foreclosure help: The 7 Most Dangerous Short Sale Myths - Complete Version
- 06/26/10 03:36 AM
Don't let one of these dangerous myths land you and your family in foreclosure ... A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.
Myth #1 - The Bank Would Rather Foreclose than Bother with a Short SaleThis is one of the most common misconceptions. The reality is that banks do not want to foreclose on your … (2 comments)
foreclosure help: The 7 Most Dangerous Short Sale Myths - Myths #2 & #3
- 06/24/10 04:52 AM
Don't let one of these dangerous myths land you and your family in foreclosure... A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.
Myth #2 - You Must Be Behind on Your Mortgage to Negotiate a Short Sale While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, … (3 comments)
foreclosure help: The 7 Most Dangerous Short Sale Myths - Myth #1
- 06/23/10 04:32 PM
A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs. Myth #1 - The Bank Would Rather Foreclose than Bother with a Short Sale
This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Banks, investors, and even the … (5 comments)
foreclosure help: Foreclosure, A National Problem:
- 06/23/10 03:19 PM
Foreclosure, A National Problem:Here are some disturbing statistics from the Mortgage Bankers Association, based on 44.6 million mortgages. Data courtesy of the CDPE organization. National Numbers, Prime Loans - 1st Quarter 20103.41% in Foreclosure6.89% in Default (30+ days late)10.3% Total National Numbers, Subprime Loans - 1st Quarter 201015.39% in Foreclosure25.76% in Default (30+ days late)41.15% Total National Numbers, FHA Loans - 1st Quarter 20103.93% in Foreclosure12.09% in Default (30+ days late)16.02% Total National Numbers, VA Loans - 1st Quarter 20102.63% in Foreclosure7.06% in Default (30+ days late)9.69% Total National Numbers, All type loans combined - 1st Quarter 20104.63% in Foreclosure9.38% in Default (30+ … (0 comments)
foreclosure help: Are You Facing Foreclosure? There is Help Available!
- 04/19/10 11:19 AM
We are all in this together and we should be broadcasting all available help out there for our fellow human beings. These are tough times and if we can help just one family avoid the trauma of foreclosure we have made a worthy contribution to the cause. My wife is the Mediation Coordinator with Clackamas County Community Solutions and she just forwarded to me some great resource information for folks who are in financial distress and in danger of having their homes foreclosed on. Oregon mediation organizations are trying to mobilize their members to get involved in this national crises. Most of the resources are Oregon … (0 comments)
Don't let one of these dangerous myths land you and your family in foreclosure ...
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