I Owe More Than My House is Worth
I OWE MORE THAN MY HOUSE IS WORTH AND I AM WAITING ON THE BANK TO THREATEN FORECLOSURE --- WHAT CAN A HOMEOWNER DO?
The United States is going through one of the worst recessions since the Great Depression. Bankruptcy filings have increased, unemployment is high and home values have decreased exponentially since 200...
Mortgage After Foreclosure, Bankruptcy and Short Sales
Mortgages and are significant issues for my debt clients that are facing foreclosure, bankruptcy or considering a short sale for their home. When one of these events happen, there are general rules of thumb of what will happen if you seek a mortgage and when you might be able to qualify for a mortgage.
results in the longest waiti...
What is an Indiana short sale for real estate?
Economic times in the United States are as hard as citizens have experienced in decades leaving homeowners to consider an Indiana short sale to sell their home. While the stock market rises, home values continue to decline and, contrary to the belief of many, home sales remain stagnant. As many Indiana realtors will tell their se...
What is a REO property?
When considering real estate listings, many people will wonder what a "REO property" is. REO stands for 'real estate owned'. It is the term used to describe a home or property that is in the possession of a lender as a result of a foreclosure. That means the foreclosure has already taken place, a sheriff sale has resulted in ...