RECENT BLOG POSTS
If the market and your mortgage have tossed you a curve, you’re not alone   Millions of homeowners are at a crossroads right now   In the midst of a massive economic downturn, the most significant financial asset that many Americans assumed they could always fall back on has turned into a financi...
02/13/2012
Additional Foreclosure Avoidance Options?     Rent the Property. If your local market conditions will allow you to rent your home at or above the cost of your mortgage, renting the property and using the income to pay your mortgage could be an option.   Deed-in-Lieu of Foreclosure. Also known as ...
02/13/2012
What are Other Foreclosure Avoidance Options? Foreclosure is one of the most devastating financial challenges that a family can face and many times, it can be avoided. A short sale is not the only alternative to foreclosure. Here are others:   Reinstatement. A reinstatement is the simplest altern...
02/13/2012
Recognize the Red Flags!     The foreclosure crisis has given rise to a new breed of scam artist  romising relief from foreclosure with any number of too-good-to-be true Promises. Much of what scammers asking unknowing victims to pay for, HUDapproved counseling agencies provide for free. Go to: h...
02/12/2012
Foreclosure: Not an Option   By definition, foreclosure is a legal process that results in the termination of all rights to the property held by the homeowner covered in a mortgage. The process, in which the lender claims ownership of the property, begins when the homeowner fails to ake mortgage ...
02/12/2012
(HAMP) Updates and Extension January 27,2012 As of January 27, 2012 ** New Changes Deadline Extension: Deadline was Dec. 31, 2012 - **Deadline is Dec. 31,2013   Debt Ratio Eligibility Increase: Mortgage borrowers with debt ratio greater than 31% are eligible. ** Additional debts may now be taken ...
02/09/2012
New York Housing Counselor Charged with Defrauding Homeowners According to DSnews.com A New York housing counselor was recently sentenced to 72 months in jail and three years supervision by a U.S. District Court judge after defrauding 136 homeowners who reached out for help as they attempted to a...
02/08/2012
IS A SHORT SALE FOR YOU?   If you are no longer able to make your home payments, and you owe more on your mortgage than your home is worth, you’re in good company. An estimated one fourth of all U.S. homeowners are Upside Down on their mortgage—meaning they owe more on their home than they could ...
02/02/2012
Unmanageable Mortgage & Scam Artists   You may have read or heard in the news that home values have tanked, unemployment has spiked and homeownership has taken a turn for the worse. Millions feel stuck in a home they can't afford to sell because they owe more on their mortgage than the home is wo...
02/02/2012
How to Recognize a Mortgage Scam   Agents please inform as much homeowners as possible on what to look for. A potential customer of mine was told her Loan Modification is 100% guaranteed. For the Records – No such guarantee exist!!!!!     • You are told you will get a federal incentive to walk aw...
02/02/2012
Rainer
98,054

Shelda Hodges Author & Realtor

It's your journey. We will hold your hands
local_phone(561) 651-4159
smartphone(561) 308-4663
Contact The Author