How to Buy property Foreclosures Are you looking for any kind of real estate bargains? Then nothing can better than buying foreclosed property. Foreclosures happens when a property owner or home owner cannot pay the mortgage bill on the property and thereby forced to hand over their owned land to pay back what they had. In the present era, the real estate market has invariably taking turn for the worst part. The market has gone...more
Understanding HUD-1 is Critical For the Short Sale (Foreclosure) Investor If you are about to work a short sale or do them on a regular basis, lenders require a offer package that normally includes a purchase contract, a letter of authorization, a hardship letter, a statement of the seller's financials, a listing agreement (maybe), and a properly completed "preliminary" HUD-1 form.I used the word preliminary here because in the...more
Are You Facing a Foreclosure? Buying a house is a big investment. It really puts a dent on your financial resources. Of course, the expenses do not end with the down payment. You still have to contend with the monthly payments for the mortgage. This is a financial situation that you will have to live with for years until you have fully paid off your loan.But what happens if you get behind in your mortgage payments? A delay in payment can have very serious consequences for your mortgage situation. If the delinquency in payments has become too severe then your home could be in danger of foreclosure. A foreclosure means that your property will be repossessed by the lending institution that gave you your mortgage. Fortunately, even if you have defaulted on your payments, it does not necessarily mean that your property will be foreclosed. There are various alternatives to a foreclosure that you can take. Some of these are:Paying the delinquency. Generally, all lending institutions are required to accept all the payments that were delinquent and reinstate the loan. The delinquent payments that you have to pay may also include some legal fees especially if you are already...more
Big drop in Florida foreclosures, but it's only a brief reprieve Although Florida's foreclosure filings continued to plummet in February, dropping about 65 percent compared with the same time last year it's not because the banks want to help you or it's some signal of economic recovery.I continue to be quite concerned about...more
Understanding Florida Foreclosure Mediation Although the foreclosure mediation process has been around for many years, until recently it's been mostly voluntary and not widely publicized to homeowners throughout Florida. Borrowers who are behind on their mortgage payments or are in serious risk of default may not be aware that this...more
Choosing experienced Foreclosure Defense Attorney Though the recession has affected world widely, foreclosure is used by many lenders to sell their real estate. While choosing experienced foreclosure lawyers in California, one must be very vigilant, because in real sense foreclosure is a dreadful situation. A good lawyer is helpful enough to give legal as well as moral support to the client.An expert foreclosure defense attorney can really make considerable difference in the client's outcome on the whole. And it is a notable thing that the house owners who are beginners in this field without discussing an attorney will find it difficult to undergo the processes of foreclosure. Loan modification attorney is a choice to handle the foreclosure case, because it is terrible to lose ones own house to foreclosure. With the ample range of foreclosures that are running world widely, one can understand that there are so many others worrying over the foreclosures as it can affect the economic, social and individual façade.As the actual legal proceedings of the foreclosure in real estate business is much complicated, it is better to choose a loan modification lawyer before the...more
Where Do Short Sale (Foreclosure) Investors Blow It? What is a "Short Sale?"A short sale is a process, whereby the lien holder(s) accept(s) "less than what's owed" to release their lien(s). A lien is a charge (or encumbrance) against a...more
Miami Foreclosures – Getting The Best Deal Easily The Miami foreclosure market offers homebuyers and property investor to acquire a property that is within their budget. With the price drop on properties in Miami, you can easily get...more
In the News Florida courts dismissing many foreclosure cases In the state of Florida if you sue someone but then stop pursuing your case for over a year, the court has the right to dismiss the lawsuit "failure to prosecute. In one...more
Preventing Foreclosure Gwinnett Georgia Like I stated within my other articles, I work daily preventing foreclosure Gwinnett Georgia. Most people I talk to are desperately attempting to halt foreclosure and for nearly all of them a...more
Santa Monica Pre Foreclosure Many clients come to me with questions about the Santa Monica home's distressed situation. Santa Monica pre foreclosure and foreclosure laws are the same as every other city in California.BORROWERS who...more