We don’t really anticipate seeing many foreclosures this year because the banks are beginning to work with their customers to stave them off. This year will see short sales. The Alt-A loans are almost all gone and now what will be coming up are some loans that should affect our market. The people who purchased homes in the mid to late 2000’s and who took out ARMs of 5 or 7 years are going to see them resetting this year. If they reset now, they’ll reset for lower then the original rate for the first year only.

Are you wondering why you can’t get your loan modified? Are you wondering why every time you call they can’t find your file? What about the voices of the people you’re talking with, do they have strong accents making it hard for you to sometimes understand them?

So you are a buyer in a buyers market – what an excellent time to be in the market to purchase property! Inventory is available and sellers are looking for you, however there are still items you need to watch out for to protect yourself and to make the most of your home-buying investment.

Continuing from the article I wrote last week about the 7 Most Dangerous Short Sale Myths, here’s the last 3 for your education.  I am here to assist you in helping you prevent a short sale of your property.  But if it is necessary to go that route, let a CDPE expert help you.
5. Listing [...]

Don’t let one of these dangerous myths land you and your family in Foreclosure
A short sale can be an excellent solution for a homeowner who owes more on their home than what it is worth and has to sell. Unfortunately a number of myths about short sales have developed and is important you understand the [...]