The economic crisis as we have experienced it thus far has been rather devastating. I have close friends who are out of work, who have been forced to sell their homes for less than they owe, and who have lost everything they have. I’m thankful that I’m able to be there to help them through [...]
Continue Reading →When applying for a loan modification, be prepared to disclose your entire financial life to whomever is negotiating your modification. If you try to do it, you will fail, unless you are persistent, or insane. Some attorneys require $3000 up front retainers to even begin negotiating with the bank. There is no guarantee that it [...]
Continue Reading →In most instances, real estate increases in value over time. That makes it a great investment. But as you think about your “investment” consider that those who pay cash for their homes, which most people cannot do, realize the greatest return on their investment.
Let’s take a look at the value of a $100,000 home [...]
Continue Reading →Think about it. There are thousands of millionaires. Some of them fell into it; some of them worked hard to earn it. Those who worked hard, probably still have it. The most powerful wealth building tool that you have is your income.
When you fill a bathtub, you plug the drain. If you don’t, all [...]
Continue Reading →When you cannot pay your mortgage because it is out of your reach due to adjusting rates, pay reductions, job loss, etc., then it’s likely you have been inadvertently placed on a track that will lead to foreclosure.
Foreclosure occurs when the bank takes your home back because you went too long without paying them. [...]
Continue Reading →The following information was provided by Marc McCain, Attorney at law, regarding the changes that are coming regarding the Arizona Anti-Deficiency legislation.
A deficiency is the amount that you still owe the bank after the bank forecloses. If you are selling your home short of what you owe, or you are about to experience a [...]
Continue Reading →A recent post on raincityguide.com got me going about the bottom line when it comes to short sales.
The article, written by Ardell, touches on the apparent importance of the assets that a property owner may have that could affect the bank’s decision regarding whether or not a short sale will be approved.
At present, [...]
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