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Tag Archive: distressed homeowners
A Short Sale May not be the End of The Ordeal!!!
you may think that after negotiating a short sale with the bank, that its over. Well according to a recent Wall Street Journal article this may not be true. Get all your information correct and clear from your Real Estate Agent handling your Short Sale.
Where to Get Foreclosure Help
With all the dubious assistance programs and out-right scams preying on home owners facing foreclosure, it can be difficult to find legitimate help. Here’s a list of programs that are either operated by the U.S. government or have its seal of approval: * To find a counselor, contact the U.S. Department of Housing and Urban…
Short Sale Opportunity Awaits You
Investors looking to acquire houses through short sales just might be in for some good news. One of the largest holders of second liens in the U.S., the Bank of America, says it’s relaxing its policy on payoffs connected with short sales. That’s important because large banks have been major impediments standing in the way…
The State of the Economy|Dont panic
The current state of the economy is probably the worse economic slowdown that most of us have experienced. It’s scary. It seems like there is no end to the bad news and the value of assets (stocks and real estate) will never stop falling. Most investment advisors we speak with continue to believe that the…
Facing Foreclosure? Modify Your Loan! Alternatives to Foreclosure in Westchester County, NY
You’ve probably been hearing an awful lot about loan modifications. It seems like in this economic climate, the subject is popping up everywhere. Though I’m based in Westchester County, NY, helping distressed homeowners wade through the climate of the current recession is what I do. Though my area sweeps Rochelle to Portchester and a hundred…
Obama Foreclosure Plan to Help Resolve Westchester Housing Crisis|Loan Modifications
President Obama last week unveiled details of a $75 billion foreclosure prevention plan designed to help seven to nine million “responsible” home owners remain in their homes with affordable mortgage payments. The official rollout date for the program is March 4. Read More
Not Impossible to get a Loan|Loan Myths
RISMEDIA, February 19, 2009-(MCT)-The freewheeling days of doling out cars and homes to just anyone are over. With the nation facing a deepening financial crisis, banks have tightened their credit standards. Yet, lenders say it’s still possible for the average person to qualify. Here’s how to get that loan. Car loans A consumer’s down payment,…
It's Not the Market it's how you React
Anyone who has hit a speed bump knows there’s a right way and a wrong way to take this arbitrary, often irrational, obstacle to your intentions. The recession is a speed bump, a big one, but just a speed bump. If it is taken the right way, it will not be a barrier to a…
Record Drop in Home Prices|Distressed Properties|Short Sales
The median price of U.S. resale homes dropped 11.3 percent year-over-year in October — the largest ever drop since the National Association of Realtors began tracking the statistic in 1968. Read More
First Time Homebuyer Tips|Distressed Deals
Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, there are many factors to consider before you buy. The more information…
1 Out of Every 6 Homeowners Owe More Than Their Home is Worth
This article I found has some very useful and valuable information for homeowners in distress. Thornwood NY – The country was stung by more alarming housing news while making their morning commutes. The Wall Street Journal reported this morning that of the 75.5 million U.S. households that own their home, an astounding 1 in 6…