Tips on How to Write a Short Sale Hardship Letter
A letter of hardship is a statement written by a debtor that main goal is to convince a bank or mortgage institution to agree to a short sale of an asset or property. A short sale is the sale of an asset or property for less than the value of mortgage or loan. This sale [...]
How to Purchase Your Home at a Cheaper Price
First-time home buyers facing financial constraints sometimes abandon their plans to buy a home. By identifying a foreclosed property, you can often buy a house at below market prices and with little initial cash down payment. Foreclosures homes are simply homes that have been repossessed by the bank or by a government agency due to [...]
Important Points to Remember While Buying Foreclosed Houses
Foreclosed houses are repossessed by the lenders when the mortgagor meets payment default thereby losing the mortgaged house in the hands of lenders. Lenders recover the due debts by auctioning the foreclosed house and the winning bidder is given certificate of purchase by the lenders.
Foreclosure houses for sale can allow the potential buyers to [...]
Desperate for Money? Try Asking!
The economy stinks, you’ve lost your job, and you can’t make your house payment. Maybe it’s not quite so dire: you need a new pair of glasses or some dental work, and your insurance plan won’t cover it. Or perhaps you’re a college student and you want to finish up your degree without accumulating [...]
Free Foreclosure Listings: You Get What You Pay for
All too often, someone thinks that they can get rich in foreclosures without much effort at all. They figure the first step is to find a foreclosure through some sort of foreclosure listing website, and that will be their key to unlocking fortunes in the foreclosure market. They are too cheap to pay for some [...]
Discover the Secret behind Increasing Popularity of Bank Foreclosure Homes for Sale
When the homeowner or mortgage loan borrower fails to make three consecutive EMI payments the lender is legally entitled to require the borrower to pay off the entire principal unpaid balance. Now, if the owner is unable to make payment, the bank forecloses on the property in an attempt to repossess it and the property [...]
Are Paid Foreclosure Listings Really Worth It?
If you are just getting into the foreclosure market, you will notice that there are a few different types of foreclosure listing services. Paid and free. You obviously want to minimize your costs, so you start off by searching through the free foreclosure listing services first. How can it cost you anything if it is [...]
Common Mortgage Terminology Explained
Acceleration - This refers to a lender’s right to request immediate payment of the balance of the loan when the borrower defaults or by using a stipulation from a Due on Sale Clause
ARM / Adjustable Rate Mortgage - A mortgage that has an interest rate that is periodically adjusted. This adjustment is based off of [...]
Real Estate Investing - The Top 10 Financing Mistakes
As a mortgage broker that works exclusively with real estate investors, I have encountered just about every crazy and botched financing scenario that you can imagine. Over the course of the years, I have kept a list of the crazy things that investors do (it’s quite long) and today I’ll share the top 10 with [...]
5 Amazing Tips To Find Your Dream Dublin California Real Estate House At A Bargain
Before I go into helping you to find your dream Dublin California real estate house, there’s some common home buyers mistakes I want to address. Don’t always think that if you are buying a house you can be protected by just using a “Buyer’s Agent”, or a mortgage broker who will “find them the best [...]
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