Tag Archives: foreclosure prevention

Do Loan Modifications Work?

Posted on October 22, 2012 by Nicole Espinosa

When you are behind on your mortgage the first thing your lender will do is push you to get a loan modification. Let me explain why as a borrower a loan modification does not work in your best interest. There … Continue reading →

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When Should a Homeowner Consider a Short Sale?

Posted on December 7, 2011 by John Anderson

If you’re behind on your mortgage payments or you know that your income will not be sufficient to make the payments going forward, it may be time to consider a short sale on your home A short sale can help you avoid foreclosure and salvage your credit rating while still letting you liberate yourself from your home loan. Continue reading →

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Agent Experience is the Key in a Short Sale

Posted on August 17, 2011 by John Anderson

When it comes to choosing a real estate agent for a short sale, the one factor that matters most is experience We’ve seen it happen more than once, where an agent – who may be outstanding when it comes to traditional home sales – just can’t navigate the challenges of a short sale Continue reading →

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How Serious is the S&P Downgrade?

Posted on August 11, 2011 by John Anderson

The downgrade of the nation’s credit rating by Standard & Poor’s is certainly not a good thing, but I don’t see it doing tremendous damage to the housing market or the market for short sales. Continue reading →

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Housing Market Following GDP? Not Likely!

Posted on August 1, 2011 by John Anderson

I can’t speak to what’s going to happen with the Gross Domestic Product, but I do believe that the housing market isn’t going to improve just because GDP does. The “middle class” may be the group squeezed hardest by this economy, and unfortunately, it’s the middle class that powers the housing market Continue reading →

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Short Sales Aren’t Really That Scary

Posted on July 27, 2011 by John Anderson

I just finished reading an article about short sales over at the USA Today website, and while it raised some good points, it focused far too much on failed short sales and some of the pitfalls of the process Yes, there are bad short sale experiences Continue reading →

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The $16 House? Nice Try, But …

Posted on July 25, 2011 by John Anderson

If someone offered you a $330,000 home for $16, you’d be pretty sure there was a catch The man, who is attempting to take advantage of an obscure Texas law relating to “adverse possession,” has been the subject of some local news reports, and is determined that he may have found just the loopholes he needs to end up the owner of the house. Continue reading →

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