Category Archives for "Short Sale versus Loan Modification"
Number on way to avoid a foreclosure and the auction of your home is according to Bank of America is – A SHORT SALE!!! A short sale is the a way to sell your home and settle your motgage debt for the less than what you own on it! This is not only a positive […]Continue reading
“I would like to commend Michael Simonini of Showcase Realty for coming to my rescue and helping me favorably part with investment properties I had in North Carolina. In 2006, I purchased a few properties hoping to rent them but, was unable to do so; I found myself paying these mortgages on my own. After several […]Continue reading
With increasing unemployment comes the increase in short sales nationwide. Short sales give homeowners an option other than going through the embarassment of foreclosures, while banks avoid the legal bills and maintenance costs the follow a foreclosure. Short sales usually sell for more and get more money for the banks than foreclosures. In turn, banks often agree to drop […]Continue reading
“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 […]Continue reading
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 […]Continue reading