they owe and to whom. It means working with people at one of the toughest points in their lives. No matter what you think - there is no "One … (1 comments)
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foreclosure prevention: Behind in your Mortgage Payments? FHASecure Might Help! - 05/21/08 12:38 AM
Did the rate on your mortgage adjust recently? Did you fall behind on your payments after the rate went up? Then you might be eligible for the FHA Secure program. FHA Secure is a program signed into law by President Bush in 2007. If you are on an adjustable rate mortage and your rate has adjusted - FHA Secure could help you get back on track!
To qualify for FHASecure, eligible homeowners must meet the following five criteria:
A history of on-time mortgage payments before the borrower's teaser rates expired and loans reset; Interest rates must have or will reset between June … (0 comments)
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foreclosure prevention: Loan Modification - Your Lender might help you create a better Loan! - 05/19/08 02:55 AM
>What is a Loan Modification?
In Loan Modification - your lender might forgive late fees, give you a better interest rate, switch you from an adjustable rate to a fixed rate, recapitalize missed payments & more! It's hard to believe any lender would be so cooperative - I know. But in light of the current mortgage & foreclosure crisis - lenders are looking for ways to work with borrowers. Essentially, Loan Modification is a way to wipe the slate clean of all missed payments, late fees, etc. and start fresh with the same lender.
>How does Loan Modification work?
As a Home Retention Consultant, I … (6 comments)
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foreclosure prevention: Loan Forebearance - Lender Phone Operators Are Clueless! - 05/18/08 12:04 AM
Yesterday I sat down with a pre-foreclosure client interested in keeping her home. The lender/Loan servicer was Ocwen Bank. As I sat and talked with her about options - we discussed a forebearance program. She thought this sounded like a good option so she pulled out her most recent mortage statement and called the lender. Of course - the back of their statement says something like - if you're behind in your payments call our collections department and talk to one of our payment counselors. Yeah, right. Nevermind the 20 minutes it took to get to the right person. 3 or for transfers later - … (1 comments)
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foreclosure prevention: Forebearance - A Payment Plan To Catch Up On Missed Mortgage Payments - 05/16/08 05:39 AM
>What is Forebearance?
If you're behind in your mortgage payments - you may be looking for an alternative to selling your home. I sit down with a lot of homeowners looking for any option other than selling. If you had a temporary hiccup in your income but now you're back on track - forebearance may be an option. Essentially, Forebearance is a payment plan that allows you to catch up on money you owe your lender. You must be able to make your normal mortgage payment in addition to the extra amount that you and your lender agree upon.
>How Does Forebearance … (1 comments)
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Bo Buchanan
Oswego,
IL
More about me…
Kettley Realtors
Address: 58 Chicago Rd., Oswego, IL, 60543
Office Phone: (630) 554-8700
Cell Phone: (630) 846-4663
Email Me
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