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As the foreclosure crisis continues to affect the real estate market, many troubled homeowners, and even some realtors, may not fully understand the severity of a foreclosure. In a foreclosure situation, the mortgage lender is a secured creditor which Read More...
Image via Wikipedia Florida’s existing home, condo sales up in January ORLANDO, Fla. – Feb. 23, 2011 – Florida’s existing home and existing condo sales rose in January, according to the latest housing data released by Florida Realtors®. Read More...
WASHINGTON – Dec. 2, 2010 – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors® . The Pending Home Sales Index (PHSI), a forward-looking Read More...
With so many different and various types of mortgages exist, knowing how to choose the right one can be oftentimes challenging. To be able to understand the various options, we have provided a brief breakdown. Keep in mind that the country has been in Read More...
It’s about to get more expensive to take out—and a bit harder to qualify for—a loan insured by the Federal Housing Administration . Faced with rising losses and falling reserves, the FHA is preparing a series of tweaks to its underwriting Read More...
Changing or amending one or several aspects of a mortgage agreement is called loan modification . Loan modification is normally used by mortgage companies to help mortgage holders but can be used to alter the terms of any loan or debt obligation. Over Read More...
Purchasing a home can be overwhelming and confusing especially for first-time home buyers. Here are some tips to help the home buying consumer obtain the best mortgage . To start, the home buyer should obtain information from several lenders. Real estate Read More...
How Do I Pay My Reverse Mortgage Back? You will need to pay your reverse mortgage back when the last survivor moves out of the home or passes away, all borrowers permanently move from the home, you stop paying property taxes or home insurance, or the Read More...
In a time of financial crisis many individuals find themselves reflecting on their financial situation, especially in regards to the fluctuating housing market . No individual wants to lose their home but the search for solutions to stop foreclosure seem Read More...