Buying a home is a difficult task for anyone, but is especially tough for those who have experienced a foreclosure or filed for bankruptcy. It may be difficult, but it’s NOT impossible! Here are some tips: 1.      Wait A While The waiting period after these situations can be anywhere from ...
“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 ...
About a week ago, The Mecklenburg Times turned its focus from the devastation of homeowners in today’s market, to the success of the real estate agents behind the scenes, working their hardest to sell these homes and get their clients the best deals out there. Click on the article below to continue ...
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 foreclosure count in North Carolina has dropped 38% in the last year and 3.5% since April. Here is an exerpt from Charlotte Business Journal’s article:Â N.C. foreclosures down 38% year-over-year “Some 2,689 homes in North Carolina were in foreclosure proceedings in May, or one in every 1,584 households, according to ...
Here is an unbeleivable short sale statistic in an exerpt from the DSNews.com article, HAFA Short Sales up Over 70% in April. “Servicers completed 1,666 short sales and deeds-in-lieu (DIL) of foreclosure under the Home Affordable Foreclosure Alternatives (HAFA) program in April. That’s up 73.7 percent from the 959 HAFA transactions completed ...
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