hud: Foreclosure on Your Mind? Talk to Your Lender!
- 07/02/10 11:19 AM
Foreclosure Tips for the Consumers:I am meeting more and more people who are having trouble meeting their monthly mortgage payment. Here are some tips I have found through reading that might be of use to you:What to Ask the Lender:If you, or someone you know, cannot meet the mortgage payment, HUD recommends that any letters from the lender be answered immediately with an explanationof the circumstances. Many lenders offer assistance, but only for those who stay in the home and do not abandon it. Do not abandon your home. Stay there. See if you can work out the mortgage problems with … (2 comments)
INVESTOR ALERT!! HUD has announced today that the 90-day house flipping restrictions have been lifted as of February 1st, 2010. For my friends who are really into multiple streams of income and like to get their hands dirty fixing up those Fixer Uppers....this announcement is for you! "Flipping" homes has now just become easier...at least for the coming year. This will certainly be a positive effect on our market.
Here are some things that are rules applying to this new HUD flipping houses rules:: Buyer and seller may not be family members. Seller may not increase the … (6 comments)
Foreclosure Tips for the Consumers:I am meeting more and more people who are having trouble meeting their monthly mortgage payment. Here are some tips I have found through reading that might be of use to you:What to Ask the Lender:If you, or someone you know, cannot meet the mortgage payment, HUD recommends that any letters from the lender be answered immediately with an explanationof the circumstances. Many lenders offer assistance, but only for those who stay in the home and do not abandon it. Do not abandon your home. Stay there. See if you can work out the mortgage problems with … (2 comments)
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