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Short Sale Incentives by Major Lenders

Posted on 29 Jul, 2011 by admin

Who has the note to your mortgage or who is the one that is servicing it? Major lenders ALL across the board are offering incentives to homeowners who pursue a short sale. Is your lender one of them? Below is a list of some of the major lenders across the country that are offering perks to homeowners, and the details of their incentive programs. Some of the other lenders

Simple Explanation of the Mortgage Forgiveness Debt Relief Act

Posted on 21 Jun, 2011 by admin

The expiration of the Mortgage Forgiveness Debt Relief Act can be somewhat confusing. In fact, if you asked 9 out of 10 homeowners, they may not even know what it is, much less how to explain the benefits of taking advantage of it, or consequences of not taking advantage of the opportunity. Let’s start with the simplest explanation possible, then expand and explain further. SIMPLE EXPLANATION: When you decide to

Ticking Time Bomb? Mortgage Debt Relief Act Expires before you know it!

Posted on 27 Apr, 2011 by admin

When it comes to the relief of debt, you will need to make a swift decision on what course of action you will pursue. One one hand, you might want to hold on to your property for sentimental value. On the other hand, you might want to look at the decision with your property as a business decision. HERE ARE THE FACTS: Up until December 31, 2012, taxpayers that

The road to economic recovery starts with…wait for it…Black Friday

Posted on 11 Nov, 2010 by admin

Yes, it’s now been said. Is it possible to take the analytics from the largest shopping day of the year and parlay that to how the road to economic recovery is paved for the next calendar year? It certainly is possible. Consumer confidence is all about how fast and where discretionary income flows. The holidays bring out the best offerings and none better than Black Friday. People across the

Listening to the media? What does it all mean?

Posted on 7 Oct, 2010 by admin

How does all the foreclosure news in the media affect those of us in Arizona? It really doesn’t. Two terms you will need to know when deciding if this affects you as an Arizona homeowner: Judicial foreclosure, Trustee Sale foreclosure. Arizona uses a Trustee Sale for their method of the foreclosure process. When a property is auctioned off, it’s done through trustee sale. The majority of the foreclosure buzz

Banks Repossess US homes at a record pace

Posted on 19 Jul, 2010 by admin

If you were running the US Government, and had the choice on how to resuscitate the Real Estate housing economy, how would you do it? Would your answer be 1) to have the lenders repossess homes, that will eventually go back on the market at a slashed price in order to sell them fast, or 2) would you force the lenders to take a reasonable offer at or near

Exhaust all options prior to foreclosure, or should I just let it go?

Posted on 19 Jul, 2010 by admin

We speak to people every day that have it embedded in their mind to just let their property go to foreclosure. One of the main reasons for this, is they don’t know the options in order to avoid foreclosure in the first place. The biggest item of consideration with this decision is the impact on credit. A foreclosure has a very aggressive impact on credit, both immediately, and in