More Gloom n Doom = More Imminent Foreclosures - 10/30/07 05:34 PM
Gee whiz, more depressing news about the housing market - I first heard it earlier today on CNN and then read the article in the NY Times. According to the latest statistics, home prices continue to decline and there doesn't seem to be an end in the near future. I haven't … (1 comments)
Investor Sharks – What are they? How to Spot ‘Em - 10/28/07 07:30 PM
Investor Sharks are everywhere and like roaches coming out in the dark, these sharks come out in droves whenever economic events or personal problems occur in which the sharks can take advantage. Investor Sharks typically attack the vulnerable - homeowners having financial difficulties, families that have just lost a loved one (probate), … (1 comments)
Buy Back - Too Good to be True? - 10/20/07 04:09 PM
Here's the scenario: for whatever reason (illness, divorce, job loss, etc.) you are behind in your mortgage payments and are facing foreclosure. The Notice of Default has been filed and suddenly there are strangers knocking on your door and calling at all hours of the day, not to mention your mailbox … (3 comments)
Short Sale - Husband / Wife Team - Who are you? - 10/15/07 02:45 PM
Hello all - last week I listened in on a webinar presented by a husband & wife team. Usually webinars are very short on information, very long on hype. But this one was different in that they actually shared REAL information. As a seasoned short-saler most of the info was stuff … (0 comments)
Foreclosure Tax Relief - Fact or Fiction? - 10/13/07 02:22 PM
Losing their home is not the only worry of homeowners facing foreclosure; they also face the consequences of debt reduction (e.g. short sale, auction, note discount). Short Sale savvy Realtors add clauses in the sales contract intended to mitigate the seller's exposure to additional liability resulting when a property is sold … (6 comments)
Refinance - Foreclosure Solution? - 10/10/07 03:08 PM
Lenders have been tightening their lending standards for over 18 months now. First we saw the subprime mortgage market melt down (subprime are those borrowers with less than perfect credit). Then, as the number of foreclosures continued to rise, there was even more tightening and the squeeze extended beyond the subprime markets. The bottom … (1 comments)
Short Sales - 1099s - Phantom Tax - 10/06/07 02:00 PM
I was just going thru my emails and happened across this article - this tax code change is so desparately needed for the homeowners who have lost their home and wind up with an IRS tax bill - it looks as if it is limited to primary residence homeowners only which seems fair … (2 comments)
Reinstatement – Save Your Home From Foreclosure - 10/06/07 09:33 AM
For many homeowners facing foreclosure or behind in payments, selling their home is not an option. The Notice of Default and filing of foreclosure by the lender often serves as a wake up call for homeowners. In my work of Foreclosure Assistance, more often then not, homeowners want to stop the … (5 comments)
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Gee whiz, more depressing news about the housing market - I first heard it earlier today on CNN and then read the article in the NY Times. According to the latest statistics, home prices continue to decline and there doesn't seem to be an end in the near future. I haven't … (1 comments)
