WARNING: Don’t even think of doing anything with your home until you read this letter. Which one of these misconceptions do you believe, and how much is it going to hurt you? Some of these may even affect your ability to get a job. Why? Because many employers now require credit checks when hiring. Common Foreclosure […]
Category Archives: Avoid Foreclosure
Short Sale Relief for VA Loans
“Freddie Mac announced its support for this important new effort to help servicemen and women when national duty requires them to sell their homes in an uncertain market. We look forward to working with our servicers on this new short sale policy. Together we can help ease the challenge of relocation for military families when […]
Short Sale Negotiations – Avoid Foreclosure or Bankruptcy
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 […]
3 Reasons the Term “Strategic Default” Is Misleading
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 […]
Solving Your Mortgage Crisis – Avoid Foreclosure
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 […]
8 Reasons To Avoid Foreclosure
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 […]
Foreclosed Homes and Short Sales in the Jacksonville NC and Camp Lejeune Area
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 […]
Homebuilder Sentiment Down Nationally, Not in Jacksonville NC
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 […]
Avoid Foreclosure on Your Home
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 […]
Short Sales, Foreclosures, and Alternatives
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 […]