realtor: Indiana Foreclosure Law Summary
- 02/14/10 09:57 PM
A Quick Look - Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: No - Primary Security Instruments: Mortgage - Timeline: Typically 150 days - Right of Redemption: Yes - Deficiency Judgments Allowed: Yes In Indiana, lenders may foreclose on a mortgage in default by using the judicial foreclosure process. Judicial Foreclosure The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed of trust. Generally, after the court declares a foreclosure, the property will be auctioned off to the highest bidder. … (0 comments)
realtor: Dealing with Short Sale Rejection.
- 02/14/10 01:32 AM
Buying houses by means of a short sale can be a great way to make significant amounts of money, but they're not for everyone. You have to find a seller who will work with you to persuade the lender to sell the home rather than allowing the foreclosure process to continue. Then you have to submit an offer that's low enough to make a profit, yet not so low as to be rejected altogether. If a lender does reject your offer, all isn't lost. The first thing to do is to try to determine why your offer was rejected. There are … (0 comments)
On August 22nd, 2008, the Foreclosures Help resource website conducted a survey of U.S. residents who are either now in foreclosure or at least three months delinquent on their mortgage. The purpose of the study was to get a better understanding of the needs of people who are facing foreclosure. Below are the survey results, ranked in order of popularity from most to least. 1) How exactly do I protect my home from foreclosure? The most popular question on foreclosure homeowner's minds was naturally how to stop the foreclosure. In many cases the … (0 comments)
It is feasible to always take help from professional real estate agent to make a lucrative deal. Real estate brokers provide every kind of help to sellers as well as buyers. Without a nice real estate agent, you may never get an implausible deal. There are various ways to find the best real estate agent in your desired area. Real estate agent can be a person as well as a firm that helps you in selling/buying real estate. Checking the local bulletin boards might also provide you with various real estate agents. … (0 comments)
realtor: Selling Your Home is as Easy as....
- 02/16/09 03:24 AM
Michael Mergell, Managing Broker RE/MAX Ability Plus-Fishers If youre looking to sell your home fast, youll need to attract as much attention as possible. A real estate agent can help, although he can only do so much. He can show your home and help to get it out there to buyers, although he cant make it sell. If you want to sell it fast, youll need to do some work yourself. If you put the effort into selling your home fast, chances are that you will. The quickest way to sell a home is by staging it. Staged homes literally invite … (0 comments)
realtor: 203k Opening Doors to Fixer Uppers
- 02/13/09 05:37 AM
RE/MAX Ability Plus-Fishers Opening Doors for you all across Indy and Hamilton County. by Michael Mergell, Managing Broker RE/MAX Ability Plus-FishersFHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser. Practically the only home repair or renovation program out there for those with less than perfect credit .Borrower up to 110% of the homes after-improved value.Call … (0 comments)
realtor: Why We Refinance...
- 02/12/09 04:46 AM
by Michael Mergell, Managing Broker RE/MAX Ability Plus-Fishers Refinancing a mortgage loan basically means that the homeowner is changing mortgage payments and terms of the loan to new terms and monthly payments. Homeowners refinance mortgage loans for several reasons. Mortgage payments are one of the largest monthly expenses for any family. Reducing the payments gives extra cash to the homeowner to manage other expenses. First and one of the best reasons could be to lower their monthly mortgage payments. Interest rates for home loans change all the times based on economy. If the mortgage interest rate goes down then it may be … (0 comments)
A Quick Look - Judicial Foreclosure Available: Yes - Non-Judicial Foreclosure Available: No - Primary Security Instruments: Mortgage - Timeline: Typically 150 days - Right of Redemption: Yes - Deficiency Judgments Allowed: Yes In Indiana, lenders may foreclose on a mortgage in default by using the judicial foreclosure process. Judicial Foreclosure The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed of trust. Generally, after the court declares a foreclosure, the property will be auctioned off to the highest bidder. … (0 comments)
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