Category Archives for "Links & Docs"
Great investment opportunity on Charlotte ranch-style home, priced over 50K below tax value! The home comes with three bedrooms, one bathroom, and three parking spaces for only $19,000! For more information, call 704-889-5600.
Click below for property MLS listing sheet:
“Treasury is currently reviewing a proposal to aid distressed homeowners by allowing a short sale of mortgage notes from mortgage-backed securities (MBS) trusts to new investors.” (DSNews.com)
Jordan D. Dorchuck of American Home Mortgage Servicing, Inc. developed the proposal in hopes of making the lives of distressed homeowners much easier with the use of principal reduction modifications. He believes that the plan will reduce the losses and increase benefits for both the investors and the borrowers, as long as it refrains from being driven by consumer demand.
Just when you thought that owning a home in this current market wasn’t the best decision, the Homeowner Reward Co., of PMI Group, Inc. wants to remind you that you did the right thing!
PMI realizes that it’s not the homeowner’s fault that their market was hit harder than most others, so it is now offering the RH Reward to help those who owe more on their mortgage than their home is worth.
Read the article below for more information on the program!
In most cases, short sales are the better alternative for homeowners, rather than going through the devastation that a foreclosure can have on your credit, your family and your future.
There are advantages and disadvantages of both, but the advantages of short sales vastly outweigh the disadvantages, along with outweighing the advantages of a foreclosure. This article from Fox Business compares the two, but only you can make the final decision to avoid foreclosing and go through with the process of a short sale.
Read more by clicking on the link below:
Prospect Mortgage has recently come out with the HomePath Renovation Mortgage. This mortgage is beneficial to those who are interested in purchasing a foreclosure, because as foreclosure sales increase, so does the demand for renovation loans. This mortgage offers up to $35,000 in non-structural repairs and a low interest-rate, making the homebuying process much more appealing.
Click on the link below to read more about this mortgage opportunity in a DSnews.com article.