Life After Foreclosure – Excess Proceeds
Life after foreclosure does exist, and there may even be an opportunity to get some money back into your pocket. While not available in all cases, a homeowner that has equity in their house at the time of foreclosure, meaning they owe less than the house is worth, is entitled to the Excess Proceeds of […]
Mortgage Forgiveness Debt Relief Act May Get an Encore
In less than four months one of the clearest safeguards for Arizona’s distressed homeowners attempting a short sale is set to expire. The Mortgage Forgiveness Debt Relief Act of 2007 (“Act”) has made the choice between short sale and foreclosure a much easier one to make, and it may just stick around for an additional […]
First-time homebuyers struggling amid recovering market + MORE
Some interesting first-time home buyer and mortgage settlement news from around the country. Be sure to read the mortgage settlement article, as it talks about how state legislators are going after lenders to make it more difficult for them to foreclose on homeowners. First-time homebuyers struggling amid recovering market – implode-explode.com South Florida’s housing […]
Great News! New Federal Guidelines Will Make Short Sales Shorter
[fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”] One of the biggest draw backs for a short sale is the amount of time it takes to get approval from the banks servicing the loan(s). In extreme cases it can take […]
