foreclosure: Housing Rescue Bill - 07/29/08 01:24 PM
A $300,000,000,000 rescue bill has been passed in the US House on Wednesday. Providing the Senate agrees on the bill and the President signs it into action, this could provide assistance to homeowners who are in danger of losing their homes to foreclosure, as well as Fannie Mae and Freddie Mac.
Now I have heard many debates on whether this rescue bill is a good idea or not. Many folks believe that the government should have the responsibility to step in and help homeowners who took loans they could not payback. And they definitely should not be giving money to Fannie … (0 comments)

foreclosure: Short Sale Checklist - 07/19/08 02:59 PM
When requesting to your lender to accept a short sale on your property, there are 3 categories of items that you will need to get put together. Financial information, hardship information and property information.
Lets start with what you will need on the financial list
Financial Information
Three most recent bank statements for all checking and savings accounts W2s for the past 2 years Income tax returns from the past 2 years Past three paycheck stubs And copies of all bills within the past 2 months from all borrowers Hardship Information
Hardship letter that describes why the homeowner was … (1 comments)

foreclosure: Leverage - 10/17/07 04:15 AM
Leverage. This is a common word among the real estate investment community. Investors use leverage to help them finance deals. The most common form of leverage in the investment community would be in the form of a mortgage. This is what I would call good debt. As investors, we need to make the right contacts with the right people to obtain good leverage.
Being a Realtor and Investor, I know the importance of other people's money. Keeping that in mind, I offer two programs through my brokerage known as the EZ Move program and the Equity Advance Program. These programs are unique … (1 comments)

foreclosure: Foreclosure: Behind on mortgage payments - 10/11/07 01:50 PM
A program that I offer known as the EZ Move Program, is a great tool that enables me to help homeowners who are facing foreclosure. With this program I am able to come in and pay the back mortgage payments, as well as pay them month to month until the property sells.
I have had cases that have been pulled out of foreclosure the day of the auction. This is a great benefit for consumers who would like to take advantage of it.
… (2 comments)