The Foreclosure Rescue Trap
July 25, 2011 by admin · Leave a Comment
The Foreclosure Rescue Trap The foreclosure rescue being perpetrated in various predatory real estate practices is aimed at vulnerable, often low-income, minority homeowners facing foreclosure today. When a homeowner falls behind on his mortgage payments and enters a foreclosure path, the foreclosure notices are published in newspapers and their faith is displayed in the public [...]
Would You Pay For A House $150,000 More Than What’s Worth? YES? NO?
February 28, 2011 by admin · Leave a Comment
Do you realize you were buying your house again and paying over $150,000 more that what’s worth? My client was astounded hearing me say that. . Yes, in a loan modification, you are agreeing to a brand new loan. . you are buying your house again. . but this time you are paying $150,000 more [...]
Chase Bank Short Sales — Steps To Take When Applying For a Short Sale
February 10, 2011 by admin · 3 Comments
When you are contemplating a short sale with Chase, the few steps you must take are as follows: Remember, a short sale is not a right that you are entitled to . .it is simple a way for Chase to resolve your case if a hardship prevents you from making you mortgage payments, A [...]
TV Interview About Short Sales and the Ramifications – What You Should Do?
From time to time we are contacted by news organizations for an interview. Such was the case yesterday. They were very accommodating and came directly to me for a 30 minute interview were I pointed out the problems with loan modifications, my eBook www.AdiosLender.com and the future of young buyers that I label them as [...]
How Can A Short Sale Affect My Credit? For MD and VA Homeowners
February 3, 2011 by admin · Leave a Comment
You will suffer some damage to your credit report with a short sale . . there is no way you can protect yourself 100% from this. . But there are ways how you can avoid the maximum penalty that your credit rating could suffer In general, here’s what happens: A short sale will not be [...]
