2011 Could Be The Worst Year In The History Of Real Estate Man, am I glad that I don’t rely solely upon real estate for an income. In fact, I’m really glad we began to diversify when we did. By most accounts, 2011 might be the worst real estate market we’ve seen in a long [...]
Protester Screams At Foreclosure Hearing It looks as though another bitter homeowner has seen fit to disrupt the proceedings of another Senate Banking Foreclosure hearing. The man in question was escorted out of the building as he was yelling for other homeowners to “Tell your story!”. Maybe when they “tell their story” they will include details [...]
Short Sales, Foreclosure, Deed In Lieu of Foreclosure, Strategic Default Impact On your Life and Credit The economy is struggling back from the lowest point in our history since The Great Depression. The real estate market is 20 to 40 % off its highs in the year 2005. You purchased property and it is now [...]
Mortgage Refinance No Closing Costs or a Mortgage Loan Modification? Which one of these strategies are you going to utilize to stay out of foreclosure. For a mortgage refinance with no closing costs you are going to need a home that appraises, more than likely good credit and a good and experienced mortgage broker who [...]
Obama Mortgage Foreclosure Program A Complete Flop Obama’s program to stop foreclosures is failing miserably. Nearly 50% of those seeking help are realizing the hopelessness of the program and are opting out. Many who are in foreclosure are realizing that the Obama administration had little more than a campaign pip dream of an idea and [...]
Florida Attorney General Announces Investigation Of Law Firms Handling Foreclosures The Florida Attorney General’s office announced that it is investigating a few of the largest foreclosure mills operating within the State. These law firms, which represent some of the biggest lenders who are foreclosing on homeowners, have been accused of “rubber-stamping” foreclosures for years. We [...]
George Sinacori is a real estate broker in South Florida and he penned this post as a guest author of Real Estate Radio USA. He brings decades of experience and knowledge to his real estate writings. At the end of the day there’s just not enough money! The cost of gas, food, everyday living expenses [...]
Do you gamble? Well if you’re any good at it you learn that “playing with the house’s money” means you essentially are playing for free. You see since you have had some winnings, the ideology is that it doesn’t cost you anything to play since it is technically money that wasn’t there to begin with. [...]
Short Sale Tip # 4: Property Improvement & Repair Estimate Report When things go bad…they usually go real bad. If a homeowner has not paid his mortgage in many months, it is likely that the house has been neglected. If funds were not on hand to pay the mortgage, then it is probably safe to [...]
Short Sale Tip # 5: Homeowner Financial Package Now that you are asking for a reduction in their payoff, and after you have submitted a real tear-jerker of a Hardship Letter, the bank wants to see how the hardship has truly affected the homeowner financially. The homeowner needs to provide you with the following information: [...]
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