Noel Crider's (ncrider) Blog

by Scott Cooper, Big Valley Mortgage Scott is a featured contributor to my blog. Many people believe they won't be able to purchase a home for at least 7-10 years after a short sale or foreclosure, however, I am happy to inform you that is not the case.  Although your credit will be affected, you...

Why is it so competitive for buyers? The answer is that 68% of distress sales are receiving multiple offers. This is especially true in the affordable home range. Here are some strategies for your offer to make its way to the top of the pile. Ask your lender to provide FULL loan approval and subm...

If you are a First Time Homebuyer who qualifies for the First Time Homebuyer Tax Credit, here's how to file and receive your credit. You have two choices: you can file to amend your 2008 tax return, or wait and file in 2009. How to amend your 2008 tax return: Download Form 5405 "First -Time Homeb...

Before you decide to "Just Walk Away," here are some alternatives that you might not have considered that could reduce the negative impact to your credit score, and allow you to get back in the housing market sooner. 1. Loan modification - The lender and the homeowner agree to change one or more ...

Are you considering a short sale? Here are some basics to get you started. What is a short sale? When a homeowner owes more on their mortgage than their home can sell for in the current market (a.k.a, upside-down), the homeowner can try to avoid foreclosure by negotiating with the lender to accep...

On Friday, March 8th, I placed the first call to the lender on my short sale listing, with listing agreement, offer, hardship letter and authorization in hand (along with all other required paperwork). Tuesday, March 12th I had the first call from my point of contact. Friday, March 14th I had an ...