foreclosure: Buying A Short Sale - 12 Steps you MUST know...
- 02/03/10 02:43 AM
As banks continue to foreclose on homes in Wisconsin, buyers are sure to come across some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into foreclosure. What is a "short sale?" A short sale may be defined as the sale of a home at a price less than the existing mortgage balance; however the ultimate price of a short sale lies in the willingness of the bank to negotiate terms. A Short Sale is a complicated process; and quite a rare occurrence until now. Without a doubt, short sales transactions are … (3 comments)
foreclosure: Is the Sky Opening? Fannie Mae Shines on Investors by Increasing the Mortgaged Property Limit from 4 to 10
- 02/10/09 03:21 AM
Less than 30 days into the new administration, Fannie Mae released information on their new change to roll back a very unpopular guideline change that occurred less than 12 months ago. Information from the revision to the Selling Guide says" Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fied investors. Experienced investors play a key role in the housing recovery and Fannie Mae's continued support for investor borrowers is consistent with its mission to provide stability, liquidity, and affordability to the nation's housing system". On the onset of Spring, Investors will once again have the opportunity to … (6 comments)
foreclosure: Loan Modification Series: Avoiding Loan Modification Scams - PART 5 of 5
- 01/25/09 02:38 AM
Avoiding Scams When Looking For Mortgage Payment Rescue Companies that help you stop foreclosures, attorney-facilitated Loan Modification companies, and loss mitigation companies all target people who are in or who are facing foreclosure. Some of these companies may not be legitimate and may try to scam the consumer, making an already bad situation even worse. Before signing any papers, talk with an attorney or a state regulatory agency. It is important that you speak with someone who is familiar with the governing process of these companies. Also, make sure the business has filed a contract with your state and that … (9 comments)
foreclosure: Loan Modification Series: FAQ's - PART 4 of 5
- 01/23/09 01:52 AM
Loan Modification Series: PART 4 of 5 - The 10 Most Common Questions About Loan Modifications For many people trying to avoid foreclosure, the process of renegotiating their loan can be difficult to understand. If you are considering contacting your lender to attempt negotiations for a loan modification in order to avoid foreclosure, it is vital that you are adequately prepared and able to present your case in the best possible light, The process begins with gathering as much information upfront as you possibly can to insure a successful negotiation. I have compiled a list of the Top 10 Questions about Loan Modifications. … (2 comments)
foreclosure: Loan Modification Series: Can A Loan Modification Assist in Avioding a Foreclosure? Part 3 of 5
- 01/21/09 01:43 AM
Loan Modification Series: PART 3 of 5 Avoiding Foreclosure with Loan Modifications With the rising rate of foreclosures in the United State, mortgage modifications are quickly becoming the answer to many people's prayers. Until recently, mortgage companies were reluctant to provide the option of mortgage modification to people facing foreclosures. However, with the ever-increasing amount of homes in danger of foreclosure, lenders are more willing to try new and different approaches to help a homeowner keep their home. They have come to realize that they can minimize their loss and avoid bankruptcy by working with the homeowners. A loan modification, sometimes called … (6 comments)
foreclosure: Loan Modification Series: Are the Banks Willing to Play? PART 2 of 5
- 01/19/09 01:38 AM
Loan Modification Series: PART 2 of 5 Why The Banks Will Lower Your Rate Without Refinancing My, my, how things have changed . . . . Just a few years ago, real estate prices were booming. "Sold" signs that were once the "norm" have now been replaced with foreclosure signs. Lenders are having difficulty attracting investors because of the enormous bad debt on their books. The never ending spring of fresh consumers who could be enticed with sub-prime mortgage products have gone by the wayside as lenders have gotten trapped between the FDIC and possible loan fraud investigations. Today, banks are … (4 comments)
foreclosure: 12 Steps To A Successful Short Sale Transaction
- 01/18/09 10:31 AM
12 Must Know Steps When Considering Purchasing a Short Sale Property It is on the 5:00 News, printed in our local newspapers and being discussed around the water cooler! As banks continue to foreclose on homes in the area, buyers will find some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into foreclosure. What is a "Short Sale?" A Short Sale may be defined as the sale of a home at a price less than the existing mortgage balance. It may or may not be in a foreclosed status; however … (0 comments)
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Gwenn Tanvas
The Mortgage Gal, 920.267.7891~ SMART - INNOVATIVE
MY MISSION: 1 - Looking to network with Wisconsin Real Estate Agents... share really great tips and help friends BOOST their business! Help me contribute to the industry in a whole NEW way!!
2- Provide valuable information to Wisconsinites that help them make great decisions, save time, money and truly have a great experience when it comes to buying and financing real estate in this great state!
As banks continue to foreclose on homes in Wisconsin, buyers are sure to come across some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into foreclosure.
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