foreclosure: Why would the bank foreclose on my home? - 10/10/11 03:24 PM
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 bank by loaning you the money for a house purchase is to make a profit through the interest payments that you pay over a prolonged 15, 20 or 30 year mortgage. So, if you stop making those loan payments you are “defaulting” on the financial agreement between you … (1 comments)

foreclosure: What are the credit implications of a foreclosure? Is my credit ruined forever? - 08/29/11 04:54 PM
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 low as 440, depending on other bill you may be behind on in addition to the foreclosure on your credit record.
A creditor will not offer you financing for 24 months or more after a foreclosure. This is not only regarding financing for a home, but for … (4 comments)

foreclosure: Social Media Strategy: What are the important steps for YOU to take? - 08/23/11 11:23 AM
When starting your social media venture there are many questions along the way. One question to ponder; is everyone doing social media the same way? The answer to that question is no. Every product, program, and profession should have its own unique strategy.
The most important piece is how to differentiate yourself from your competition. That is the first question that you should be able to answer for yourself, and your potential clients. What are your unique qualities, attributes, services & how can I add value to my potential clients and current clients by using social media?
Without a strategy for … (2 comments)

foreclosure: Are You Ready To Fight For Your Home? How to Fight Foreclosure! - 08/11/11 10:10 AM
Foreclosure is something that many people think can never happen to them.  The reality is it can happen to anyone.  It happens to good, responsible people every day.  There are many reasons that may leave us believing that foreclosure is the only option.
 
Rising interest rates Unemployment Health problems Divorce Personal tragedy such as the loss of a family member With the foreclosure process varies from state to state, here in Utah it is up to the lender and their attorney to determine how close they want to conform to the guidelines.  To help educate you on the process of … (0 comments)

foreclosure: What are the Loan Modification Programs Available? - 07/03/11 10:18 AM
“We pick politicians by how they look on TV, and Miss America on where she stands on the issues.” This ironic statement made by Jay Leno goes to show that every program comes with strange quirks, even loan modification programs.
Because loan modification programs are just now becoming mainstream, there is not much in standardization.  We can serve as your loan modification counselors to ensure you understand and choose the best one for your situation.
These brief explanations will help you become familiar with some of the options for loan modification: The White House/Treasury Program: Under the direction of the US … (0 comments)

foreclosure: I want to do a short sale! Who can qualify for a short sale? - 07/01/11 06:05 AM
Not everyone qualifies for a short sale. You can’t just change your mind on your mortgage and decide one day to pack up and move. Just as we discussed in the Loan Modification section, a homeowner must meet the criteria to be considered for a short sale.  Some of those same terms you learned will apply here, like figuring out your debt-to-income ratio.
The three main reasons to go through a short sale are:
The homeowner is going through hard times. i.e. – job loss or layoff, a major medical issue or illness, divorce or spouse leaving, bankruptcy, or if the … (0 comments)

 
Brian Pitcher (The Pitcher Group)

Brian Pitcher

Salt Lake City, UT

More about me…

The Pitcher Group

Address: 1214 E. Wilmington Avenue, Salt Lake City, UT, 84106

Office: (801) 893-1121

Mobile: (801) 891-6604

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