Avoid Foreclosure

It’s no secret the foreclosure market is at an all time high. And it seems as though more and more properties continue to face home foreclosure. Short Sales are still a very viable means for avoiding foreclosure. Unfortunately not enough homeowners understand the process and too many ineffective Realtors are avoiding Short Sales. Therein lies [...]

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What qualifies as hardship in a short sale? I get this question fairly often, and it should be addressed. First, I’ll tell you what does not qualify as hardship, and that is simply being underwater. If you owe more than you are worth, being upside down alone is not adequate hardship to get a short [...]

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The new Loan Modification Plan may be hurting some investors while helping others. First lien holders are complaining that they have lost priority under the new Making Home Affordable program. Many investors believe the program could help the housing market but they also want to share the losses with second lien holders. One report suggested [...]

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Short sales are already picking up in the distressed-property market, and the trend is expected to explode in coming weeks, when the government starts handing out cash to encourage lenders to close these deals. “Banks have ramped up short sale approvals,” said Duane Legate of House Buyer Network. “They’re hiring a lot of the people [...]

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Property flips are legal if done correctly in an open and transparent manner. Legitimate, solid sources have documented their changes recently. Wells Fargo, Bank of America and now FHA, all have acknowledged Legitimate Property Flips. Banks are finally catching up with the market and opening up their guidelines to allow more investors to revitalize the [...]

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