foreclosure: Foreclosure is cheaper than a loan modification? - 10/22/09 09:27 AM
Let's face it, if a loan modification isn't making someone, somewhere some money, why would they do it? When it comes to money, nothing is done out of the goodness of anyone's hearts. A report that recently came out from the National Consumer Law Center reports they are finding it is … (2 comments)
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foreclosure: Realtors, Short Sales, Lawsuits - 04/23/09 03:42 PM
I have recently started noticing a lot being said about Realtors who claim they are short sale specialists, but their sellers are filing lawsuits against them. Realtors taking on short sales need to realize there is a certain amount of legal risks in handling these types of transactions. I have short … (0 comments)
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foreclosure: Are you current on your mortgage payments, but struggling every month? - 03/05/09 10:54 AM
Like everyone who purchased a home in the last five years, you owe more than your home is worth. One or both of you have lost your jobs and you are struggling to stay current on your mortgage payments. The Obama administration announced on March 4th, they will offer assistance to … (0 comments)
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foreclosure: Online Buyers: Get a Realtor Now! - 01/22/09 03:03 PM
Many buyers today start their search for the perfect home on the Internet. While it is a great way to start your search, you should contact a Realtor when you are serious about buying. As a buyer, you pay absolutely nothing to your Realtor for the loads of work they … (0 comments)
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foreclosure: Sellers Beware: Foreclosure Fraud on the Rise! - 12/18/08 08:25 AM
Where there is potential money to be made, there is a crook out there to take advantage of it. As the foreclosure rate in Florida rises, predators posing as individuals who care are coming out the woodwork. These predators entice homeowners with schemes of how they will rescue them from foreclosure, … (0 comments)
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foreclosure: Florida is Underwater! - 11/03/08 03:58 PM
The state of Florida is officially underwater in foreclosures!!! Okay, we have known that Florida is one of the top five states with the highest foreclosure rate for a while. It just keeps getting worse. Of Florida's over four million mortgages, roughly 26% of those mortgages are in foreclosure. This statistic … (0 comments)
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foreclosure: Homeowners Considering Default - 10/21/08 10:25 AM
Most homeowners who purchased their homes from 2000 to 2006 over-paid. I was a victim of over-paying for my home. I bought at the peak of the housing market boom in 2006 and now find that my home is now worth over $100,000 less than what I paid for it. I … (2 comments)
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foreclosure: HOA gets a man jailed for brown grass? - 10/16/08 10:03 AM
I cannot believe an HOA got a local judge in Florida to sign a court order to arrest a 66 year old man for not maintaing his grass. What was this judge thinking when they signed the court order? Cinch bugs and lack of watering time are more than likely the … (2 comments)
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foreclosure: Foreclosure Help for Florida - 09/30/08 02:43 PM
The U.S. Housing and Urban Development Secretary announced Friday that Florida will receive $541 million in new federal foreclosure funds to help prevent further home defaults and fight the effects of blighted areas with abandoned homes. The funds are not for those already facing foreclosure. The local government is required to … (0 comments)
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foreclosure: Investors Still on Hook for Taxes if they Short Sale! - 09/25/08 01:17 PM
Foreclosures in the Tampa real estate market continue to rise at an alarming rate. Financially troubled homeowners cannot sell their home for anywhere near what they paid for it and they simply cannot afford to make the mortgage payments. Once they are a good three or four months behind on their … (0 comments)
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foreclosure: Foreclosure Rates are Slowing in Florida - 07/18/08 05:45 PM
The good news is the rate of foreclosures in Florida seems to have slowed down a bit. The bad news is filings still rose 8% from May. June's foreclosure number topped out at 40,351, which is one in every 211 homes in Florida. According to Realty Trac, who publishes one of … (0 comments)
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foreclosure: Are you behind on your mortgage payments? - 07/13/08 03:48 PM
First thing you should do is call your lender. There are
options that your lender may provide to you that can save you from foreclosure.
A lender could agree to a forbearance, which would temporarily suspend or reduce
payments or they could agree to a mortgage modification. A mortgage
modification is … (0 comments)
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