With the recent downturn in the real estate market across the country, both professional and amateur investors have entered the “house flipping” business. House flipping is when you purchase a property at below market value and then resell it for [...]
We are currently still recovering from one of the largest real estate bubble bursts in history. In many of the worst housing markets in the country, home prices are declining at double-digit percentages meaning people’s homes and properties are losing [...]
When buying or selling real estate two of the more popular means of getting a property “under contract” are a Purchase and Sale Agreement or and Option to Buy. Both of these vehicles work and both have their pro’s and [...]
The housing crisis continues to unfold and against this background the most frequently asked question is – how to get a home loan with bad credit. The downturn in the economy has caused many to see their credit scores go down [...]
One of the reasons why people fear foreclosure is that foreclosure has far reaching effects on your financial history. You need to handle foreclosure very carefully so that you don’t damage your credit history too much. It always helps to [...]
Many are worried and want to know how to write a hardship letter for a short sale. It is not a hard task provided attention is given to what is required to be written. In a short sale the buyer [...]
A frequently asked question for those facing mortgage troubles is how to write a hardship letter for loan modification? The lender asks for such a paper. It is a letter the borrower sends to the bank explaining why he or [...]
Most of the homeowners dread foreclosures and you too are likely to hate such a situation as long as you are not trying to commit any mortgage fraud. All of us try to avoid foreclosures as much as possible, despite [...]
In the present mood of the economy the question uppermost in the minds of homeowners is “How to loan modification”? Loan modification involves negotiations between the borrower and the lender wherein the terms of the loans are changed without resorting [...]
You have endured the trauma of foreclosure and want to start writing on a new slate having wiped off past dues. But can you? The IRS or Internal Revenue System is waiting for you. Thus do not ignore the fact [...]
