Foreclosure Process
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Living for Free: Families Staying in Home for Months or Years While Foreclosure Process ContinuesA strange new trend is emerging as foreclosures are rampant across most areas of the country, People staying in their homes long after they have stopped paying their mortgage.
Mixed Views on the Florida Foreclosure ProcessThere are mixed views on whether Florida should move away from the judicial foreclosure process in an effort to speed up foreclosures.
Bank of America Offers Up to a $20,000 Incentive for Homeowners Choosing to Short SaleBank of America is offering incentives for homeowners in Florida that are facing foreclosure in an effort to speed up the process that is delayed by the judicial foreclosure process throughout the state.- Florida Reevaluates Foreclosure Program and Judicial Foreclosure ProcessFlorida is reevaluating its mandatory foreclosure program and is looking into moving toward a non-judicial foreclosure process in the near future.
8 Questions to Ask Before You Put an Offer on a Short SaleA short sale is a home for sale, contingent on receiving approval from the lender(s) to sell the home for a price that falls short of the amount owed. If you are considering putting an offer on a short sale, here are eight questions you should ask first.- Loan Modifications Help the Homeowner & the BankThe government is increasing pressure to modify mortgages. Homeowners get lower mortgage payments. Financial institutions get new proof of being Mortgage Note holders.
How to Negotiate a Real Estate Short SaleShort sale negotiations begin with mortgage default. From there, you will put together a package that proves to the bank that you have exhausted all financial resources available -- in an attempt to keep the mortgage current.
The Foreclosure Process: Homeowner PerspectiveThe foreclosure process begins with mortgage default. After mortgage default, the foreclosure process is divided into the three separate stages of pre-foreclosure, foreclosure auction, and real estate owned.
The Real Estate Short Sale: Answers to Essential QuestionsThe short sale is the latest trend in the housing crisis that comes with its own consequences and is subject to several variables. Here are some basic answers to questions regarding short sales.
Ten Steps to Purchase a Short Sale Home in Today's Real Estate MarketThis article outlines 10 steps to complete a short sale and shares insight learned during the process of purchasing a short sale real estate property in 2009-2010 in Florida.
How Does a Short Sale Work and Can it Prevent Foreclosure?How does a short sale work is an important question for homeowners facing foreclosure. This special option can help borrowers reduce the stress and financial impact associated with having real estate repossessed by their lender.
How the Foreclosure Process WorksWhile the foreclosure process varies by state, mortgage lenders follow similar protocol that begins when borrowers default on their real estate loan. Lenders can commence with foreclosure action once payments are 31 days delinquent.
Short Sale Process - Top 10 Most Frequently Asked QuestionsDue to the economic conditions in the housing industry consumers are looking for alternative solutions to avoid foreclosure. There are several options to choose from but in order to make the right decision for you and your family.- The Foreclosure Process:In today's economy, foreclosure is becoming more and more commonplace. Here is an easy to understand explanation of what it is and how you can stop it.
- Use the Loan Modification Technique to Avoid Mortgage DefaultPay attention to this technique to avoid going into mortgage default or extra difficult financial times because of interest rate adjustments.
- The Tax Foreclosure Process and How it Differs from the Mortgage Foreclosure ProcessSome homeowners experiencing double-digit percentage increases in their yearly tax burden, even as they are working fewer hours or taking pay cuts will inevitably come to realize that they can no longer afford to keep up
- How the Nonjudicial Foreclosure Process Discourages Homeowner Defenses in CourtIn nonjudicial foreclosure states, homeowners who believe they can fight back against the process face an additional challenge that borrowers in judicial states do not have to deal with.
- Everything You Need to Know About the Foreclosure ProcessFrom the first missed payment through the auction, everything you need to know about the foreclosure process.
- Can a Mortgage Short Sale Stop Foreclosure?When perfectly orchestrated, mortgage short sales benefit all parties involved. Borrowers are released from their loan by selling their house. Banks recover most of their investment money, and buyers purchase properties below market value.
- Understanding the Foreclosure ProcessForeclosure can be a difficult time, but understanding the process will help the transition go smoother.
- Understand the Foreclosure Process and Players InvolvedA layman's description of the foreclosure process, who is involved, and resources available to help you through it.
Short Sale Success for Sellers & InvestorsHelpful information on short sales in real estate in the current market - tips on making sure a short sale is right for you whether you are selling to avoid foreclosure or buying to get a good price.- What You Need to Know About the Foreclosure ProcessAn overview of the foreclosure process, and how it can be avoided.
Short Sale Alternatives: When the Bank Won't Accept a Short SaleShort sales are more and more common today as the foreclosure rate and default rate on home loans rises. But, what do you do when the lender says "No" to your short sale?- Understanding the Foreclosure ProcessWhen faced with losing your home, you will want to thoroughly understand the foreclosure process and do everything you can to prevent it from happening
- Learn About the Foreclosure Process and What You Can DoThe foreclosure process and what to do if you are in foreclosure.
- Who Can Qualify for a Short Sale?You may have heard that short sales offer a way out of mortgage debt. The question is whether it will help you in your own mortgage crisis. If you have a true need, chances are it will.
- Advantages of Short Sales for HomeownersShort sales offer homeowners new ways to manage the loss of a home due to financial problems. They also give the homeowners advantages over other ways of dealing with the situation.
- Deficiency Judgments According to Florida LawThe criterion for entry of a deficiency judgment in Florida is determined on a case by case basis in front of a judge.
- The Ugly Future of Real EstateDon't be fooled into believing that real estate prices have bottomed.
- The Private Mortgage Note BusinessPrivate Mortgage notes are created when a person selling their home finances the buyer, better known as seller financing.
- What is a Short Sale?Short sale is a way for financially distressed homeowners to get out of the home with minimal damage to their credit. In other words, a short sale is a step between foreclosure.
- The Truth About Short Sales - BuyersLearn 5 important facts buyers should keep in mind before placing an offer on a short sale.
Foreclosure Relief: Too Little, Too Late for Most!This article will announce the recent settlement gained by the Department of Justice on behalf of military personnel who had their properties illegally foreclosed.- Federal Legislation to Consider "Prompt Decision for Qualification for Short Sale Act of 2011"The Short Sale Act of 2011 was introduced by Congressmen Tom Rooney (Rep.) of Florida and Robert Andrews (Dem.) of New Jersey. The primary goal of this bill is to mandate a 45-day deadline for lenders to approve or disapprove short sale requests.
- Will My House Qualify for a Short Sale?Know what to look for before deciding to sell your house as a short sale. Are you able to qualify for a short sale?
Short Sales for BeginnersHow the short sale process works, how to submit a short sale and why banks accept short sale offers.
What You Should Know About Short Sales in the Washington AreaSome of the basic things you should know about short sales and some things most people don't
How to Write a Hardship Letter for a Short SaleHave you been asked to submit a hardship letter for a real estate short sale but have not a clue as to what you should write? This article will help you organize your information and write a great hardship letter for a real estate short sale.- Relief for Short Sale HomeownersThe short sale process starts with the homeowner placing their home on the market with an agent and then presenting the bank with the highest possible offer obtained
