Today in the United States there are more and more homeowners facing the devastating financial challenge of foreclosure. Many times it can be avoided. Here are a few options besides foreclosure, along with a short explanation of each.
Reinstatement: This option is extremely simple, but the most difficult. The homeowner asks the mortgage company the total amount owed and [...]
There is so much misinformation out there these days about Short Sales. While this transaction may be a somewhat complicated process, here are the three very uncomplicated things lenders are looking for to see if you qualify:
Financial Hardship: This is defined as a verifiable reason that has or will cause you to miss a payment, [...]
If you are a first-time home buyer, before you even look at houses for sale, the most important thing you can do is figure out exactly how much you can afford on a mortgage payment per month. This will save you wasted time and the disappointment of looking at houses that you may later learn [...]
In today’s market, sellers who have kept up with all of their home’s maintenance needs are finding themselves in a much more enviable position than a homeowner who has neglected theirs. The reason for this is the market change from a “seller’s market” of just a couple years ago to the current ”buyer’s market”. Buyers are no longer saying yes to the [...]
If you are in the enviable position right now of looking to buy a home, enjoy the current market: the buyer’s market! Many folks that have to sell their homes right now are happy to start a dialogue with a potential buyer, so arm yourself with any and all information to get the best deal possible!
Right now [...]
There really is some very good tried and true advice for a seller when they are staging their home for prospective buyers. The following are things that sellers have done mistakenly assuming that it will help them to sell their home, but all it did was cause them to miss their chance to make a great first impression. Never do [...]
If you are planning to become a first-time home buyer, the following information about what occurs during a closing will keep you in-the-know.
When you are ready to make an offer on a home, it is good to make an offer that is 10% less than the asking price. This will give you plenty of room to negotiate with the [...]
Sometimes sellers lose sight of what is most important to a buyer. Making that good first impression is so important since you usually only get one chance during that first showing. Remember to focus on the following and you should have an offer in no time:
Spruce up that entryway, or change it to appear more [...]
