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debt: Thinking of a Short Sale? Read about some of the benefits and challenges, then let Team Carlos take care of you! - 03/08/12 09:23 AM
Before the housing meltdown, the term "short sale" was hardly part of the residential real estate vernacular. But now that about 11 million homeowners owe more than their homes are worth, millions of whom are headed toward foreclosure, the sales method has emerged as an alternative to foreclosure. For homeowners teetering on the brink of losing their homes, short sales may be their ticket to a fresh start.A short sale is a real estate transaction in which a lender approves the sale of a home knowing that it will not pay off the borrower's loan -- hence, the sale comes up "short." For … (2 comments)

debt: Should you walk away from your home? Strategic Defaulting - 02/09/12 11:44 AM
So many Americans are facing the hardship of being unable to pay their mortgage. Would it ever be smart to simply stop paying it? Strategic Default is a tough decision. Here are some great tips I came across to keep in mind:
1. Look to it as a last resort, not a first option. Your financial troubles could be alleviated with a simple refinancing, especially since 30-year mortgage rates are near record lows of below 4 percent. If the banks are hesitant to rework your loan, look into the number of government programs designed to keep you in your home, which can … (0 comments)

debt: What Happens When You Walk Away From Your Home? - 01/31/12 12:20 PM
By Chris Taylor | Reuters 
It was just last summer that Charlotte Perkins made the hardest decision of her life as she and her husband Jim were caught in the vise of the housing bust.Wanting to downsize their lives as they headed toward retirement, they bought a new house inMesa, Arizona, before they sold the old one, also in Mesa. Their previous home had been appraised at nearly $400,000 at the height of the market, but as the housing crisis ravaged Arizona, they were told they'd be lucky to get $200,000 for it.They were carrying a loan of $260,000 on their original home alone, meaning they … (1 comments)

debt: Asset Protection Attorney Florida - 10/13/11 11:22 AM
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Mike Carlos Tallahassee FL Realtor

Tallahassee, FL

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Keller Williams Town & Country Realty

Address: 1520 Killearn Center Blvd, Tallahassee, FL, 32309

Office Phone: (850) 583-1919

Cell Phone: (850) 251-7397

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