Are you considering a Loan Modification?

If you are one of the many homeowners struggling to make your mortgage payments and considering trying for a loan modification, don’t get your hopes up.  To date, only approximately 31,000 homeowners have actually successfully completed a loan modification.  That is only 4% of the actual amount of people who have done the paperwork and [...]

Short Sale Process May Be Improving

The current way lenders handle short sales is very inefficient and frustrating for everyone involved in the process.  It is very obvious to me, as a Realtor, that something needs to change.  The short sale negotiation process currently takes anywhere from 90 to 180 plus days, during which time the house sits vacant and deteriorating.  [...]

Tags: borrowers, buyers, foreclosure, sellers, short sale

$8000 Tax Credit Extended!

MSNBC reported today that the First-time homebuyer tax credit that is set to expire at the end of November, will be extended through April.  All sales contracts will be need to be signed by the end of April and then closed by the end of June.  This is great news for the sagging real estate [...]

Don’t Let Your Home Go Into Foreclosure! Short Sale it!

Amherst Securities Group issued a report suggesting that programs designed to support short sales could be the most effective loss mitigation approach, as they minimize loss severity.  “In all cases, the loss severity on the short sale is 15-20% less than on the foreclosure sale,” Amherst researchers reported.  Amherst researchers also said the Hope-for-Homeowners (H4H) [...]

10 Reasons First-Time Homebuyers should Buy Now

If you are a first-time homebuyer with a job and fairly decent credit, your dream of owning a home instead of throwing away your money in rent can come true.  There are so many incentives available to you that you simply cannot afford to wait.  Below is a list of the top 10 reasons I [...]