Short Sale programs like the Home Affordable Foreclosure Alternatives (HAFA) is a federal government program to help homeowners who cannot afford to pay their mortgages....want to avoid foreclosure..... and have exhausted all other loan modification options. The homeowner must meet certain hardship eligibility criteria, e.g., a divorce, loss of job, death of spouse or change in household income. Short sale programs allows homeowners to sell their home as a short sale or in layman’s terms -- selling the home for less than the outstanding mortgage balance. The lender will settle any outstanding mortgage debt and offer homeowners other benefits. Depending on the mortgage lender, these benefits could include relocation assistance up to $3,000 to those homeowners who must vacate after completing the HAFA short sale or a deed-in-lieu of foreclosure. Depending on your mortgage lender you may be entitled to other incentives that are available to eligible homeowners. The best time to … [Read more...]
Avoiding Foreclosure
Avoiding foreclosure is not out of the question for many homeowners.........Recent market analysis estimates show that there are millions of foreclosures in the pipeline waiting to be processed by Mortgage Banks or Servicing Companies. This high number of pending foreclosures is shocking news, especially when federal and state governments are constantly implementing new programs to assist distressed homeowners from avoiding foreclosure. These programs are designed to assist homeowners with their mortgage crisis and steer them to an alternative financing option to help them avoid the disaster of having a foreclosure proceeding attached to their credit history. Either the mortgage companies are not doing an effective job of convincing distressed homeowners of the alternative mortgage solutions to avoid a foreclosure; or, maybe, the distressed homeowners are riding the wave of fortune by not paying their monthly payment in lieu of pocketing their monthly mortgage payments. And, … [Read more...]
Foreclosure Process
Foreclosure Process: How State Laws Vary Foreclosure is a complicated, multi-step process—and each states handles it differently. Read Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
Facing Foreclosure
Facing Foreclosure: What to Do Right Now If you’re facing foreclosure, don’t panic: Take steps right now to save your home or at least lessen the blow of its loss. Read Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
Buy a Home after Foreclosure
Rules Loosen to Buy a Home After Foreclosure, But Lenders May Balk - You maybe eligible to buy a home after foreclosure. FHA and Fannie Mae are making it easier for homeowners who loss a home to foreclosure or short sale to buy again, but it might not make much difference if lenders don’t go along with the changes — since they don’t have to...... Read more: http://www.houselogic.com/blog/foreclosure-guide/getting-a-mortgage-after-foreclosure/#ixzz2fqbCkIRo New rules let you get back into homeownership sooner after foreclosure — in theory. Will lenders play along? Read Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
Shopping for a Mortgage
If you are shopping for a mortgage be aware of scrupulous loan officers. Shopping for a mortgage can be a very tricky and stressful situation without the right information and guidance from a professional Realtor to assist you in your search or offer a referral contact. When shopping for a mortgage always inquire about any hidden costs or fees that may be associated with the mortgage and charged to you at closing. According to an article by Mr. Kenneth R. Harney posted under the “The Nations Housing” article in the Washington Post on August 3, 2013, there is another issue you must protect yourself against. It’s called upselling, where the mortgage lender steers you into higher cost loan programs with terms that increase the lender’s profits and cost you more at closing. Although mortgage lenders used upselling during the housing boom years, they have been dormant until recently. Mortgage lenders usually charge discount points, loan origination, or other hidden fees to process your … [Read more...]
Victoria Falls Condominiums
Victoria Falls Condominiums at Central Parke is situated in the heart of a 55+ Active Adult Resort style community located off of Contee Road in Laurel, MD. Victoria Falls Condominiums were built in 2005 -2006 and include two distinct models which are the Kingston and the Dartmouth model. Although the Kingston model offers a little more in square footage than the Dartmouth, both are very spacious two bedroom residences, over-sized eat-in kitchens, some with dens, two full baths, an open floor plan and high ceilings. In addition, both models have master suites with a jacuzzi tub, balcony overlooking the courtyard, elevators and membership to the private Resort Club. The Resort Club is open to all Victoria Falls Condominiums residents and include a full state of the art Fitness Center, Indoor and Outdoor pool, Billiard Room, Great Hall for parties, Card Room,Tennis and Basketball courts and a walking/biking trail around the entire parameter of the community. The Resort Club provide … [Read more...]
Grocery Shopping Tips
Grocery shopping can be a cumbersome task when you are on a tight budget, but there are options even with limited funds in your wallet. Here are some tips that may help as you navigate the grocery store aisles: Make a list and only buy the items you have written down. This will save you both time and money. Don’t habitually buy expensive snacks. When you do splurge on pricey snacks, don’t put them in a convenient place. They’ll last longer if you keep them out of reach. Buy only as much produce and perishables as your family can eat within a reasonable period of time. When you throw out food, you’re throwing out money. Consider buying store brand products as compared to brand name, when the ingredients are the same. Store brand products can be less expensive. Buy in bulk on frequently used, nonperishable items, e.g., canned goods, paper products and toiletries especially when they are on sale. Look high and low. As you shop, look at the upper and lower shelves because … [Read more...]
Make Time for Family
When you make time for family, life is much more rewarding! What’s the point in working hard throughout life, if there is no one or family to enjoy your successes and accomplishments? My wife and I are always planning our daily lives around both of our families and grandkids. Over the last 30 years, we’ve made it a point to attend the annual Family Reunion events locally and out-of-town. Also, while living here at Victoria Falls, we have attended many family-oriented events coordinated by the Lifestyle Director and staff. Recently, we went to the “Grandparents Day” event with our five grandkids here at Victoria Falls. They loved the activities and the time spent with us and wanted to know when the next one was! Whatever the occasion, spending quality time with family makes life a blessing to behold! In today’s fast paced world, it’s so easy to lose sight of the small things that should really matter in life. Do you find yourself wishing you could spend more time with your family? If … [Read more...]
Cash Short Buyers
Mortgages News for cash short buyers..... Cash short buyers can look to the United States Department of Agriculture (USDA) - Rural Housing. The USDA – Rural Housing for 100% financing to purchase a home. This is a terrific program for cash short buyers to consider when buying a home....it is truly 100% financing. The #1 item to keep in mind is that the property does not have to be in a rural area at all in order to be eligible – the property does not have to be “way out in the country” somewhere. For instance, in Prince George’s County, most or all of the Marlton community is eligible…..also, parts of Brandywine and pockets of Accokeek. To see if a particular home is eligible for this program, click on the link below, and simply type in the full address of the property and, in a matter of seconds, it will tell you if the house is eligible or not. http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do Sellers - if you have a home that is located in an area that might be … [Read more...]
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