Archive for the 'Foreclosures' Category
Do I Qualify for a Short Sale in Bryan College Station? Don’t Let Them Foreclose!
November 17th, 2011 categories: Foreclosures
http://www.cdpe.com/faqs Frequently Asked Questions about a Short Sale in Bryan College Station, Tx. The one reality about today’s housing market is that many people have more questions than answers. The following information is intended to help you or someone you know better understand your situation. Do I qualify for a short sale? The qualifications for a short sale include any or all of the following: Financial Hardship – There is a situation causing you to have trouble affording your mortgage. Monthly Income Shortfall – “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage. Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage. What is a mortgage modification? A mortgage modification is a process through which your mortgage lender changes any or all of the following: Your interest rate Your principal balance (through a reduction) Your loan terms (example: from an adjustable to a fixed rate) This process can allow borrowers to stay in their property when they can no longer afford their current mortgage payments. Why would a lender modify my mortgage? Lenders have realized that in some cases it is better...| Discussion: Your Comments Please »
We BUY a HOME and Lose the HOUSE to Foreclosure in Bryan College Station, Tx
November 3rd, 2011 categories: Foreclosures, Short Sales
Working with buyers and sellers of the Brazos Valley I have learned that we BUY HOMES but when we lose them to foreclosure they are now just HOUSES. We want to move into a HOME for our families but when times get tough and someone gets behind on their home mortgage the bank only considers it a house - an asset. So, if you have gotten behind in your home mortgage and you have not been able to successfully complete a loan modification the bank is going to start down the foreclosure path. Of course you may be able to bring your loan payments up to date but otherwise your options are very limited - there are no more loan options that allow you to stay in the house. At this point our goal changes. It goes from helping you keep the home and changes to giving you more control over how you leave the house. WHAT IS A FORECLOSURE? When someone does not make their loan payments following the agreement made through the loan documents then the bank will foreclose taking back their asset. Foreclosure is a LEGAL process. During this process the lender (one who owns the mortgage) sells the property to...| Discussion: Your Comments Please »
Are You Behind on Your Mortgage Payment in Bryan or College Station, Tx?
November 3rd, 2011 categories: Foreclosures, Short Sales
Are you behind on your mortgage payments? Do you know someone in Bryan or College Station, Tx who is? Do you know what happens next? Since going through a foreclosure is one of the most traumatic things that can happen with a family, outside death or illness, if this can be prevented let's choose THAT option! Bank of America has published a Home Transition Guide to help provide specific instructions on how to go through the process. Customer-Transition-Guide_Bank-of-America Remember if you are behind on your payments you have several options - Make up your payments Loan Modification through the lender Short Sale so you can get out from under the house payment Deed in Lieu of Foreclosure so you can give the house back to the bank without having a foreclosure Foreclosure, Eviction and Relocation Over the next few weeks I will be amending this post and adding links for each of the above topics. I will also be posting ideas and plans for homeowners to consider. My one request is... PLEASE don't wait until the bank starts calling. If you find you are going to miss a house payment CALL ME and let me help you communicate with the bank and figure out if a loan modification or short...| Discussion: Your Comments Please »
Foreclosures Are Happening in Bryan and College Station, Texas Too!
November 1st, 2011 categories: Foreclosures
Foreclosure is NOT an example of a character flaw. Foreclosure is almost always an EMPLOYMENT issue or an ILLNESS issue or a true UNEXPECTED EXPENSE issue that you could not have planned for. Yes, Foreclosures, Short Sales and Distressed properties are happening in Bryan and College Station, Texas TOO! Remember we cannot control LIFE - we can only control what we DO after Life Happens. Did you know... 2007 Foreclosures increased on a quarterly basis all four quarters of the year... up 75% from 2006 2008 Foreclosures increased 81% over 2007 with 3.1 million foreclosure filings. 80% of California & Florida homeowners who missed a payment ended up in foreclosure. By the end of 2008 approximately 2 in every 100 households were in foreclosure. In Florida 4.5 % of all households were in foreclosure. 2009 Delinquency ate broke the record again. More than 1 in 8 households were in foreclosure. 12 % of Florida mortgages were in foreclosure 2010 January 2010 was the 49th consecutive month wiht year over year increases in home mortgage delinquency rates So, being behind on a mortgage is much more common than you would expect. If you know someone who is faced with being behind on their house payments or property...| Discussion: Your Comments Please »
Bryan College Station Foreclosures Available!
October 14th, 2011 categories: Foreclosures
FORECLOSURES in Brazos County!!! Looking for a foreclosure home in the Bryan, College Station, Hearne, Marquez, Hearne or Navasota area? Click on this link which will take you to my REALTOR.com profile page. Click on LISTINGS and you will see the latest available information of properties that are currently available. If you want to be notified when we are GETTING a new foreclosure home send me a note! All foreclosure properties we put on the market are available to everyone but many sell right away! Currently there are properties available in Bryan, College Station, Hearne and Marquez but MANY more are coming in othere areas such as Medias, Navasota, Caldwell and beyond. Call me if you are looking for properties in South College Station Southwood Valley Rural areas with acreage Edelweiss Gartens Under $30,000| Discussion: Your Comments Please »
Do we need more foreclosures?
August 31st, 2011 categories: Foreclosures, Real Estate News
Foreclosure is a scary word, but experts say it is a word that needs to used more often. It is something that no one wants more of, but it is something that this market very well may need. The Obama administration has tried with multiple programs to help save the fledgling market to no avail. According to CNN Money, some housing experts say that if the administration is interested in the future, it should help speed up the foreclosure process to get the delinquent borrowers out and to get the foreclosed homes on the market and back into use. Some of the July '11 numbers on delinquency are staggering: 2.2 million loans in foreclosure 37% behind more than 2 years 34% behind more than 1 year, less than 2 years 71% total behind more than 1 year Compared with July '09 numbers: 6% behind more than 2 years 35% behind more than 1 year, less than 2 years 41% total behind more than 1 year Thomas Lawler, founder of Lawler Economic & Housing Consulting, thinks this is a dangerous pattern emerging. "Delaying foreclosure increases the percentage who'll likely never catch up", Lawler said. The delaying of foreclosure also means that vacant properties can fall further into disrepair and this can hurt surrounding property values. The other...| Discussion: Your Comments Please »
