Posted by promote, at 12:49PM 07/03/08 :
Is Foreclosure Right For You?
Note:
The foreclosure rate is up 60% in February and homeowners nationwide are struggling to make ends meet. The most common options are 1) Hang on and hope, 2) Sell if you have equity, 3) Foreclosure, 4) Bankruptcy, 5) Short Sale, and 6) Deed In Lieu of Foreclosure.
tags: gerald romine
· foreclosure
· real state
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Posted by promote, at 12:48PM 07/03/08 :
What Is A Short Sale
Note:
Short Sale: In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagee. Extenuating circumstances delegate whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower’s financial situation. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. Here’s a free site completely dedicated to short sales and foreclosure investing. Author: Gerald Romine
tags: gerald romine
· foreclosure
· real state
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Posted by promote, at 12:46PM 07/03/08 :
Types Of Real Estate Foreclosures
Note:
Foreclosure is the equitable proceeding in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) due to the owner’s failure to comply with an agreement between the lender and borrower called a “mortgage” or “deed of trust.” Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property. When the process is complete, it is typically said that “the lender has foreclosed its mortgage or lien.”
tags: gerald romine
· foreclosure
· real state
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Posted by promote, at 12:46PM 07/03/08 :
What Is A Deficiency Judgment?
Note:
A deficiency judgment is a judgment lien against a debtor, defendant or borrower whose foreclosure sale did not produce sufficient funds to pay the mortgage in full. This option may or may not be available to the lender, depending on whether they have made a recourse or non recourse loan.
tags: gerald romine
· foreclosure
· real state
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Posted by promote, at 12:44PM 07/03/08 :
What Is A Deed In Lieu Of Foreclosure
Note:
A Deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e., the borrower) conveys all interest in a real property to the mortgagee (i.e., the lender) to satisfy a loan that is in default and avoid foreclosure proceedings.
tags: gerald romine
· foreclosure
· real state
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Posted by promote, at 12:42PM 07/03/08 :
How to Successfully Buy Pre-Foreclosures
Note:
Buying properties in pre-foreclosure can be the most profitable segment of a real estate entrepreneur’s business! Unfortunately, it is also the most misunderstood. Hopefully, this article will shed some much-needed light on pre-foreclosures and how and why you should become involved.
tags: gerald romine
· real state
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Posted by promote, at 12:40PM 07/03/08 :
Getting Better Cash Flow With Real Estate Rentals
Note:
When is the last time you looked at your real estate loans to see if they are in times with the market? Are you paying 8%? Do you have ARMS with low interest rates that could be adjusting up? Do you have 80/20 seconds on rentals or your own house that is at 10%? Many people do and NOW is the time to do something about it.
tags: gerald romine
· real state
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