Getting foreclosed on doesn't always just mean losing your home and having your credit rating riped apart. For some it can mean losing their security clearances and losing their jobs. Losing your security clearance can take several years to obtain a new one so that that person can work in that field again. Those that have security clearances typically have to report any financial issues or mortgage defualts to their security officer. A short sale does not always help since the short sale transaction can take some time to complete as … (0 comments)
foreclosure: Loan Modifications, Short Sale, OR How about a foreclosure that is in your best interest?
- 05/27/10 10:51 AM
Loan Modifications, Short Sales, and Foreclosures are everywhere in the news in the world today. A lot of homeowner's need to understand what will be in their best interest to do. Sometimes a loan modification will be the best for the homeowner and other times a short sale will work... Rarely would I ever suggest just letting the home go but I am actually helping a homeowner right now that it appears a foreclosure might be their best option.Loan Modification There are several types of loan modifications depending on what type of loan you have. If you have an adjustable rate … (0 comments)
foreclosure: Ten Reasons To Avoid Foreclosure
- 05/06/10 12:12 PM
1. Foreclosure Follows You – Homeowners will always have to disclose that they have had a foreclosure on any mortgage application (and many job applications) that they submit in the future. This can have an adverse affect on their future mortgage rates. This is a credit item that is asked about specifically in credit inquiries. There is no seven-year time limit on this item. 2. Credit Score Negative Impact – Credit scores will be lowered by 300-plus points (per loan). Along with bankruptcy, a foreclosure is one of the most devastating credit issues you can have in relation to future credit … (4 comments)
"According to Lender Processing Services (LPS), a leading source of mortgage performance data and analytics, there are 7.39 million non-current and REO loans in the market. They reported this number based upon data from the end of March." This is an increase from last year so we aren't out of the woods just yet. With the home buyer tax credit let's see how long these trouble loans will be sitting.
The Good Home Team, LLC is a top producing real estate team with Keller Williams Realty in Dallas, … (0 comments)
foreclosure: Is It a Good Time To Buy or Even Sell Your Home The Dallas area?
- 09/29/08 09:49 AM
Fall is here and you know that mean's that the holiday's will be approaching fast. I've been asked by a lot of people if now is a great time to buy or sell home, especially since we are getting into the slower selling months.
For people wanting to buy a home, now more than ever is a great time to purchase a home. Here are some reason's why it is a great time to buy: Home seller's understand what is going on in today's market, so they are more willing to work an offer once they get one. Seller's are … (0 comments)
foreclosure: Lifestyles Unlimited
- 12/05/07 02:27 PM
Has anyone heard or is anyone apart of the Lifestyles Unlimited group? It is a group for investors and they have a radio show that is actually pretty good and informative.
Just wanting to know the feedback on this group and if it is worth the $740 member fee? I know that there are some groups out there that will kick you out of the group if you have not done a deal in the first 6 months... I don't think this group does that but I don't know much else about them.
***UPDATE May 2019**** Are you still waiting on buying rental investment … (175 comments)
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Foreclosure May Take Away More Than Just Your House
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