Archive for the ‘Avoid Foreclosure’ Category:

Jun 20 2011

Short Sale Negotiations – Avoid Foreclosure or Bankruptcy

By wwhitehurst
Because you would need to sell your home for less than the loan amount, you are faced with possible foreclosure or bankruptcy. With a short sale, you would be working with your mortgage company to sell your home as quickly as possible and at a price the mortgage company will need to accept. Since selling your home in a short ... [Continue Reading]
Mar 07 2011

3 Reasons the Term “Strategic Default” Is Misleading

By wwhitehurst
In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth). Now that more than one in four American homeowners is “underwater,” I feel ... [Continue Reading]
Feb 12 2011

Solving Your Mortgage Crisis – Avoid Foreclosure

By wwhitehurst
5 Steps for a Successful Short Sale Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process much easier than in the past. If you are considering short selling your home to avoid the financial and emotional ... [Continue Reading]
Feb 10 2011

8 Reasons To Avoid Foreclosure

By wwhitehurst
If you are behind on your mortgage and facing foreclosure on your home, here are 10 reasons why you should consider a short sale or some other option rather than letting the bank foreclose on you: 1. You will always have to disclose that you have had a foreclosure on any mortgage application and many ... [Continue Reading]
Jan 15 2011

Foreclosed Homes and Short Sales in the Jacksonville NC and Camp Lejeune Area

By wwhitehurst
Whether as an investor or a home buyer, foreclosures and short sales offer an opportunity to buy properties at “below market” values. As I said, it offers “an opportunity” – the process is not easy and it is not normally a short process. Link to Foreclosed Homes (REO) in the Jacksonville NC area and surrounding ... [Continue Reading]
Mar 18 2010

Homebuilder Sentiment Down Nationally, Not in Jacksonville NC

By wwhitehurst
According to a report released by the National Association of Home Builders, industry confidence in newly built, single-family homes slipped in March. The index the association uses dipped to 15 in March, down two points from February and back to its January level. An index number below 50 indicates a negative confidence reading. The index ... [Continue Reading]
Mar 13 2010

Avoid Foreclosure on Your Home

By wwhitehurst
Are you behind on your mortgage payments? Facing possible foreclosure? Don’t know what to do? What can you do? It depends on what you are trying to accomplish: I want to keep my house and stay in my home – you will need to see if restructuring your loan is possible I don’t mind moving and ... [Continue Reading]
Feb 27 2010

Short Sales, Foreclosures, and Alternatives

By wwhitehurst
Is a short sale right for me? A short sale is selling your Jacksonville NC home for less than the total amount that you owe on your property, a method commonly used to try to avoid foreclosure. For a short sale to work, you must find a qualified buyer and your lender must agree to ... [Continue Reading]

Jacksonville, NC and Camp Lejeune Neighborhoods

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