revolt: MAKING SENSE OF THE FORECLOSURE MARKET - 09/30/10 11:36 AM
MAKEING SENSE OF THE HUGE FORECLOSURE MARKET
 A home owner bought a home 5 years ago with a 30 year 8% fixed rate mortgage.
The couple's credit was not perfect so they went with a higher interest rate loan in hopes of straightening out their credit and then refinancing into a lower interest rate loan in a couple years, as has been a common practice for the past 25 years.
 The couple both had jobs and were earning $14 per hour average each, $28 per hour together and the wife's job provided full medical benefits.  Last summer the company the wife worked for moved … (0 comments)

revolt: Foreclosure - What is P.M.I. and why you should be Afraid!!! - 11/24/08 08:16 AM
P.M.I. (Private Mortgage Insurance).  If you owe more than 80% of the value of your home, chances are you are paying PMI insurance, included in your monthly mortgage payment. This, government backed, insurance protects your lender in case you default on your loan.  If you are having trouble making your mortgage payment, and contact your lender to work something out, if you are paying PMI, your lender has no motivation to work with you!  When you see foreclosures selling at 50% of their value, chances are the lender took advantage of the PMI insurance that borrower had been paying for them, and the lender … (2 comments)

 
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Steve Hula

All Star Real Estate - Team Hula

Clarksville, AR

More about me…

All Star Real Estate

Address: 106 S. Fulton St, Clarksville, Clarksville, AR, 72830

Office Phone: (479) 754-3110

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Our politicians may not be able to stop the mass exodus of jobs from the USA, but we can simply by purchasing only those items proudly displaying "Made in the USA"


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