foreclosure: Psst, Hey Obama I can fix this mess. - 02/26/09 05:23 PM
I have an idea.
What if.....the lovely homeowner who has defaulted on their loan is contacted by the bank just prior to foreclosure and offers them a sweetheart deal. It would go something like this:
"Hello Mr. & Mrs. Homeowner, next week we are scheduled to go to auction on your … (16 comments)
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foreclosure: Let's Join The Union! - 02/26/09 02:32 PM
It's funny how ones past experiences seem to rear their head in other aspects of your life. While a member of a labor group I have learned what good it does as well as the bad. I like that everyone was for the most part equal and no one member got … (83 comments)
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foreclosure: Cornering the Market - 11/27/08 02:08 PM
This is a great country we live in. It is abound with opportunities and hope for those who are willing to work hard and stay persistent. What makes me sick though is the continuing separation of the classes. It seems the same poeple keep getting knocked down no matter how hard … (11 comments)
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foreclosure: TO RENT OR NOT TO RENT...THAT IS THE QUESTION - 09/07/08 03:26 AM
This question is asked more and more on a daily basis. It is advisable that before you rent, you should ask the landlord how long he or she has had the mortgage, and whether they have borrowed against it. If it is an old mortgage and the owner has not borrowed … (2 comments)
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foreclosure: To Pay or Not to Pay - 07/08/08 07:57 AM
I have been coming across more and more homeowners who are in a quandary. They are not behind in their mortgage nor in any stage of foreclosure, yet they want to sell their home which has dropped in value and would end up being a short sale. Although more and more … (10 comments)
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foreclosure: One Stop Shop - 06/01/08 08:48 PM
The National Association of Realtors concluded a survey in which people looking for real estate services were asked if they had a choice, would they prefer to have all their services under one roof. Amazingly the response was in favor of having all their services handled at the same location by … (0 comments)
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foreclosure: What are your options? - 05/25/08 07:27 AM
Usually when clients call me regarding my services, they have missed a few payments and they are in various states of the foreclosure process. I will try to explain what can be done to avoid foreclosure.
They are only a few options and here is a quick list:
1. Reinstatement-This where the homeowner … (0 comments)
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foreclosure: Noel Padilla, CDPE - 05/19/08 07:29 AM
Back in March of 2007 I felt compelled to enter the foreclosure market because I quickly realized it would be the only market in my area and most of the country. I hate to say it but my predictions are coming to frutation and I am afraid this is only the beginning.I … (0 comments)
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foreclosure: What is a Certified Distressed Property Expert (CDPE)? - 05/19/08 07:28 AM
Before we can define what a Certified Distressed Property Expert is, we need to define what a distressed property is. A property can become distressed for a variety of reasons but the most common is a foreclosure. Any situation that has caused a property owner to have difficulty making mortgage payments … (4 comments)
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foreclosure: What is a Short Sale? - 05/19/08 07:26 AM
The recent rave in the real estate community seems to be the infamous 'Short Sale'. I want to take a little time and briefly explain what a short sale is how it is being used in the real estate community to liquidate distressed properties.A short sale is a phrase used to described … (0 comments)
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foreclosure: Foreclosure ABC's - 05/19/08 07:25 AM
Foreclosure is the means that a bank has a legal right to take possession of a property if the mortgagor (owner) has failed to live up to the commitments as outlined in the mortgage agreement. Usually a missed payment will trigger this process.
Foreclosure in itself is pretty straight forward. … (0 comments)
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foreclosure: Deficiency Judgment - 05/19/08 07:23 AM
The amount of money owed to a bank after a short sale can attempt to be recovered through a suit known as a deficiency judgment. Equally important to note, if the bank sells the property for less than what was owed or the foreclosure auction nets them less than what was … (0 comments)
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