Mortgage Loans And Refinance For Bad Credit

Underwater Mortgage Stats and HARP 2.0

As of the writing of this post, there are still about 11 million mortgages in the USA that are underwater and potentially in danger of foreclosure.  Because the previous Home Affordable Refinance Program (HARP) has not exactly produced the level of results that were anticipated, the Obama administration is going back to the drawing board [...]

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LTV Ratio for Mortgage Loans

With the bursting of the housing bubble, the mortgage lender fallout, and the subsequently weak housing market in America, banks and mortgage companies are certainly paying closer attention to the (LTV) Loan-To-Value ratios of their new loans. A few short years ago, it was relatively easy to get approved for a mortgage loan with as [...]

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Home Staging Return on Investment

In today’s housing market, there are many more houses for sale than there are buyers.  This dilemma requires the seller to stage their home.  While it used to be a “nice touch”, today’s finicky home buyers almost require a home to be staged in order to get their attention. Because supply is so strong, the [...]

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Buying an REO Property Tips

If a property goes through foreclosure and is unclaimed at the auction sale, the property is owned by the bank. The real estate is then called Real Estate Owned (REO). The term REO is an acronym for real estate owned.  REO’s are properties to which the bank has taken title. These properties have all cleared [...]

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Housing Supply and Housing Bubbles

The real estate marketplace is like all other markets.  Housing trends and prices are a direct reflection of supply and demand.  The notion of housing bubbles do exist. If you are like many homeowners, you are in a quandary about the market value of your home. Housing prices reflect the amount of supply and the [...]

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Pre-foreclosure Sale PFS Programs

Look into a PFS program if you feel that you are facing foreclosure. The foreclosure process can be overwhelming both emotionally and financially.  If you act in the pre-foreclosure stage, you may well be able to stay in your home and suffer minimal damage to your credit. Due to the recession, millions of American homeowners [...]

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Realtors That Will Buy Your House

The National Association of Realtors has taken steps to service homeowners in a difficult market.  The NAR now offers important continuing educational courses. In response to a difficult housing market, The National Association of Realtors (NAR) has taken steps to help homeowners navigate through a difficult market and difficult economic times.  The NAR is the [...]

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Buyer’s Market Real Estate Ideas

The housing crunch has created much hardship for millions of homeowners.  Yet, for many investors, this is an excellent time to purchase. The housing market has caused a huge number of homes to be available for purchase.  While this is an extremely difficult market for sellers, it is a great time for real estate investment. [...]

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Underwater Mortgage Relief Options

One of the most popular options to underwater homes in foreclosure is a loan modification.  This foreclosure solution requires cooperation between the borrower and the lender and is a form of mortgage relief for those with underwater mortgage situations. If your mortgage loan has Fannie Mae or Freddie Mac guarantees, the Obama Administration has offered [...]

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Mortgage Hardship Letter for Modification

If a homeowner applies for either a short sale or loan modification, the borrower must present a hardship letter.  Not all hardship letters deal with unemployment.   The hardship letter is a necessary component for a loan modification or a short sale.  Ironically, the existence of an upside down mortgage has little to do with the [...]

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