From the category archives:

Avoid Foreclosure

Before You Let Your Home Go Back to the Bank

Fannie Mae has launched a new website to help homeowners who are behind on their mortgage payments. The website, www.knowyouroptions.com has useful information and resources to help home owners avoid foreclosure. The goal is to help homeowners stay in their home, if that is what they choose or sell it. The main point to [...]

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FED Boss: Regulators Looking Into Foreclosure Mess

The government needs to step up and get this one right. The foreclosure problem is not going away any time soon; in fact, it will be around for several years. The incidents of wrongful foreclosure are vast. As one bank was taken over by another and that bank merged with yet another bank, paperwork [...]

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Facing Foreclosure? With Document Scandal, It’s Vital to Act

Facing foreclosure? With document scandal, it’s vital to act The foreclosure document scandal is a monumental mess. For financially distressed homeowners, being notified that their mortgage company is lowering the boom and seizing their home is now compounded by the question of whether the firm even has the right to foreclose. Allegations have arisen that [...]

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When Bad Financial Times Happen to Good People

I have recently tried to help several homeowners try to stay in their homes amidst trying financial times. Family A has been in their home for 20 years, they have raised their family there and lovingly maintained it. Recently a job loss and major medical problems fell on this family and they could no [...]

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Setting Clear Expectations Helps Create a Streamlined Short Sales Approach

Short sales are not for the faint of heart of heart or for the buyer who needs to be in a home in a specific time period. Short sales are for buyers wanting to buy a home below market value. The difference between a foreclosure and short sales are numerous but the most [...]

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Bank of America Suspends Foreclosures in 23 States

For those Realtors who work with short sales and helping home owners in financial distress modify their loans, we know the nightmare maze you have to go through to work with many banks. It is not uncommon to have presented the bank with a good contract and have the house foreclose before the short sale [...]

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Company Profile: Bank of America Home Loans Works with Real Estate Professionals to Offer Buyers a Better Purchase Experience

The housing market is showing signs of life. Historically low interest rates and greater home affordability in many areas are beginning to attract prospective home buyers to the market. And with a slow yet steady economic recovery, consumers and real estate professionals are positive about opportunities for today’s first-time and repeat buyers. Enabling Success With [...]

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The Number Of Underwater Mortgages Could Reach 20 Million By 2012

The number of homes in default is growing everyday. Some people have legitimate financial hardship, divorce, death, illness, job loss but many homeowners are just mad that their home is no longer worth what they paid for it. Some borrowers just walk away from their obligaton for no apparent reason. I do not deny [...]

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Homeowners in Financial Trouble

So many homeowners find themselves in dire financial straits. From job loss to illness the reasons vary. No one buys a home expecting to not pay the mortgage and not meet their financial obligations but somewhere along the way…life happened! The banks enacted several programs to try to help homeowners first and foremost now [...]

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New Government Initiative To Provide Aid To Jobless Homeowners

A new government initiative targeting unemployed homeowners facing default debuted in July, just as the unemployment rate took a slight dip. Under the Home Affordable Unemployment Program, eligible homeowners who aren't being served by HAMP will get some temporary mortgage relief, with an opportunity to be considered for HAMP once they meet certain criteria. Starting [...]

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