In today’s installment Milly gives his feeps (foreclosure buying peeps) the skinny on what to look for and be aware of when buying foreclosed or distressed property. Remember……….keep your back to the wall, your eyes on the door and duck when they come in shooting! Stay aware and seek wise counsel! If you or your loved ones have any questions pertaining to life after bankruptcy or steps to take in regard to credit, mortgage financing, etc, please don’t hesitate to reach out anytime. Until next time, Yours Financially-Milly Jamey Milheiser (284184), Fairway Ind Mortgage Corp (2289) 920-722-5626 jameym@fairwaymc.com (0 comments)
Bankruptcy is an uncomfortable subject for a variety of reasons. The most obvious is the potential havoc it can wreak on your finances. Running a close second is the negative stigma which is often attached to the process. This negativity is important to mention because strong emotions can sometimes lead to unsound financial decisions with devastating results. Bankruptcy becomes a viable option for someone who is “upside down” in terms of cash flow. In other words, when a person has more money going out each month than coming in, bankruptcy should be considered if no reversal of this (1 comments)
Video: http://www.youtube.com/watch?v=wJZsZEzNGG0 My team and I feel the stress and concern from our fist time home buyer clients about what occurred with this foreclosure mess and they want to take some comfort in the fact that they won’t lose their home like so many others have. For someone outside of our industry to fully contemplate what occurred as a main causal effect of the foreclosure crisis, we need to look back to the times of 2003 to 2008 and first analyze the differences in our lending climate. In this post, we need to break down three main points of the (0 comments)