Tag Archives: homeowner

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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New Short Sale Rules Take Effect in June

Posted on July 4, 2012 by John Anderson

With short sales expected to outpace foreclosures in the coming year, the short sale process itself will be streamlined under new guidelines adopted by Fannie Mae and Freddie Mac. The guidelines, which take effect on June 15, 2012, require mortgage … Continue reading →

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Banks Continue to Tighten Mortgage Lending Standards

Posted on July 3, 2012 by John Anderson

A dramatic increase in the demand for residential mortgage loans has led banks to tighten lending standards once again, according to a new report by the Federal Reserve. In light of the uptick in demand, some banks have further tightened their lending standards Continue reading →

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Realtor Tip 15: Managing Divorce in a Short Sale

Posted on May 2, 2012 by John Anderson

Realtors need to be acutely aware of a divorce situation when doing a short sale, or when selling a house in general When you’re dealing with a short sale, always ask up front whether the homeowner was ever married during the period they owned the house Continue reading →

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Housing Prices Down, But Dallas Market Better than Most

Posted on April 27, 2012 by John Anderson

Housing prices continue to move downward in major metropolitan areas, according to data from the latest S&P/Case-Shiller Home Price Indices, the leading measure of US home prices In contrast, home prices were unchanged in Dallas from January to February 2012. Continue reading →

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Making Six Figures, But Still Poor

Posted on April 10, 2012 by John Anderson

Owning a home is a fundamental part of the American Dream, and a decade ago, that dream took on a new dimension, as the housing market boomed from coast to coast Lax lending standards and the excitement around housing starts synthesized even greater demand, particularly for super-sized houses Continue reading →

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Realtor Tip 9: Preparing to Negotiate a Short Sale with the Bank

Posted on March 30, 2012 by John Anderson

Negotiating a successful short sale not only takes a thorough understanding of the short sale process, but also a keen attention to detail to manage the different steps involved The shorted bank is not going to pay them. Continue reading →

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Texas Housing Market is Improving…Maybe

Posted on March 25, 2012 by John Anderson

The bad news: lenders have posted 4,013 homes in the Dallas-Fort Worth area for forced sale at auction next month, according to data from Foreclosure Listing Service Inc The good news: Home foreclosure filings in DFW are down 22 percent for April from a year ago In fact, April marks the 14th consecutive month that foreclosure levels have declined year-over-year. Continue reading →

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Housing Prices to Drop by Nine Percent – Except in Texas

Posted on March 17, 2012 by John Anderson

Housing prices nationwide likely will drop another 9.1% on average before leveling off, according to the latest quarterly market update by Fitch Ratings The agency’s Sustainable Home Price (SHP) model predicts that housing prices still have a ways to go before reaching a level that can be supported by market fundamentals Continue reading →

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More Houses Underwater Means Tough Decisions for Homeowners

Posted on March 7, 2012 by John Anderson

Amidst all of the political wrangling over the state of the economy, new data indicates that the housing market is still suffering, with nearly one in four homeowners underwater with their mortgage. In addition, another 2.5 million homeowners qualify as “near negative equity,” meaning they have less than five percent equity in their home, according to the report Continue reading →

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