Foreclosures
Low interest rates, low prices, easy terms – Time to Buy a Home!
“The mortgage industry has stabilized, everybody knows the rules, and the criteria for mortgage loan pre-qualification is consistent,” states Sonny. These days there are a wide range of mortgage loans you can choose from; 10-year, 15-year, 20-year, 30-year, 40-year and even 50-year mortgages. These loans are completely amortized, which means that the debt is reduced [...]
Read Full Post | Make a Comment ( 2 so far )What is a ‘deed in lieu of foreclosure’?
During this Great Recession, as many as one in five American home owners have found themselves unable to keep up with their monthly mortgage payments. The first line of defense for most of these folks has been to pursue a loan modification. However, since a loan modification is based on the borrowers ability to make [...]
Read Full Post | Make a Comment ( 3 so far )What is the Foreclosure Freeze and How Does it Affect Real Estate Sales?
UPDATE: As of 10/19/10, both Bank of America and Ally Financial have lifted their Foreclosure Freeze, saying that they didn’t find any significant problems with the foreclosure documents. The Foreclosure Freeze is big news, not only locally, but nationwide. Two of the nation’s largest banks have stopped foreclosures in some states; Chase and PNC Financial. [...]
Read Full Post | Make a Comment ( 3 so far )Avoiding Foreclosure
Sally Frampton and Brenda Pintabona, real estate agents associated with Century 21 M&M in Northern California, are in the business of helping people. As Realtors, they both love helping people find their dream homes. However, due to this recession, Sally and Brenda find themselves helping people in unexpected ways. Every day they are reaching out [...]
Read Full Post | Make a Comment ( 1 so far )Waterfront Homes in Northern California at Bargain Prices
Also unheard of is the dramatic drop in the price of waterfront properties. Waterfront listings that are selling, range from $450,000 to $1 million. It has been 20 years since you could buy something on the water for $450,000.”
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