Blog entries tagged with "late payments":


late payments: Need HELP with your LOAN? Trying to Avoid Foreclosure? PAYMENTS TOO HIGH? Professional, Trained Assistance Available! - 07/23/08 08:47 AM
Payments too HIGH? You have choices. Need HELP with your LOAN? You have options. Trying to Avoid Foreclosure? There are solutions. We can HELP...
Are you running behind on your mortgage payments? Is your ARM adjusting and you cannot afford your new monthly payment? Are you currently suffering a hardship that keeps you … (0 comments)

late payments: CREDIT CARDS, ARE THEY DISTROYING THE FOUNDATION OF OUR FUTURE???? - 07/22/08 10:51 AM
Most of us all have credit cards, and in some cases need these to survive during the tough times in real estate.  You will not believe what happened to me...
I use one credit card for work purposes, but have two others that I retain in case of emergencies.  I only … (4 comments)

late payments: We can do for you what other Loss Mitigation companies don't! - 07/17/08 08:41 PM
At Keep Your Property, Inc, we realize that the situation you are in is very stressful and emotional for you. We take our time to discuss your situation with you and provide you with one on one help. Please do not procrastinate, it is the worst thing you can do right … (0 comments)

late payments: Credit Repair - 07/10/08 12:10 PM
As times get harder for more and more people in this "wonderful" economy we have. I have come across those that are still trying to buy homes with horrible credit. They come in talking about FHA, and a friend told them this....they don't seem to understand that CREDIT is their lifeline … (0 comments)

late payments: 5 Big Credit Mistakes - 07/09/08 01:51 PM
I thought that this was a fantastic article!!
 

It's surprising how many consumers make the same credit scoring mistakes over and over again. In an effort to educate consumers on credit and credit scoring, we've compiled 5 common credit scoring mistakes into a list that defines each mistake and … (5 comments)

late payments: Beaverton Oregon Real Estate: Credit Repair Secrets - 07/01/08 12:41 AM
One of the things I run in to a lot when it comes to fixing peoples credit is that they get paid only once a month. That may be on the 5th of the month, yet their credit card bills come on the 20th and are due on the 3rd of … (1 comments)

late payments: If you are in trouble, contact your lender -- If you can. - 06/30/08 03:33 PM
Having trouble making your mortgage payments on time? Trying to work out a deal with your lender but having difficulty finding out just who that is?
In a recent item for MSNBC, John Schoen, covered some of the pitfalls of finding out who owns your mortgage and what to do about … (0 comments)

late payments: How Much Should The Late Fee Be on Your Rental Agreement? - 05/22/08 12:56 AM

What is a proper and legal amount to charge a tenant when the rent is not paid as agreed?
Many landlords and property managers employ late fees to penalize their tenant for the added risk of a late payment.  Some charge a flat fee and some a percentage of the … (14 comments)

late payments: An Interesting Story on Lou Dobbs Tonight - 05/09/08 07:21 PM
I was watching Lou Dobbs this evening (5/8/2008), and was surprised when he reported that over 15.5 Million Americans are behind on paying their utility bills.  That is an incredible amount.  That amounts to 15% of all Americans are more than 30 days late in paying their utility bills, natural gas, … (25 comments)

late payments: Another Way to Prevent Foreclosure for Your Clients? - 05/04/08 11:26 PM
Hi Everyone,
As I am sure all of you know, there are a lot of different offers going on to prevent foreclosures.   I found this company that tries to buy homes before they go into foreclosure.  I'm not sure how they negotiate when the homeowner has multiple liens on the property … (1 comments)

late payments: Foreclosure, how does it work? - 04/28/08 03:58 PM
When you are late making mortgage payments because you are having financial trouble, the first thing that happens is the lender will send you a letter asking you to make your payment.  Generally, it is ignored because you can't pay it.  When letters don't work, the lender then will begin calling … (0 comments)

late payments: El Cajon Short Sale Two Homes on One Lot 3bd/2ba & 2bd/1ba - 04/22/08 03:35 PM
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late payments: Why's My FICO so low? - 04/04/08 06:00 PM
Wonder why you're FICO's so low?  Do you pay your bills on time and are never late but can't seem to figure out you're score doesn't reflect your payment history?  Because that's not the only factor in the mix.  When determining your scores, the 3 bureaus utilize a formula to calculate … (4 comments)

late payments: FEELING BAD BECAUSE YOU ARE BEHIND ON YOUR MORTGAGE? - 03/21/08 08:12 PM
There are many people who are behind on their mortgage payments and feel that it is their personal failure.  It is normal to feel bad when you cannot meet a financial obligation.  What I am proposing is that you do not let these feeling paralyze you from taking the necessary action … (6 comments)

late payments: Not in My Market... - 03/07/08 09:52 AM
The Federal Reserve on Thursday announced that, in 2007, American ownership in their homes as measured by equity fell below 50 percent for the first time since records were first kept in 1945.
During the 2nd quarter of 2007 the central bank reported that homeowners' equity slipped to a downwardly revised 49.6 … (0 comments)

late payments: Seek help early if you're having trouble making your house payments. - 02/27/08 10:10 AM
I've been there.   It's ugly.  It's humiliating.  It's frustrating.  It's SO many things rolled into one.
You don't realize the very public implications of the prospect of losing your home until it's looming over your head.  How will you explain it to your kids?  your parents?  your friends? your co-workers?  Is there some … (1 comments)

late payments: FHASecure Initiative -Adjustable Rate Mortgage Relief for some. - 02/01/08 01:53 AM
FHASecure is a temporary lending program - which expires in late 2008 - announced by President Bush on August 31, 2007, and released to FHA-approved lenders on September 4th. Qualified homeowners seeking payment relief from their ARM may be able to use FHASecure to refinance their loan into a more stable, fixed-rate … (3 comments)

late payments: How to Remove Late Payments from Your Credit Report - 01/14/08 06:26 AM
Most people know that if they pay their bills late, their credit scores will suffer. However, most people don’t know this: According to Credit.com, a single 90-day late payment is as damaging as a bankruptcy filing, a tax lien, a collection, a judgment, or a repossession. It doesn't matter if you're … (6 comments)

late payments: New FHA Program Offers Help For Deliquent Non-FHA ARM Borrowers - 10/31/07 10:30 AM
 
Are you or someone you know having a hard time with your new Adjustable Rate Mortgage (ARM) payments? You are not alone - millions of Americans are in the same predicament. If your property is in South Carolina or Tenessee, I may be able to help you.
The new FHASecure Program offers a way … (3 comments)

late payments: How to sell your home with little or no equity - 10/29/07 10:01 PM
It's possible to sell your home even if you don't have any equity position but not many realtors are familiar with this lengthy process.  The lenders calls this a Short Sale meaning that they will be taking loss on the sale of your home.  In order to qualify for this you must be late on … (0 comments)

late payments: SELLER PANIC | POSSIBLE FORECLOSURE | WHO DO YOU CALL? - 09/20/07 12:59 PM
If you or someone you is having trouble making mortgage payments, the best advice I can give is to get your mortgage lender on the phone.  Do not wait until late payments begin.  Call while payments are still being made on time.   DO NOT EXPECT THE LENDERS TO INITIATE A CALL - they have … (5 comments)

late payments: Behind on your Mortgage? Avoid Foreclosure! - 09/04/07 12:26 AM
New Page 1 No Equity?
You may qualify for a Short Sale!

A short sale is a special transaction that allows
you to sell your home- even when your mortgage
debt is higher than the value of your home.

I am a professionally trained real estate agent who … (0 comments)

late payments: When is it time to turn in the keys? - 08/29/07 12:10 PM
 
If you are in a situation where you owe more then the property is worth, and you rate is jumping exponentially , and your income is staying the same......what can you do?
No lenders that I have seen as of yet, are announcing any new product that will address this very looming … (1 comments)

late payments: Five Components of Credit Scoring - 06/16/07 05:30 PM
In order of importance:
Payment History:  Perhaps the most important factor.  Repayment of debts on time and in full is a big plus.  Late payments, judgements, charge-offs, etc. as you can imagine can significantly reduce one's score.  Delinquencies within the most recent 2 year period affect score more than those that are much … (0 comments)

late payments: Multiple Properties and how to manage your debt. - 04/20/07 08:05 PM
et's face it, credit is extremely important in Real Estate finance, and one of the most important, if not the most important factors, is paying everything on time.  I am going to give a few tips on how to make managing the payments and keeping that FICO score in 700's to … (0 comments)

late payments: FHA vs Subprime: default and foreclosure rates - 03/16/07 09:25 AM
The mortgage industry has been self regulating and making guidelines for SubPrime lending stricter for at least the past 6 months.  Now with the pending "implosion" of the subprime market, congress is looking at other ways to further regulate the lending practices and guidelines for "risky, higher-interest home loans made to … (9 comments)

late payments: who cares if you miss a mortgage payment ? - 12/25/06 05:08 AM
 
What happens if you don't make your monthly mortgage payment? In some cases, the original lenders are
taking the biggest hits. In typical contracts, mortgage banks agree to buy mortgages back from Wall Street in
the case of a payment default within the first 90 days. H&R Block (owner of Option … (2 comments)

late payments: Keeping you credit in check! - 07/24/06 12:41 PM
a credit report is very crucial to getting approved when applying for a home, car or credit card or any other type of loan. it provides creditors, employers, and insurers with a detailed picture of your credit history. there are many things that might affect your credit score, such as, identity … (1 comments)

 
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