Many people ask about a ‘deed in lieu of foreclosure’ without fully understanding what it is. In a nutshell, the repercussions are about the same as a foreclosure. It still counts as a foreclosure on your credit. Basically, you go to the bank and tell them; “I will turn the deed to the home over
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01/03/2012
A foreclosure can drastically upset your credit score and should only be considered as a last resort. Some who have gone through a foreclosure claim that the foreclosure dropped their score as much as 250 – 350 points. So if you had a near perfect score of 790, your score could be dropped as lo
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01/03/2012
The bank can’t make you leave your home until the foreclosure process is fully complete. You are still the official homeowner until the lender has completed all of the necessary legal steps of the foreclosure process. However, if you have already ditched the home and it becomes vacant, the bank
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01/03/2012
If you can’t keep up with your monthly mortgage payments, it forces the lender to take legal action in accordance with the promissory note you signed to obtain the mortgage note. They will seize the property and try to recoup their losses by auctioning it or selling it. The main goal of the ba
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01/03/2012
How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today: Fixed
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01/03/2012
In today’s real estate market it is more important than ever to have a professional who truly represents your best interest. A qualified listing agent works for you — the home seller. Here are some things to consider when hiring an agent: 1. The offer is typically written by an agent who represen
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01/03/2012
Are you struggling to make your mortgage payment in Palm Beach County home? Do you have a Wells Fargo Pick a Pay Mortgage on your Palm Beach County home? Then you really could be helped. We know of an amazing program and we want to see if you qualify. We are helping our clients that qualify f
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01/02/2012
Do you wonder what is going on in Palm Beach County in the real estate market? Are you thinking of selling? Or is a possible short sale something that you should consider? Or even better yet, are you one of the lucky buyers that are able to take advantage of the record low interest rates and p
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01/02/2012
If you can’t keep up with your monthly mortgage payments, it forces the lender to take legal action in accordance with the promissory note you signed to obtain the mortgage note. They will seize the property and try to recoup their losses by auctioning it or selling it. The main goal of the ban
...
01/02/2012
The bank can’t make you leave your home until the foreclosure process is fully complete. You are still the official homeowner until the lender has completed all of the necessary legal steps of the foreclosure process. However, if you have already ditched the home and it becomes vacant, the bank
...
01/02/2012