foreclosure: 3 mistakes to Avoid when Short Selling your Gainesville Home - 08/03/12 10:53 PM
3 mistakes to avoid when short selling your Gainesville home Gainesville FL- Short sale is a very complex process. It is quite confusing to those who are unfamiliar with its dos and don’ts. Many people have a hard time understanding short sale-- and there are even agents who lack the necessary knowledge and skills to handle short sale transactions. As given, you will want a successful short sale and to do this, your first priority should be looking for an experienced short sale agent. These agents know exactly how to prevent short sale missteps, and the necessary steps involved with the … (1 comments)

foreclosure: Gainesville Short Sale Cost - 07/21/12 01:05 AM
Gainesville Short Sale Cost Gainesville FL- If you think your life would be most livable without worrying for mortgage dues per month, then a short sale might just be the kind of rescue you needed to get rid of a home you can no longer afford. You might have been considering short sale for a long time but is not sure how to get started-- how the process works, the legal requirements needed, and most of all, how much it will cost you to short sell. The answer is plain and simple-- short sale will not cost you anything. If it … (1 comments)

foreclosure: Gainesville Homeowners - Have an FHA Loan - Help on the Way - 06/28/12 10:35 PM
Federal Housing Administration’s (FHA) secretary, Shaun Donovan, announced that the agency will be selling off distressed mortgages in bulk. This move attempts to prevent foreclosure for thousands of homeowners and shed those seriously delinquent home loans. Every time a new announcement comes from any administration it is usually glossed over with "HELP", but not sure of the impact. So far programs such as HAMP and HAFA, though great in theory, rarely work out for homeowners. In line with this, the housing administration aims to sell 5,000 mortgages each quarter beginning in September of 2012. The housing bubble burdened the agency with … (2 comments)

foreclosure: Gainesville Short Sales Agents Refinancing Bankruptcy Trick - 06/13/12 11:02 PM
Gainesville Short Sales Agents Refinancing Bankruptcy Trick The scammer assures you that they can negotiate with your lender to help you refinance your home. The scammer then asks for an upfront fee and disappears with the your money and files a bankruptcy in your behalf without your knowledge. Yes, filing bankruptcy will temporarily stop the foreclosure, but this is just the beginning of a nightmare. Since you are not aware of it, you are also not aware of ongoing court hearings, and your absence on these hearings will compel the judge to start the foreclosure proceedings. This scenario further creates many … (1 comments)

foreclosure: When can you obtain a mortgage again after Bankruptcy - Short Sale - Foreclosure? - 05/06/12 11:03 PM
When can you obtain a mortgage again after Bankruptcy - Short Sale - Foreclosure? I had a Bankruptcy on my FHA loan, when can I loan again? 3 years from the discharge date. I had a Bankruptcy on my Conventional loan, when can I loan again? 4 years from discharge date. I had a Bankruptcy on my USDA loan, when can I loan again? 3 years from discharge date. I had a Foreclosure on my FHA loan, when can I loan again? For most, 3 years from the date on Certificate of Title. If it is more than 3 years but … (1 comments)

foreclosure: Short Sales In Gainesville – Avoid Foreclosure, Know Your Options! - 02/07/12 03:51 AM
Short Sales In Gainesville – Avoid Foreclosure, Know Your Options! To save your home from being foreclosed, Short Sale Agents in Gainesville provide you with options. Study these options to know if they apply to your case.
1. You may apply for the federal HARP program to know if you are eligible and to your lender’s preferred loan modification program. To know if there are any state programs available to you, go to this federal site. Also, you may apply to the Home Save program under the NACA.
2. You may try getting a second job. This will help greatly in … (2 comments)

foreclosure: http://gainesvilleshortsaleagents.com/gainesville-short-saleswhat-is-hafa/ - 02/01/12 03:45 AM
Gainesville Short Sales – What is HAFA? HAFA Program…an alternative option to foreclosure. Foreclosure is a very difficult experience for a homeowner to endure. If you are a homeowner facing foreclosure we understand that exploring all alternative options is very important. We are fortunate that there are alternatives out there when facing foreclosure.
A short sale on your home is normally the best alternative for foreclosure for most homeowners. If you are in the process of doing a short sale or deed in lieu on your home, and have been turned down for a loan modification, there is a program out there offered … (3 comments)

foreclosure: Gainesville Short Sales - What is a HOA Foreclosure? - 01/02/12 04:29 PM
Gainesville Short Sales - What is a HOA Foreclosure? HOA foreclosures in Gainesville Florida and state wide have become a huge problem for homeowners that are delinquent on their HOA fees. HOA stands for “ Homeowners Association”. HOA foreclosures have been a growing problem for some time now. Most people do not know that their HOA is even legally capable of doing such a thing, however with these foreclosures on the rise many homeowners are finding out the hard way that this is a reality. Just about half of the states allow “non judicial foreclosures” meaning that HOA’s are legally able … (4 comments)

foreclosure: Gainesville Where has Our Trust Gone? - 09/12/11 06:04 PM
It feels like the war of negatives vs. solutions!  We are facing recession, jobless recovery, economic woes, real estate price drops, fear of what’s next.  Who do we trust, where are the facts in the constant spin with opinionated journalism?
Weren’t we assured that Gainesville home values were destined to go up and up and up?
What programs work?  Are loan modifications for real? What if I own more than one home? How about the future for my family?  All I wanted was a home to call my own; I did the best I could.  There have been lots of … (3 comments)

foreclosure: Gainesville Short Sale Explained - 08/08/11 12:22 PM
What is a Short Sale
A short sale is a request by the borrower to a third party to sale their home for less than the amount owed on their mortgage.  The mortgage may or may not be delinquent and there could be several lenders, investors, and possibly a mortgage insurer involved.
There are qualification criteria for a short sale to be approved by the third party.  The homeowners must be able to prove a hardship and in most cases be financially insolvent.  Typically they need to demonstrate an inability to make the mortgage payment. However there are situations where other … (2 comments)

foreclosure: Fannie Mae - Buy a Home 2 Years After a Short Sale - 04/26/10 03:38 PM
Forecloure alternatives are now more attactive to struggling homeowners.  As long as the borrower's credit score is still above minimum required to obtain a loan, Fannie Mae will consider qualifying the borrowers for a mortgage.
We should be careful about what this may bring to the table.  Many current homeowners may walk away from their mortgage knowing that they have an alternative in 2 short years vs. 4 that is currently required.
 
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