cdpe agent: What Service Should A Homeowner Expect From Their Short Sale Agent?
- 07/27/12 03:40 AM
Before you select an agent or 3rd party negotiator to assist you with your Houston TX or Spring TX short sale, you should ask "What Service Should A Homeowner Expect (Demand) From Their Short Sale Agent?" Many homeowners facing a distressed mortgage and the possibility of a foreclosure, do not always have the information necessary to make the best informed choices. This is often a very distressful time for you as a homeowner. You want to make sure you are informed and educated so you can make the best choices. Once you make the best choice for you and your … (0 comments)
cdpe agent: Top Ten Short Sale Questions Asked By Houston & Spring TX Sellers #2
- 06/12/12 04:20 AM
Top Ten Short Sale Questions Frequently Asked By Houston & Spring TX Homeowners Question # 2: Why Should I Do A Short Sale? Short Sales Can Be A Complex Experience for Houston and Spring TX Homeowners Conducting a short sale on a home with a distressed mortgage can be a complex experience for any homeowner. Knowing one's options in a short sale and understanding the process can make the experience more successful and much less stressful. To assist homeowners in understanding the process, we have prepared a series of 10 blogs. Each blog answers one of the top ten … (0 comments)
Obama’s FY2013 budget proposal includes an extension of the Mortgage Forgiveness Debt Relief Act of 2007. The reason this act is important in today’s housing market is that, without the act, debt reduced through mortgage modifications or short sales qualifies as income to the borrower and is taxable. If the legislation is not extended, then it would require homeowners to complete a short sale or modification prior to year’s end in order to avoid a tax consequence.Meaning, if the bank loses $200k, homeowners can expect a 1099 for $200k! Unless the homeowner is exempt, the taxes must be paid. Refer … (0 comments)
cdpe agent: CAN THE ROBO-SIGNING SETTLEMENT HELP ME STAY IN MY HOME OR STOP FORECLOSURE?
- 04/12/12 12:04 AM
The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. Chances are you have a lot of questions: What is robo-signing? Which banks are involved? How much money is the settlement worth? Who is eligible? For distressed homeowners, however, there is only one question that is important: Can this settlement help me stay in my home? This report will help to answer all of these questions and help homeowners who are in danger of foreclosure learn what options are available to them.WHAT IS ROBO-SIGNING?During the height of … (1 comments)
There may be alternatives you’ve never considered. Millions of homeowners today are having difficulty making mortgage payments, and bankruptcy may seem unavoidable. However, it is crucial to understand the consequences and alternatives to bankruptcy, which may include the short sale of your home. A short sale will get you out from underneath unaffordable mortgage payments and may provide you with breathing room to restructure your finances.“The Hidden Costs of Bankruptcy” is a FREE report that I’ve prepared foryou, available at: www.hosted.cdpe.com/trademarkFiling for bankruptcy can be complicated and devastating to your finances. As a CDPE-designated agent, I have … (0 comments)
cdpe agent: Another Look at Short Sales
- 04/01/12 12:45 AM
It’s time to take another look at short sales As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks. That’s all changed. And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined. With a glut of bank-owned properties dragging down the recovery of the real estate market, as well … (3 comments)
Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession? Weren’t we assured that home values were destined to go up and up and up? There have been lots of promises that help is on the way—and lots of warnings of scams and schemes that have only served to confuse the matter. So where’s a homeowner who’s underwater or overleveraged to turn? Here’s the bottom line: the choices that homeowners make when they feel … (0 comments)
cdpe agent: Honest Answers for Avoiding Foreclosure
- 02/11/12 04:07 AM
Honest Answers for Avoiding ForeclosureOne in seven mortgages in this country is in some phase of foreclosure. The sub-prime mortgage crisis that gave way to the economic meltdown of 2008, followed by the “Great Recession,” the “Jobless Recovery,” and now the threat of a “Double Dip” recession has left many homeowners – and former homeowners – wondering where to turn. Key Players Rethink and Restructure Keeping homeowners from foreclosing is now a national priority.Recognizing that far too many homes have ended up in foreclosure, the major players have sharpened their focus on programs to avoid foreclosure. The fact is, none of … (0 comments)
cdpe agent: Five Common Misconceptions Homeowners Have About Short Sales
- 02/09/12 05:40 AM
Unfortunately, many homeowners get misinformation or very incorrect and misleading information regarding short sales from their friends, on the web or even other agents. Here is the most common questions our clients have asked: Q: I hear short sales are a huge hassle and seldom work. A: I work on short sales with my clients every day. They felt like the paperwork and extra effort involved might not be worth it. But they found that once we had successful closings, it was worth the hassle and better than losing their homes to foreclosure.
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