3/26/2010 8:27:00 PM
HAMP Revamp?
A US Department of the Treasury press release today announced a series of enhancements to the Home Affordability Modification Program (HAMP) aimed at helping some of the 11 million households whose homes are worth less than the full value of their loans. The ...
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3/24/2010 5:56:00 PM
Short Sale Frequently Asked Questions
If you are an Arizona homeowner with negative equity and are considering a short sale, you probably have a lot of questions. The answers to the most commonly asked questions vary widely based on each person’s unique circumstances and it i s important ...
Views: 486
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12/15/2009 8:24:00 AM
Is loan modification realistic?
Loan modification may be the best option if your monthly payments are more than you can afford, but you do not have significant negative equity in the property. Most loan modifications involve a temporary reduction in the monthly payment amount, called loan ...
Views: 467
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12/14/2009 3:41:00 PM
What is a Short Sale?
Definition of a short sale: A short sale is the process of selling a property for less than what is currently owed on the loan(s) and negotiating with the lien-holder(s) to accept the proceeds of the sale and forgive or settle the remaining debt (deficiency ...
Views: 475
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9/9/2009 2:18:00 PM
SB 1271 Repealed - Good News for Arizona Homeowners with Negative Equity!
Governor Jan Brewer recently signed HB 2008, which repeals SB 1271 and the changes to the anti-deficiency statute that were set to take effect at the end of this month. This is good news for Arizona Homeowners, especially those with negative equity who may ...
Views: 1959
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9/3/2009 7:36:00 PM
First Time Home Buyer Tax Credit . . . Act Now or Go Double or Nothin'?
For all those apartment dwellers, roommate haters and those who just haven't been able to cut the cord, NOW is the time! But time is running out . . . in fact, there about four weeks left to find a home, make an offer and have it accepted in order to close ...
Views: 1243
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7/20/2009 2:21:00 PM
SB 1271 - Serious Changes to Arizona's Anti-Deficiency Statute*
As a REALTOR ® specializing in short sale negotiations, some of the most common questions I’m asked by clients considering a short sale include “Will I have to pay back the difference?” and “Can the bank come after me later?” ...
Views: 6956
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5/27/2009 7:38:00 PM
Short Sale vs. Loan Modification; Weighing the Options
As a REALTOR® specializing in negotiating short sales for homeowners who owe more than their property is worth in today’s market, I am often asked if loan modification is an option. The answer in short, is YES , albeit with a few caveats. Negotiating ...
Views: 1236
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5/26/2009 6:25:00 PM
Government Offers $1500 Incentive to Homeowners who Pursue Short Sales Instead of Foreclosure
The Obama administration recently unveiled updates to the Making Home Affordable program to make it easier for home owners who owe more than the current market value of their homes to sell those properties at a loss via short sale and have the remaining debt ...
Views: 2296
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4/16/2009 10:48:00 PM
Has consumption gone out of style?
A recent article on TheDailyBeast.com reported that Kathleen Fuld, wife of the former CEO of the now defunct Lehman Brothers, was seen exiting the Manhattan luxury purveyor Hermès with her goods in a plain white bag instead of a signature orange Hermès ...
Views: 762
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