RECENT BLOG POSTS
Renewed trust for tough times Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?” Weren’t we assured that home values were destined to go up and up and u...
09/22/2011
Missing Mortgage Payments? It’s Not Too Late Wondering what a homeowner should expect when payments are missed? The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. That being said, the quicker a homeowner d...
09/21/2011
One of the most frequently ask questions is, "What is the difference between a foreclosure and a short sale?".   Let's take a few minutes to explore this question.  Foreclosure:  A homeowner who loses a home to foreclosure is ineligible for a Fannie Mae-backed mortgage for a period up to 7 years ...
09/21/2011
We are reviewing the differnece between a foreclosure and short sale for the homeowner.   Let's review what happens with a credit score. Credit Score: Foreclosure:  Score may be lowered anywhere from 250 to 300 points.  Typically will affect score for over 3 years. Short Sale: Only lape payments ...
09/21/2011
Handling the Stress of an Unaffordable Mortgage Payment Whenever I research the latest foreclosure and distressed property statistics, the sheer number of Americans facing the stress of losing their homes amazes me.  It is my goal to help as many homeowners I can either stay in their homes or rel...
09/21/2011
Data released by Lender Processing Services (LPS) Thursday indicates foreclosure and delinquency numbers are on the rise again. The company’s report shows that foreclosures were initiated on 217,486 loans in June, up more than 10 percent from May. Interestingly enough, the company says most forec...
09/21/2011
Does it feel like trust is one of the major casualties of the economic meltdown of 2008 – followed by the “Great Recession,” the “Jobless Recovery” and now the threat of a “Double Dip Recession?” Weren’t we assured that home values were destined to go up and up and up? There have been lots of pro...
09/07/2011
Home prices in the U.S. continue to tumble. In recent months, that path of descent has become more precipitous as foreclosures claim a larger share of the market. Residential home prices slipped 2.5 percent during the first quarter of this year when compared to the previous quarter, according to ...
05/31/2011
The National Association of Realtors is cautioning real estate agents about a new rule from the Federal Trade Commission (FTC). The rule is designed to protect homeowners from mortgage relief scams, but it could potentially affect Realtors doing short sales. The rule bans all upfront fees for ren...
05/25/2011
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