If you a or someone you know is faced with the possibility of losing their home here are several options to avoid foreclosure. Short Sale – A short sale allows the homeowner to avoid foreclosure, minimize financial damage and move on from a burdensome, unaffordable mortgage. In many cases, a short sale allows the borrower [...]
More Than Half of All Mortgaged Homes in Arizona Are Under Water!
March 10, 2011 By Leave a Comment
A recent article on DSNews.com reports that data from CoreLogic shows; At the end of the fourth quarter, Nevada had the highest negative equity percentage with 65 percent of all of its mortgaged properties underwater, followed by Arizona (51 percent), Florida (47 percent), Michigan (36 percent) and California (32 percent). Just over half of all [...]
Short Sales, Three Advantages Over Foreclosure You Need To Know
September 30, 2010 By Leave a Comment
If you want to avoid foreclosure and your mortgage is no longer affordable, a real estate short sale is an alternative to foreclosure that can lead to an entirely different and more positive financial outcome. Here are just a few advantages a short sale has over foreclosure; A successfully negotiated short sale will allow you [...]
Five Things You Need To Know About Foreclosure
September 21, 2010 By Leave a Comment
If your mortgage is no longer affordable and you’re thinking of letting your house go into foreclosure, here are five very important things you should know; If you let your house got to foreclosure, you won’t be able to get a new home loan for 5 years. Foreclosure can lower your credit score by 250 [...]
Foreclosure threatening your credit score?
August 27, 2010 By Leave a Comment
Your mortgage problems don’t have to bring down everything you’ve worked for. If your mortgage payments have become unaffordable, or you’ve recently taken a financial hit that will affect your ability to pay the mortgage, you probably have a lot on your mind. Your next financial moves will affect you for many years to come, [...]