From the monthly archives:

January 2010

Foreclosure…… It’s Okay To Walk Away

January 30, 2010

If that’s the probability then consider this… COMING TO A PRACTICAL DECISION – Over 32% of homeowners today are underwater, which means if you’ve been living in a cave (with equity) that their loan(s) exceed the value of their home. If your home is vaguely under fill up and you can afford the payment this [...]

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Rising Interest Rates in 2010 Bring Urgency to Loan Modifications

January 26, 2010

I’ll try not to be too detailed and go beyond interest rate 101, but there are distinctive cycles to our economy and we are about to run into the start of an upward cycle in interest rate, to include mortgage rates. Right now mortgage lenders have access to low cost money from the Feds and [...]

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Worst Housing Bubble Cities Improve and Help homeowners get Loan Modifications

January 26, 2010

According to newly released data, after over three years the Las Vegas housing market is showing signs of coming back to normal, or closer to it than before.  Las Vegas along with California and Florida have been hit the toughest by foreclosures and value decrease, so trends in these areas bode what you might guess [...]

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How to Write A Hardship Letter that gets your Loan Modification Approved

January 25, 2010

Your hardship letter expresses to the lender why you’ve been unable to pay your mortgage payments or will have vex doing so in the future. There are several things it should include, and it’s vital that the letter is simple-to-know and well thought out.

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