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How A FEW Are Profiting HUGELY From A Government Sweetheart Deal
If you haven’t been getting much success with a modification and wonder why-maybe this video will help explain things. As an agent who works really hard to keep people in their homes FIRST, I found this very upsetting. I can tell you many many people who would have stayed in their homes, albeit at a reduced payment if they had some payment relief. Instead, lenders foreclosed... [Read more]
What Happens When They Come For YOU
While this posts title is just a play on the TV show COPS, it is possible that if you sell a home short or have a foreclosure that results in a loss, that the lender could pursue a deficiency judgement. In MN, they are doing this more often. The LAST thing I am giving anyone is tax or legal advice. Just be aware of the fact in MN, lenders can choose how they foreclosure. A judicial... [Read more]
Items Necessary to Submit a Short Sale Package
Just because you owe more than your home is worth does not mean that you will be eligible to do a short sale. The key is being able to show that you qualify based on a acceptable hardship. The lender needs you to explain your situation in a hardship letter. With that, there are items they will need. These items include the following: A financial statement showing what your current... [Read more]
Minnesota Deficiency Judgements Due To Mortgage Defaults Appear To Be Increasing!! Be Careful!
I recently read an article about the banks pursuing judgements after a short sale or foreclosure. The Minnesota home ownership center is FANTASTIC. They have lots of great information. Here is the link to their article: Minnesota Home Ownership Center: Sued - After A Foreclosure Powered By WP Footer Read More →
Open Source Documents-Unbelievable Resources-Find YOUR topic of Interest
If you’ve never visited http://www.Archive.org, you are missing a wonderful site. From this site, you will find many resources that are out of copyright and you can download and use them as you wish. You will find all the classics and some fun things as well. Just for fun, I have the download of a book called “Little Gardens” which is a book about setting up a garden... [Read more]
FHA Loss Mitigation Options For Those With FHA Loans
Here is the latest FHA Mortgagee letter that explains what options are available for people in default with their FHA mortgage. There are options, you need to explore them if you are in danger of losing your home. FHA Loss Mitigation Powered By WP Footer Read More →
Sell Your Home Faster-Learn The Home Selling Secrets Of Successful Sellers
Here is a special report that outlines over 450 ideas on how to sell your home faster. This report is just one of the many home buyer, home seller, and investor reports that I can make available to you. Read this report and call me to arrange a time to see how I can help. Download Now Powered By WP Footer Read More →
Homeowners Assistance Program-Department Of Defense
http://hap.usace.army.mil/ Look at this-From the website: The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial loss... [Read more]
Financial Help for Homeowners Displaced by Foreclosure
New Pilot Program for Former Homeowners in Dakota, Ramsey and Washington Counties The Minnesota Home Ownership Center is pleased to announce a new pilot program that may assist families AFTER the foreclosure of their home with up to $2,500 to relocate and secure alternative housing. Funding for this pilot program has been provided by the Saint Paul Foundation Community Economic Relief... [Read more]
Real Estate Investing-Everything You Need To Know!
I came across this e-book and I wanted to share it with you. I thought the information was useful, the rolodex link in the back of the book with investor resources was incredible. I think you will enjoy it-it is a pretty light read. If you get all fired up and want to start looking for property, just give me a call. Powered By WP Footer Read More →
Making Home Affordable
Recently the government published an update to what had come out earlier in the year. This new report shows what is being done to help homeowners sell their home or make an arrangement with their lender. Download the report at this link. This should make the process of coming up with a solution that much easier, now that they have defined the guidelines better. http://www.treas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf ... [Read more]
Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure
This is FANTASTIC NEWS!!! FINALLY, they are establishing minimum requirements on resolving the short sale procedural process. Here is the link to the government news release: https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf Short Sales have been difficult to close, and these new measures are a huge step in the right direction. One major highlight: A lender must give a... [Read more]
RECENT News Release: Legal Service Plans Can Benefit Homeowners Facing Foreclosure
Pre-paid legal recently had a news release that explains how their service may benefit homeowners who are in distress and facing a foreclosure. We sell the PPD Pre-Paid Legal service plan at our website https://www.prepaidlegal.com/Multisite/Multisite?site=hub&assoc=mazzara You probably want to look at the family plans unless you are a small business. You can visit the site, watch... [Read more]
Extension And Expansion Of Home Buyer Credit-4/30/2010
A Big WOW!! The credit has been expanded to include homeowners who have owned their home for the past 5 years. No longer do you need to be a first time buyer. The dollar limit is $8000 for first time buyers and $6500 for move up buyers. This GREAT news. Combine this with 50 year lows in interest rates, and you’d be crazy not to consider making a move. If you feel secure... [Read more]
Why Foreclosure Is Often Preferred By The Loan Servicer Instead Of Offering A Loan Modification
Have you ever wondered why a foreclosure occurs when a better solution might have been a modification? Would you like to read the facts and figures and see how mortgages are bundled, sold and serviced? You will soon see it is isn’t pretty, we are in the midst of a crisis, and it is likely to get worse before it gets better. That being said, you can probably guess why-it’s... [Read more]
Home Buyer Tax Credit Information Update
It’s now official!! The tax credit has been extended and expanded. YOU NEED TO HURRY! You now have until the end of April 2010. The following summary of the credit is provided by the National Association Of Realtors. The following two documents cover the changes in the new law. Now get out there and buy a home!! NAR FAQ: Homebuyer Tax Credit Changes NAR Issue Brief: Homebuyer... [Read more]
Freddie Mac Foreclosure Prevention
Are you wondering what the government has to offer as far as resources? Here are a couple of links that will hopefully help you make the right decision. There MAY be options that will help you avoid a foreclosure. http://www.freddiemac.com/avoidforeclosure/ http://www.freddiemac.com/avoidforeclosure/stop_foreclosure.html Powered By WP Footer Read More →
Postponing a MN foreclosure-New Law
MN allows a foreclosure to be postponed, but there is a tradeoff-shortening the redemption period. This may help someone who is able to get back on their feet and catch up with the back payments. Click Here Powered By WP Footer Read More →
Minnesota Real Estate Newsletter Gives Access To Great Computer & Life Tips
I maintain a number of real estate sites, blogs, and newsletters. One newsletter that provides a number of computer tips to help you function better with a computer is http://www.REcyber.com/cybertips/r11627 The site is full of cyber space tricks and great places to visit. We have link to this site on the list of MN Real Estate links, but I wanted to highlight this particular newsletter... [Read more]
Buy A Minnesota Investment Property With Confidence
RE/MAX has put together a “how to guide” on how to buy investment property. Since knowledge is power, get the guide and brush up. It’s your money-get the information you need to become a successful Minnesota investment property investor. Powered By WP Footer Read More →
Foreclosure Secrets-Watch-Listen-Learn Webinar On Buying Foreclosures The Right Way
As a Twin Cities Realtor, I work and market homes within the area of distressed homes as well as the non distressed home marketplace. I work with a group of banks, investors and Realltors that market, sell and invest in foreclosed homes. Many people approach me to buy a foreclosure propery as either a primary residence or as an investment. I would like to make one thing perfectly clear-BUYING... [Read more]
