Mortgage
Real Estate Fraud May Stop Sale of Foreclosed Property
Real estate fraud or a foreclosed property scam may be the reason why these homeowners cannot buy property they had a verbal agreement to buy. Q: We live in a very rural part of Florida. The property next to ours …
Is Bankruptcy a Better Option Than Strategic Default?
Declaring bankruptcy is an option to help underwater homeowners. When in default you can consider a strategic bankruptcy. Q: About a month ago, you wrote an article about strategic default options for underwater homeowners. I was surprised that you didn’t …
Short Sale or Foreclosure Options for Rental Properties
Q: We own a home in Georgia, but due to a job change, my husband moved out of state and took a large pay cut. I stayed in the home for a year after he moved and we depleted our …
Responsible Homeowners Get Refinancing Help
What if you could give the economy a huge shot in the arm without costing the taxpayers anything extra? What if at the same time, you could make it easier for people now living at the margins to stay in …
How To Find A Foreclosed Home
Q: I am a real estate agent in Georgia and I live in Roswell. I sold my home very quickly and am looking for a home under $300,000 in this area. I have made five offers in the last two …
Strategic Default Options For Underwater Homeowners
Q: Do you ever address strategic default on rental property? I owe $135,000 and the property is worth only $65,000. A: Strategic default – hardly any topic in real estate raises hackles quite like this one. If your property is …
Streamline Mortgage Refinance Requirements for Borrowers
Q: You had mentioned on one of your shows that there would be a refinancing program coming available for FHA homeowners who have paid on time but are underwater with mortgage value. Do you have any more information as to …
Help For Homeowners: Phone Numbers and Resources
Q: The Hope Hotline is for people who are trying to avoid foreclosure, not refinancing. We are not able to direct the people to any lender for assistance with HARP! You need to advise your readers and radio show listeners …
Cancelling Credit Cards to get Cash Out Refinance
Excellent credit score, great credit history, plenty of equity, and yet lender wants borrower to cancel many of his credit cards to refinance. What gives? Q: I have a situation in my mortgage refinance process and need your advice. My …
FHA Streamline Refinancing Costs and Benefits When Underwater
If you have an FHA loan and are underwater, you may be able to still obtain a streamline refinancing with a lender. See if you qualify. Q: I purchased and closed on a home May of 2009. The house is …
