Many people are familiar with your typical home loans that you secure through a local or national lender. However, USDA home loans are often overlooked when exploring homeownership due to a lack of familiarity with the term. USA home loans provide numerous benefits not only to rural communities but also to the borrower. What, exactly, [...]
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How to Stop the Drop in Home Values
The challenges facing this economy are diverse, complicated and enduring. Over the last several years and two administrations, the bleeding has continued unabated. Despite billions of dollars tossed at the problem, schemes to increase employment and opinions from economic experts on how to dig out, the country remains mired in the economic mud. A critical component [...]
Her Bank Got Enough Help When It Was in Trouble. She Didn’t.
“Mimi Pierre Johnson and her husband bought their four-bedroom home in Elmont, on Long Island, for $413,000 in 2005. Then the recession blew in. Her husband lost his construction job, her real estate work slowed and their boiler wheezed and died. Their once-reasonable mortgage resembled a forbidding mountain. She dialed her bank, JPMorgan Chase, seeking [...]
Help the Housing Market – Increase Foreclosures!
It’s refreshing to see an article in CNN Money reiterating what many of us in the real estate industry have known for years; that the foreclosure abatementprocess is simply delaying the inevitable. Many of the homes in the foreclosure process will never be recovered, it’s much better to foreclose and get on with the next [...]
Fed Sponsored Refi’s – Spend, Don’t Save the Difference!
As the economy continues to free fall like a stone approaching terminal velocity, the administration continues to try and pop ‘chutes to slow the decent. It’s no secret that real estate is a vital cog in any recovery, arguably the most vital as it impacts both personal and commercial/industrial wallets. Distressed home inventory remains high [...]
Loan Modifications: Are They Real?
I was discussing the current state of the mortgage and real estate market last week with someone when the topic of loan modification came up. The person asked: Are loan modifications real? And I couldn’t help but chuckle. My reply: “Of course they are real. Wait. I think they are real. Ok, I admit it [...]
HSBC to make some major changes to its Mortgage Divisions
In recent history time has shown HSBC to be in the process of consolidating its mortgage divisions. A recent letter sent out to our customers who have a mortgage that is being serviced by HSBC Mortgage Corporation division, in possibly yet another decline in their company standings, as many of the other HSBC divisions before [...]
Do You Know Who Owns Your Mortgage?
If by chance you missed the recent 60 Minutes piece asked “Who Owns Your Mortgage”, you need to catch it by hitting the link below. This is nothing short of vile; clear and undeniable fraud has taken place again and again with these legal documents and yet not a single criminal charge has been brought. [...]
Chase: Phone Number Changes (Contact Information Changes)
Chase, one of the mega Goliaths in the mortgage servicing industry is about to start a major renovation on their phone systems. In a conversation the other day with a representative in the Executive Office it was divulged to one of our negotiators that there were going to be some major changes in the phone system [...]
The Boondoggle that is HAMP – thanks for the help DC
The beat goes on….all of the “special committees”, the federal involvement in FNMA, the “investigations” and “inquiries” into fraud and time bomb loans… and the hundreds of millions of dollars (or billions by now)….and what to show for it? Abysmal performance of Home Affordable Modification Program (HAMP) and a combative stance that essentially mandates struggling owners to destroy their credit before a lender will speak to them.
Vandalism and Foreclosure may end you up in jail
Nevada has one of the highest foreclosed homes in the country, with so many empty homes not only does it lend itself to criminal activity, but the criminal activity may actually start with the homeowners themselves. Many struggling homeowners have chosen to let their house go into foreclosure or have not succeeded in getting the [...]
Watch Out for These 5 Home Loan Modification Scams
There’s no doubt; our country’s economic downturn has touched nearly everyone to some extent. Unfortunately, some of us have been hit harder than others and for the first time in our lives we’re struggling through a real financial crisis. Then, our worst nightmare comes true: we discover we’re about to lose our home. We’re desperate [...]
View From the Top, Pt. II “I can see my bank from here!”
Obama’s at it again—micro-managing from the top. When the HAMP (Housing Affordable Modification Program) was launched, it was thought that 3 million homeowners would take advantage of it, get themselves into lower-interest loans, and stem the tide of foreclosures. But the designers of the program found—as happens in all attempts at centralized planning—that they hadn’t [...]
7 Years, Lawyers & 3 Lender Tall Tales
It took 7 years, a foreclosure attorney AND interest from the United States Trustee, the unit of the Justice Department that oversees the nation’s bankruptcy courts, to get an answer for a woman trying to do the right thing.
Facts about Mortgage Debt Forgiveness
Don’t know what the Mortgage Debt Forgiveness Act is? This is taken directly from the IRS code and should enlighten you as to some of the simple facts of the Act.
Staying in tune with changes to the HAFA and HAMP Guidelines Part 1 New Policy Update
Home Affordable Foreclosure Alternatives (HAFA program) –NEW Policy Update In this article we will review some of the updates applied to the HAFA program, we will be highlighting these two sections. Following articles will include a look at the other updates made to this program. Knowing what the servicers know better arms you to fight [...]
Staying in tune with changes to the HAFA and HAMP Guidelines Part 4 New Policy Update
Home Affordable Foreclosure Alternatives (HAFA program) –NEW Policy Update Monthly Gross Income Vacant Property Release of Subordinate Liens Timing for Issuance of Short Sale Agreement Timing for Response to Alternative Request for Approval of Short Sale Real Estate Brokerage Commissions Alternative Deed-in-Lieu Programs *in article Borrower Notices *in article Retroactivity *in article Alternative Deed-in-Lieu Programs [...]
FHA Short Refinance Opportunity for Underwater Homeowners
A review of the FHA updated guidelines to the short refinance modification for struggling homeowners who are current but have lost value in their home. With the ever increasing rates of foreclosures and homeowners walking away from their homes, the government has announced a revision to the short refinance modification. Announced back in March 2009 [...]
Renting your home from Fannie Mae is an option!
If Fannie Mae is the owner of the property you may be able to stay and rent from the lender or continue a remaining lease protected under the Protecting Tenants at Foreclosure Act. So who is affected by the rental policy? This would apply to qualified renters occupying a Fannie Mae owned home at the [...]
What is a Dayton Ohio Home Warranty Plan?
Regardless if your a first time Dayton Ohio home buyer or a seasoned pro a home warranty plan can make a lot of sense. Greg Greenwald is a Dayton Ohio Realtor with Prudential One that explains if a home warranty plan is right for you.
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
- Taking a Look at the Foreclosure Settlement Holdout States
- Homes for sale in Casa Grande AZ – Casa Grande AZ Real Estate
- January Sales and Prices Up in Toronto’s Hot Real Estate Market
- Emerald Bay Laguna Beach Home Buying Information
- Mission Viejo Short Sale Condominiums report.
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Rob@Jupiter Real Estate: In Florida we have many condos located on oceanfro...
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Larry: It should almost be a necessity to have a swimming...
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New Media 4 Agents: I think we are past the stage of wondering if it w...
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Jim Wagoner: Good information we all should try to live by....
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Mike Pannell: Tony, i tried to sign my Wife up on your property ...
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