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Navigating Short Sales: What to Do When the Sale Price Leaves You Short If you’re thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of … Continue reading
Tagged bank repo, bankruptcy, debt, default, distressed, distressed property, finance, for sale, foreclosure, home loan, loan modification, mortgage, mortgage default, mortgage forgiveness act, real estate, repo, reposession, short sale, st tammany
This gallery contains 7 photos.
A ‘short sale’ occurs anytime the net proceeds from a sale of a home are less than the amount needed to pay out the mortgage and any other liens that might be against a property. What You Need to Know … Continue reading
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Are you thinking of selling your House For Sale By Owner? (FSBO) Marketing a house today is NOT the same as marketing it 10 years ago. Even if you did this once before, you have to do so much more than … Continue reading
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Principle and Interest The first item on your house note will be the Principle and Interest (P&I) calculation based on the original amount of your loan. Using a good Mortgage Calculator, simply plug in the current interest rate and the … Continue reading
Tagged amortization, buyers, escrow, fannie mae, FHA, FHA 203k, finance, flood insurance, for sale, freddie mac, home, home loan, homeowners insurance, house note, HUD, insurance, interim fincnce, loan, mortgage, mortgage calculator, mortgage insurance, pmi, pre-approval, pre-qualification, principle and interest, property tax, short sale, st tammany, tax escrow
What’s the difference??? There are three types of home-sales that require you to be Pre-Approved. REO’s (home foreclosures) Short Sales (sale price is lower than the sellers mortgage payout) ‘Relos’ (homes being sold by a seller’s relocation company) Add to that, ordinary … Continue reading
Tagged bank repo, credit score, foreclosure, home loan, loan, mortgage, pre-approval, pre-qualification, real estate, repos, reposession, short sales
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“If I’m not buying a repo or a ‘short sale’, why do I have to be pre-approved?” The answer to this will quickly become obvious once you understand what it means to be a seller in today’s market. In fact, … Continue reading
Besides loving the real estate profession, I love to share with home buyers and sellers what I’ve learned… and continue to learn from each client, each transaction. This real estate blog site is designed to provide you with the latest real … Continue reading
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Have you recently suffered a major financial loss and can no longer afford your house note? Have you already missed one or more payments and the mortgage company is stressing you out with harassing phone calls and letters? Do you … Continue reading
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I am proud to announce I have been awarded the real estate industrys prestigious 203k Specialist certification. By this certification, I am a member of, a nationwide organization of real estate, lending, and home improvement professionals working in partnership with Lowes, … Continue reading
Tagged covington, distressed, FHA 203k, finance, for sale, home, la, loan, lowes, mandeville, mortgage, real estate, rebuild USA, renovation, repair loan, repo, short sale, slidell, st tammany
Why you need a Real Estate Consultant, not just another Agent. . . I am a full-time real estate professional. As such I will share with you in-depth knowledge of the local real estate market in order to help you … Continue reading
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I’ve had the privilege to work with some wonderful clients. Included are letters from just a few of them. . . . . It was a bumpy road, but so worth it!! My husband and I had been trying to … Continue reading
Reprint from The Mortgage Professors Website, April 19, 2004, Revised November 28, 2006, October 2, 2007, Reviewed April 10, 2011 — © 2011 Mortgage Professor The cost of using funds in a 401K as down payment should be compared with … Continue reading
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The following is a reprint courtesy of HUD.Cov, US Dept of Housing and Urban Development The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool … Continue reading
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Have you had a bankruptcy in the past? Had debts that went to ‘Collection” and were written off? Do you think because bill collectors don’t call anymore, it’s all forgotten? Wrong!! Not only is it not ‘forgotten’, you have to … Continue reading