This document provides information about foreclosure prevention services offered by MainStreet Capital Housing. It begins with a call to action to contact MainStreet for a free foreclosure prevention consultation. MainStreet employs certified counselors who will analyze the homeowner's situation and set up a plan to help avoid foreclosure. They have success in negotiating with lenders to stop foreclosures. The document then provides background on loss mitigation and various options it can involve like repayment plans, forbearance, loan modifications, and more to help homeowners avoid losing their homes to foreclosure. Contact information is provided to seek a free consultation.
Refinancing a home can provide benefits like lower monthly payments through improved credit or lower interest rates. However, homeowners should carefully consider potential downsides like taking on more debt that may later become unmanageable. While interest rates alone should not determine if refinancing is worthwhile, a rate difference of 1% or more may make refinancing beneficial if the homeowner expects to stay in the home long-term. Homeowners should thoroughly research their individual situation and needs to decide if refinancing is the best financial choice.
The Skinny on Real Estate Investing gives you an overview of the topic, outlining questions to help determine if real estate investing is right for you.
Jim Randel has invested in real estate for 30 years, having bought and sold houses, duplexes, triplexes, apartment buildings, office buildings, retail properties, factories, land and a warehouse.
Our 8-point real estate investing philosophy is as follows:
- It’s a tremendous opportunity for wealth generation.
- But, not “get rich quick,” or “risk-free”.
- If it isn’t fun, don’t do it.
- Never, never buy on the seller’s pro forma.
- If you can’t add value, pass on the deal.
- Asking prices are irrelevant.
- Institutional investing should be avoided at all costs by entrepreneurs.
- Houses are real estate investments.
This document summarizes several options for homeowners who are behind on their mortgage payments or at risk of default. It describes repayment plans, loan modifications, partial claims, advances, the Home Affordable Modification Program, short sales, and deeds in lieu of foreclosure. The key benefits are that these options can bring the account up to date, provide a fresh start, and avoid the damaging effects of foreclosure in some cases.
This document discusses the negative consequences of strategic default, or walking away from a mortgage, and presents alternatives to foreclosure like short sales and loan modifications. It notes that strategic default will damage credit, could impact future employment, and lead to debt collection, while short sales allow homeowners to minimize financial damage and qualify for a new loan more quickly than after a foreclosure. The document also outlines benefits of short sales over foreclosure and cautions that there is no strategy in ruining your credit.
The document discusses factors to consider when choosing between a 15-year and 30-year mortgage. It notes that while a 15-year mortgage has lower total interest costs, many overlook the tax benefits of the higher interest payments in a 30-year mortgage. When accounting for tax deductions, investment returns on savings from lower monthly payments, and inflation, a 30-year mortgage can often be more financially beneficial. This highlights the need to do a comprehensive analysis of one's individual situation rather than relying on claims of saving money through various financing options.
How banks make lending decisions...
How to manage the banking relationship...
Renewing your relationship...
Financial projections drive your banking
relationship...
Other lenders or sources of money...
Glossary of banking terms...
WEBINAR SLIDES: The next big thing in the pension market...liability settlementsJay Dinunzio
1) Pension settlements involve an employer discharging some or all of its pension benefit obligations by purchasing annuities from an insurance company or offering lump sum payments to plan participants.
2) The costs of a pension settlement can vary significantly depending on factors like the demographics of plan participants, election rates for lump sums versus annuities, and interest rates used to calculate lump sum amounts.
3) Companies with mature, frozen defined benefit plans that are financially flexible and focused on de-risking are often good candidates to consider a pension settlement. Next steps may include evaluating service providers, monitoring settlement cost environments, and discussing options within a pension committee.
Preferential transfers made to insiders can be recovered as fraudulent conveyances under state law, even without bankruptcy. The seminal case of Southern Industries established that payments made by a corporation to officers, directors, or major shareholders are not made in good faith and lack fair consideration, since insiders have a duty to act for all creditors' benefit. Creditors can use this doctrine and the fraudulent conveyance law to recover preferential payments made to certain insiders outside of bankruptcy for their own benefit.
Refinancing a home can provide benefits like lower monthly payments through improved credit or lower interest rates. However, homeowners should carefully consider potential downsides like taking on more debt that may later become unmanageable. While interest rates alone should not determine if refinancing is worthwhile, a rate difference of 1% or more may make refinancing beneficial if the homeowner expects to stay in the home long-term. Homeowners should thoroughly research their individual situation and needs to decide if refinancing is the best financial choice.
The Skinny on Real Estate Investing gives you an overview of the topic, outlining questions to help determine if real estate investing is right for you.
Jim Randel has invested in real estate for 30 years, having bought and sold houses, duplexes, triplexes, apartment buildings, office buildings, retail properties, factories, land and a warehouse.
Our 8-point real estate investing philosophy is as follows:
- It’s a tremendous opportunity for wealth generation.
- But, not “get rich quick,” or “risk-free”.
- If it isn’t fun, don’t do it.
- Never, never buy on the seller’s pro forma.
- If you can’t add value, pass on the deal.
- Asking prices are irrelevant.
- Institutional investing should be avoided at all costs by entrepreneurs.
- Houses are real estate investments.
This document summarizes several options for homeowners who are behind on their mortgage payments or at risk of default. It describes repayment plans, loan modifications, partial claims, advances, the Home Affordable Modification Program, short sales, and deeds in lieu of foreclosure. The key benefits are that these options can bring the account up to date, provide a fresh start, and avoid the damaging effects of foreclosure in some cases.
This document discusses the negative consequences of strategic default, or walking away from a mortgage, and presents alternatives to foreclosure like short sales and loan modifications. It notes that strategic default will damage credit, could impact future employment, and lead to debt collection, while short sales allow homeowners to minimize financial damage and qualify for a new loan more quickly than after a foreclosure. The document also outlines benefits of short sales over foreclosure and cautions that there is no strategy in ruining your credit.
The document discusses factors to consider when choosing between a 15-year and 30-year mortgage. It notes that while a 15-year mortgage has lower total interest costs, many overlook the tax benefits of the higher interest payments in a 30-year mortgage. When accounting for tax deductions, investment returns on savings from lower monthly payments, and inflation, a 30-year mortgage can often be more financially beneficial. This highlights the need to do a comprehensive analysis of one's individual situation rather than relying on claims of saving money through various financing options.
How banks make lending decisions...
How to manage the banking relationship...
Renewing your relationship...
Financial projections drive your banking
relationship...
Other lenders or sources of money...
Glossary of banking terms...
WEBINAR SLIDES: The next big thing in the pension market...liability settlementsJay Dinunzio
1) Pension settlements involve an employer discharging some or all of its pension benefit obligations by purchasing annuities from an insurance company or offering lump sum payments to plan participants.
2) The costs of a pension settlement can vary significantly depending on factors like the demographics of plan participants, election rates for lump sums versus annuities, and interest rates used to calculate lump sum amounts.
3) Companies with mature, frozen defined benefit plans that are financially flexible and focused on de-risking are often good candidates to consider a pension settlement. Next steps may include evaluating service providers, monitoring settlement cost environments, and discussing options within a pension committee.
Preferential transfers made to insiders can be recovered as fraudulent conveyances under state law, even without bankruptcy. The seminal case of Southern Industries established that payments made by a corporation to officers, directors, or major shareholders are not made in good faith and lack fair consideration, since insiders have a duty to act for all creditors' benefit. Creditors can use this doctrine and the fraudulent conveyance law to recover preferential payments made to certain insiders outside of bankruptcy for their own benefit.
down payment? If so, you will need
mortgage default insurance (also called
CMHC insurance or Genworth insurance).
Mortgage default insurance protects
lenders if a borrower defaults on their
mortgage. It allows buyers to purchase
a home with a down payment of less
than 20% of the purchase price. The
insurance is usually paid as a one-time
fee and is rolled into the total mortgage
amount.
The cost of mortgage default insurance
depends on factors like the size of your
down payment, purchase price of the
home and type of property. Generally,
the smaller your down payment, the
higher the insurance premium will be.
Ask your l
This newsletter provides tips to help improve your chances of getting a home loan when mortgage lending is tight. It recommends checking your credit report and score for inaccuracies, paying down consumer debt to improve your credit and debt-to-income ratio, taking a temporary second job to increase income and savings, and building a down payment fund of at least 20% for the best loan terms. It also discusses strategies for retirement savings in a declining market such as reviewing your plan, converting traditional IRAs to Roth IRAs if eligible, and continuing contributions if possible. For those who have lost their job, it provides advice on evaluating severance packages, updating finances and resumes, utilizing unemployment benefits, telling your support network, and being aggressive in
This workshop will help you gain a basic understanding of how the homebuying and home financing process works. So you’ll know what to expect and be better able to make informed decisions.
Family Legal Guide Chapter 8 Bankruptcylegalcounsel
This document discusses consumer bankruptcy and provides information to help individuals determine if bankruptcy is the best option for dealing with financial distress. It defines bankruptcy, explains the different chapters (7 and 13), and discusses the process and consequences of filing. While bankruptcy eliminates most unsecured debts, it has long-lasting negative consequences like affecting one's credit for up to 10 years. The document provides alternatives to bankruptcy like debt management plans and explains how to find legal assistance if pursuing bankruptcy.
This document discusses various methods of short-term financing including spontaneous financing like trade credit and negotiated financing like commercial paper, bankers' acceptances, and short-term business loans. It also covers secured loans backed by accounts receivable or inventory, as well as factoring which involves selling accounts receivable to a financial institution. The best mix of short-term financing methods depends on factors like cost, availability, timing, flexibility, and degree to which company assets are encumbered.
Trends from Unique Mortgage Loss Mitigation Solutionstevecassia
This document outlines a proposal to improve mortgage loan performance and reduce foreclosures. It proposes inserting financial counseling from the National Foundation for Credit Counseling (NFCC) into the loss mitigation process using the OFS Process. This aims to help borrowers achieve financial stability so they are better able to sustain their home loans. Titanium Solutions would conduct outreach and administer the program. The proposal claims this approach could avoid millions in losses and generate high returns through improved participation and sustainable home retention.
This document provides an overview and analysis of reverse mortgage loans in the United States. It discusses the history and key features of reverse mortgages, including eligibility criteria, loan disbursement options, and how the amount that can be borrowed is determined based on the homeowner's age and interest rates. The document also analyzes the various costs associated with reverse mortgages, such as origination fees, mortgage insurance premiums, interest expense, and servicing fees. It provides examples of how these costs are calculated and can accumulate over the life of the loan.
A Primer On The Mortgage Market And Mortgage Finance Mc Donaldsmullin2
This document provides a primer on the mortgage market and mortgage finance. It discusses the basics of mortgages, including the loan amount, term, repayment schedule, and interest rate. It also describes the risks to lenders, including default and market risk, and how mortgages are secured by collateral, usually the property being purchased. The primer defines key mortgage terms and concepts to aid individuals in making better mortgage decisions.
This document discusses decreasing debt and increasing liquidity as important aspects of financial management. It provides guidance on establishing priorities and plans for reducing debt, such as focusing on the highest interest debts first and renegotiating interest rates. It also discusses the importance of maintaining adequate liquidity through liquid assets and cash reserves. The document recommends working with a financial professional to properly coordinate debt reduction and liquidity goals.
The document provides answers to frequently asked questions about short sales. It discusses topics such as whether borrowers can receive cash from lenders at closing, how to qualify for a short sale with multiple mortgages or if payments are current, the short sale process timeline, and potential tax implications of debt forgiveness. Key details requested by lenders are explained, such as hardship letters, documents required, and reasons lenders are willing to accept less than the full mortgage amount in a short sale.
1. A reverse mortgage is a loan against a homeowner's equity in their home that does not need to be repaid until the homeowner dies, permanently moves out, or sells the home. It allows homeowners to convert the equity in their home into tax-free cash or a line of credit without having to make monthly payments.
2. The document discusses the history and origin of reverse mortgages dating back to 1961, the benefits for homeowners including tax-free funds and no repayment requirement, guidelines from RBI, costs involved, and risks for lenders including mortality, interest rate, and moral hazard risks.
3. Risks to lenders are mitigated through eligibility criteria, variable interest rates,
1) The document discusses challenges in financial advising from the perspective of behavioral finance. It covers intuitive vs reflective minds, investor paralysis after the 2008 crisis, lack of investor discipline, and loss of trust in financial institutions.
2) To address investor paralysis, the document recommends an "Invest More Tomorrow" strategy where investors pre-commit to periodic investments to overcome loss aversion and procrastination.
3) To address lack of discipline, it suggests a "Ulysses Strategy" where investors pre-commit to a rational investment plan through a signed memorandum to resist herd behavior.
4) To regain trust, advisers should demonstrate competence by admitting luck, discussing downsides, showing empathy through frequent contact, and
The Natale Group of Huntingdon Valley Bank offers mortgage products and services. James Natale manages TNG, which provides mortgages for purchases, refinances, and rental properties. TNG handles the entire mortgage process locally, from origination to underwriting to funding. TNG aims to provide cheaper, faster, and easier mortgages than competitors through eliminating middlemen and streamlining the application process.
Investors play a critical role in both the recovery and future of the housing market by acquiring non-performing loans and single-family homes. Unlike other markets, investing in housing is not a zero-sum game as investors' and borrowers' interests can be aligned through strategies like loan modifications and rental conversions. Carrington offers several residential investment strategies including acquiring non-performing loans and single-family rentals to help stabilize communities and transition borrowers while generating returns.
This document provides an overview of the Home Affordable Foreclosure Alternatives (HAFA) program. It discusses:
1. HAFA aims to help homeowners transition to more affordable housing and standardize the short sale process.
2. Under HAFA, homeowners receive $3,000 in relocation assistance, release from future liability on their mortgage debt, and their credit is less negatively impacted compared to foreclosure.
3. The document reviews the HAFA short sale process which involves the homeowner receiving a Short Sale Agreement with the acceptable list price and expiration date, listing the home for sale, and submitting a Request for Approval of Short Sale along with an offer from a buyer.
Mitt Romney is a former businessman and governor of Massachusetts running for U.S. President. He believes in cutting taxes to spur economic growth, expanding private health insurance, and allowing states more flexibility in implementing programs like Obamacare. However, critics argue his solutions lack conviction and he is overly emotional and unsure of himself. Supporters counter that he is kind, patient, and cares deeply for others.
This document provides information and advice for homeowners considering a short sale to avoid foreclosure. It warns that rescue scams promising to save a home often cost money with no results. It outlines options lenders may offer like loan modifications or allowing the home to be sold for less than owed. It advises homeowners to obtain legal counsel, understand tax implications, beware of committing waste to the property, and know a short sale may still leave debt owed and impact credit. Homeowners should investigate documentation needed, eligibility, amounts owed, the property value, and available programs before deciding if a short sale is their best option.
The document discusses short sales as an option for homeowners facing foreclosure. It defines a short sale as when a lender accepts less than the full balance of the loan at closing of a property sale. It notes that homeowners must show financial hardship to qualify. It outlines the short sale process and notes that a CDPE agent can help by negotiating with lenders and handling required documentation on behalf of the homeowner.
This document provides information about different types of loans, including secured and unsecured loans, demand loans, subsidized loans, personal loans, credit cards, home equity loans, home equity lines of credit, cash advances, and small business loans. It discusses the key aspects of each type of loan such as interest rates, terms, eligibility requirements, advantages, and disadvantages. The document also contains sections on bank deposits, including time/term deposits and sight deposits. It defines each type of deposit and discusses how interest is paid on deposits and how long funds must be kept in each type.
Both short sales and foreclosures negatively impact your credit score, though short sales often have a lesser long-term effect. A short sale allows homeowners to potentially negotiate paying off any remaining loan balance, whereas a foreclosure does not offer this. Short sales also allow homeowners to purchase a new home more quickly after the transaction. Overall, the document argues that a short sale is usually a better choice than foreclosure for most homeowners facing financial difficulties with their mortgage.
Our certified counselors will analyze your situation and set up a plan to help avoid foreclosure. They will provide a free consultation and foreclosure advice. Their high success rate in helping homeowners avoid foreclosure gives them leverage with mortgage companies. They are familiar with foreclosure laws and can often stop foreclosures quickly. Contact them today for a free consultation to discuss options like loan modifications, short sales, or forbearance agreements that may prevent foreclosure.
down payment? If so, you will need
mortgage default insurance (also called
CMHC insurance or Genworth insurance).
Mortgage default insurance protects
lenders if a borrower defaults on their
mortgage. It allows buyers to purchase
a home with a down payment of less
than 20% of the purchase price. The
insurance is usually paid as a one-time
fee and is rolled into the total mortgage
amount.
The cost of mortgage default insurance
depends on factors like the size of your
down payment, purchase price of the
home and type of property. Generally,
the smaller your down payment, the
higher the insurance premium will be.
Ask your l
This newsletter provides tips to help improve your chances of getting a home loan when mortgage lending is tight. It recommends checking your credit report and score for inaccuracies, paying down consumer debt to improve your credit and debt-to-income ratio, taking a temporary second job to increase income and savings, and building a down payment fund of at least 20% for the best loan terms. It also discusses strategies for retirement savings in a declining market such as reviewing your plan, converting traditional IRAs to Roth IRAs if eligible, and continuing contributions if possible. For those who have lost their job, it provides advice on evaluating severance packages, updating finances and resumes, utilizing unemployment benefits, telling your support network, and being aggressive in
This workshop will help you gain a basic understanding of how the homebuying and home financing process works. So you’ll know what to expect and be better able to make informed decisions.
Family Legal Guide Chapter 8 Bankruptcylegalcounsel
This document discusses consumer bankruptcy and provides information to help individuals determine if bankruptcy is the best option for dealing with financial distress. It defines bankruptcy, explains the different chapters (7 and 13), and discusses the process and consequences of filing. While bankruptcy eliminates most unsecured debts, it has long-lasting negative consequences like affecting one's credit for up to 10 years. The document provides alternatives to bankruptcy like debt management plans and explains how to find legal assistance if pursuing bankruptcy.
This document discusses various methods of short-term financing including spontaneous financing like trade credit and negotiated financing like commercial paper, bankers' acceptances, and short-term business loans. It also covers secured loans backed by accounts receivable or inventory, as well as factoring which involves selling accounts receivable to a financial institution. The best mix of short-term financing methods depends on factors like cost, availability, timing, flexibility, and degree to which company assets are encumbered.
Trends from Unique Mortgage Loss Mitigation Solutionstevecassia
This document outlines a proposal to improve mortgage loan performance and reduce foreclosures. It proposes inserting financial counseling from the National Foundation for Credit Counseling (NFCC) into the loss mitigation process using the OFS Process. This aims to help borrowers achieve financial stability so they are better able to sustain their home loans. Titanium Solutions would conduct outreach and administer the program. The proposal claims this approach could avoid millions in losses and generate high returns through improved participation and sustainable home retention.
This document provides an overview and analysis of reverse mortgage loans in the United States. It discusses the history and key features of reverse mortgages, including eligibility criteria, loan disbursement options, and how the amount that can be borrowed is determined based on the homeowner's age and interest rates. The document also analyzes the various costs associated with reverse mortgages, such as origination fees, mortgage insurance premiums, interest expense, and servicing fees. It provides examples of how these costs are calculated and can accumulate over the life of the loan.
A Primer On The Mortgage Market And Mortgage Finance Mc Donaldsmullin2
This document provides a primer on the mortgage market and mortgage finance. It discusses the basics of mortgages, including the loan amount, term, repayment schedule, and interest rate. It also describes the risks to lenders, including default and market risk, and how mortgages are secured by collateral, usually the property being purchased. The primer defines key mortgage terms and concepts to aid individuals in making better mortgage decisions.
This document discusses decreasing debt and increasing liquidity as important aspects of financial management. It provides guidance on establishing priorities and plans for reducing debt, such as focusing on the highest interest debts first and renegotiating interest rates. It also discusses the importance of maintaining adequate liquidity through liquid assets and cash reserves. The document recommends working with a financial professional to properly coordinate debt reduction and liquidity goals.
The document provides answers to frequently asked questions about short sales. It discusses topics such as whether borrowers can receive cash from lenders at closing, how to qualify for a short sale with multiple mortgages or if payments are current, the short sale process timeline, and potential tax implications of debt forgiveness. Key details requested by lenders are explained, such as hardship letters, documents required, and reasons lenders are willing to accept less than the full mortgage amount in a short sale.
1. A reverse mortgage is a loan against a homeowner's equity in their home that does not need to be repaid until the homeowner dies, permanently moves out, or sells the home. It allows homeowners to convert the equity in their home into tax-free cash or a line of credit without having to make monthly payments.
2. The document discusses the history and origin of reverse mortgages dating back to 1961, the benefits for homeowners including tax-free funds and no repayment requirement, guidelines from RBI, costs involved, and risks for lenders including mortality, interest rate, and moral hazard risks.
3. Risks to lenders are mitigated through eligibility criteria, variable interest rates,
1) The document discusses challenges in financial advising from the perspective of behavioral finance. It covers intuitive vs reflective minds, investor paralysis after the 2008 crisis, lack of investor discipline, and loss of trust in financial institutions.
2) To address investor paralysis, the document recommends an "Invest More Tomorrow" strategy where investors pre-commit to periodic investments to overcome loss aversion and procrastination.
3) To address lack of discipline, it suggests a "Ulysses Strategy" where investors pre-commit to a rational investment plan through a signed memorandum to resist herd behavior.
4) To regain trust, advisers should demonstrate competence by admitting luck, discussing downsides, showing empathy through frequent contact, and
The Natale Group of Huntingdon Valley Bank offers mortgage products and services. James Natale manages TNG, which provides mortgages for purchases, refinances, and rental properties. TNG handles the entire mortgage process locally, from origination to underwriting to funding. TNG aims to provide cheaper, faster, and easier mortgages than competitors through eliminating middlemen and streamlining the application process.
Investors play a critical role in both the recovery and future of the housing market by acquiring non-performing loans and single-family homes. Unlike other markets, investing in housing is not a zero-sum game as investors' and borrowers' interests can be aligned through strategies like loan modifications and rental conversions. Carrington offers several residential investment strategies including acquiring non-performing loans and single-family rentals to help stabilize communities and transition borrowers while generating returns.
This document provides an overview of the Home Affordable Foreclosure Alternatives (HAFA) program. It discusses:
1. HAFA aims to help homeowners transition to more affordable housing and standardize the short sale process.
2. Under HAFA, homeowners receive $3,000 in relocation assistance, release from future liability on their mortgage debt, and their credit is less negatively impacted compared to foreclosure.
3. The document reviews the HAFA short sale process which involves the homeowner receiving a Short Sale Agreement with the acceptable list price and expiration date, listing the home for sale, and submitting a Request for Approval of Short Sale along with an offer from a buyer.
Mitt Romney is a former businessman and governor of Massachusetts running for U.S. President. He believes in cutting taxes to spur economic growth, expanding private health insurance, and allowing states more flexibility in implementing programs like Obamacare. However, critics argue his solutions lack conviction and he is overly emotional and unsure of himself. Supporters counter that he is kind, patient, and cares deeply for others.
This document provides information and advice for homeowners considering a short sale to avoid foreclosure. It warns that rescue scams promising to save a home often cost money with no results. It outlines options lenders may offer like loan modifications or allowing the home to be sold for less than owed. It advises homeowners to obtain legal counsel, understand tax implications, beware of committing waste to the property, and know a short sale may still leave debt owed and impact credit. Homeowners should investigate documentation needed, eligibility, amounts owed, the property value, and available programs before deciding if a short sale is their best option.
The document discusses short sales as an option for homeowners facing foreclosure. It defines a short sale as when a lender accepts less than the full balance of the loan at closing of a property sale. It notes that homeowners must show financial hardship to qualify. It outlines the short sale process and notes that a CDPE agent can help by negotiating with lenders and handling required documentation on behalf of the homeowner.
This document provides information about different types of loans, including secured and unsecured loans, demand loans, subsidized loans, personal loans, credit cards, home equity loans, home equity lines of credit, cash advances, and small business loans. It discusses the key aspects of each type of loan such as interest rates, terms, eligibility requirements, advantages, and disadvantages. The document also contains sections on bank deposits, including time/term deposits and sight deposits. It defines each type of deposit and discusses how interest is paid on deposits and how long funds must be kept in each type.
Both short sales and foreclosures negatively impact your credit score, though short sales often have a lesser long-term effect. A short sale allows homeowners to potentially negotiate paying off any remaining loan balance, whereas a foreclosure does not offer this. Short sales also allow homeowners to purchase a new home more quickly after the transaction. Overall, the document argues that a short sale is usually a better choice than foreclosure for most homeowners facing financial difficulties with their mortgage.
Our certified counselors will analyze your situation and set up a plan to help avoid foreclosure. They will provide a free consultation and foreclosure advice. Their high success rate in helping homeowners avoid foreclosure gives them leverage with mortgage companies. They are familiar with foreclosure laws and can often stop foreclosures quickly. Contact them today for a free consultation to discuss options like loan modifications, short sales, or forbearance agreements that may prevent foreclosure.
This document provides information about short sales and options for homeowners facing foreclosure. It discusses the short sale process in 4 steps: 1) gathering required documentation, 2) marketing the home, 3) presenting the offer to the bank which can take 1-4 months, and 4) closing once approved. It warns homeowners not to delay or ignore their situation, and outlines common reasons people face foreclosure like job loss or medical issues. The document emphasizes that the real estate agent can help negotiate with lenders to avoid foreclosure and formal legal proceedings.
Remington Senior Funding: Introduction to Reverse Mortgagesremington
An Introduction to facts about Reverse Mortgages, including the most frequently asked questions and examples of how seniors are using Reverse Mortgages to supplement their income today.
Carl Simmons is a senior consultant at All-American Consulting Group, a mortgage loan modification firm. They specialize in helping homeowners get loan modifications to make their loans more affordable when facing financial hardship. The process involves working with lenders to analyze the borrower's finances, propose modified loan terms, and negotiate an agreement. If approved, the modification would change terms of the existing loan contract to reduce payments and avoid foreclosure. Customer service is a priority, with representatives available to assist borrowers through the complex process.
Carl Simmons is a senior consultant at All-American Consulting Group, a mortgage loan modification firm. They specialize in helping homeowners get loan modifications to make their loans more affordable when facing financial hardship. The process involves working with lenders to analyze the homeowner's finances, current market value, and negotiate new loan terms that are agreeable to both parties. Their customer service focuses on guiding clients through the complex process and maintaining communication with lenders.
This document provides information about short sales and the services provided by Kayser & Associates, LLC Law Firm and Short Sale Center, LLC. A short sale allows a homeowner facing foreclosure to sell their home for less than the amount owed on the mortgage in order to avoid foreclosure. This protects the homeowner's credit more than a foreclosure would. The law firm and short sale center collaborate to negotiate with lenders on behalf of homeowners and real estate agents to get short sales approved. Their fees are typically paid by the lender as part of the short sale closing costs. They provide expertise in navigating the short sale process which can otherwise be lengthy and complex for homeowners and agents.
The document discusses options for homeowners facing foreclosure, including reinstatement, selling the property, refinancing, pursuing a mortgage modification or deed-in-lieu of foreclosure, filing for bankruptcy, or taking advantage of protections for military servicemembers. It also provides an overview of the basic foreclosure process and notes that 1 in 10 homes are currently delinquent or in foreclosure. Additionally, it summarizes the short sale process, whereby a lender may accept less than the full loan balance at closing, and compares the consequences of foreclosure versus a successful short sale.
So its the time for you to buy your first home and you need a mortgage. In this seminar learn about all of the options for a mortgage, and how you can qualify for a loan. We will cover all of the details and answer your questions. If you are a professional, this is the perfect seminar to help your customer learn about the mortgage loan process and we can customize it to your needs. Just contact us for details.
In this special series the Russell Shaw Group shares with us their Short Sale Package. This extensive document will give you a great start to building your own package.
This document provides resources for learning about predatory lending and shopping for a mortgage. It defines predatory lending as involving excessive fees and penalties that strip wealth from borrowers. Fees above 5% of the loan amount and prepayment penalties included in most subprime loans are highlighted as issues. The document lists several organizations that provide information on predatory lending, home buying, mortgages, and credit reports to help consumers make informed decisions.
Predatory lending refers to excessive lending practices that strip wealth from borrowers. Hallmarks include high fees over 5% of the loan amount and excessive prepayment penalties. It is wise for borrowers to understand loan terms like fees, prepayment penalties, and how interest rates on adjustable rate mortgages (ARMs) can change. Resources for researching lending practices and understanding mortgage options are provided.
Welcome to Mortgage Lowest Rate, your complete resource for first-time buyers, renewing your mortgage and learning about all of your home refinancing options.
Compare mortgage rates in Canada to find the best rates. Save yourself thousands of dollars by using mortgagelowestrate.ca to find your ideal mortgage rate!
WLR Group is a consulting firm that specializes in helping homeowners obtain affordable loan modifications to avoid foreclosure through negotiating with lenders. They work directly with lenders and servicers to facilitate loan modifications, which typically involve verifying a homeowner's financial hardship and ability to pay, analyzing documentation for errors, and negotiating modifications that reduce payments, interest rates, or principal balances based on current home values. Their goal is to help homeowners keep their homes and stay in compliance with their modified loans through an intensive process that often requires dozens of phone calls and resubmitting documentation.
The document discusses the benefits of pursuing a short sale if one owes more on their home than it is worth. It notes that short sales allow homeowners to avoid the negative consequences of foreclosure like judgments, bankruptcy, and damaged credit. Short sales are negotiated with lenders while foreclosures are involuntary litigation. The document provides information on government programs to help homeowners and incentives for banks to approve short sales. It emphasizes that a short sale specialist can guide homeowners through the process of negotiating with lenders and selling their home.
This document discusses private money lending for real estate investments. It describes several types of short-term loans that private money lenders provide, including straight loans, flash cash loans for double closings within a day, and bridge/flex term loans for property repairs. These loans generally offer higher interest rates than traditional loans but allow private money lenders to recover their money quickly and profitably by investing in real estate deals.
The document discusses default mortgages, foreclosure, and loss mitigation options. It defines a default mortgage as failing to make timely payments on a loan. Homeowners in default have options like loan modifications, forbearance agreements, or repayment plans to avoid foreclosure. The foreclosure process involves default notice, filing, sale of the property, and eviction. Loss mitigation works with homeowners and lenders to negotiate terms to prevent foreclosure, such as loan modifications or short sales. The goal is to stabilize the financial situation and mitigate losses for both parties.
Trevor Otts presents information on HAVEN, a real estate company focused on customer service. HAVEN aims to make real estate professionals service-driven rather than commission-driven and ensure customer welfare. The presentation discusses home buying costs like closing costs and down payments, providing examples of costs for homes at different price points. It also outlines three homebuyer assistance programs that provide funds for down payments or rent-to-own options based on the buyer's credit, income, and savings.
Signature Global TITANIUM SPR | 3.5 & 4.5BHK High rise Apartments in Gurgaonglobalsignature2022
Signature Global TITANIUM SPR launched a high rise apartments in Gurgaon . In this project Signature Global offers 3.5 & 4.5 BHK high rise Apartment at sector 71 Gurgaon SPR Road. Signature Global Titanium SPR is IGBC Gold certified, a testament to our commitment to sustainability.
Eco Green Builders in Sydney By Marvel HomesMarvel Homes
Marvel Homes is dedicated to revolutionizing the construction industry with cutting-edge, eco-friendly practices. We specialize in designing and building energy-efficient, sustainable homes and commercial spaces that minimize environmental impact. Our projects feature renewable energy solutions, superior insulation, and innovative green technologies. Committed to reducing carbon footprints, Eco Green Builders combines expertise, innovation, and a passion for sustainability to create spaces that are as environmentally responsible as they are beautifully crafted. Join us in building a greener, more sustainable future.
https://marvelhomes.com.au/our-services/
Selling your home can be easy. Our team helps make it happen.Eric B. Slifkin, PA
Why hire one realtor when you can hire a team for the exact cost? Our team ensures better service, communication, and efficiency, which can make all the difference in finding your perfect home or securing the right buyer. See how we market homes for sellers.
Gianluigi Torzi | Managing Director and Head of Capital MarketsGianluigi Torzi
Gianluigi Torzi is a prominent figure in the financial industry, known for his strategic leadership as Managing Director and Head of Capital Markets for the Middle East and Africa. Gianluigi Torzi extensive experience in investment banking equips him with the skills to navigate complex financial landscapes and deliver exceptional results for clients
Listing Turkey - Piyalepasa Istanbul CatalogListing Turkey
We are working around the clock to transform a long-time dream into reality. As a result, Piyalepasa Istanbul will be the largest privately developed urban regeneration project in Turkey.
THE NEIGHBORHOOD WE HAVE BEEN LONGING FOR IS COMING TO LIFE
The good old days of the Piyalepasa neighborhood are being brought back to life with Piyalepasa Istanbul houses, residences, offices, hotels and a pedestrianized shopping avenue.
The wide streets of this 82.000 square meter development conveniently face the main boulevard in a prime Beyoglu location. “Piyalepaşa İstanbul” stands out as the only project designed to offer a neighborhood lifestyle, complete with its grocers, bagel sellers and greengrocer. Piyalepasa Istanbul has all the values to make it an authentic neighborhood, our very own community.
A NEIGHBORHOOD FULL OF LIFE, IN THE HEART OF THE CITY!
“Piyalepaşa İstanbul” is a “mixed-use” concept containing all the elements for a vibrant social life with houses, residences, offices, hotels and high street shopping.
“Piyalepaşa İstanbul” will take the liveliness of Istanbul into its heart. The elegant sparkle of Nisantasi, the young and colorful Besiktas, the variety and multicultural heritage of Istiklal Street will all be contained within the streets of this neighborhood.
“Piyalepaşa İstanbul” bears traces of the most beautiful examples of Turkish architecture from the Seljuks to the Ottomans and from Anatolia to Rumelia. With its graded facades, wide eaves, bay windows, pools, and interior courtyard systems, it offers a new living space without disrupting the city’s silhouette and neighborhood.
“Piyalepaşa İstanbul” is the new attraction of this splendid city.
TO BE AT THE CENTER OF ISTANBUL… THIS IS REAL LUXURY!
With its proximity to D-100 highway, connecting roads and tunnels, “Piyalepaşa İstanbul” is only minutes away from Kabatas, Besiktas, the Golden Horn and Karakoy.
“Piyalepaşa İstanbul” is close to the prestigious new Istanbul Court House, a major hospital, the Perpa trade center and the city’s most lively neighborhoods. With its shuttle service to Okmeydani Metrobus station, Sishane and the Court House subway stations, “Piyalepaşa İstanbul” will provide you with the most convenient transport connections.
https://listingturkey.com/property/piyalepasa-istanbul/
Andhra Pradesh, known for its strategic location on the southeastern coast of India, has emerged as a key player in India’s industrial landscape. Over the decades, the state has witnessed significant growth across various sectors,
🌟 Find Your Balance with Oree Reality
Happy International Yoga Day! 🌿 At Oree Reality, we believe in the harmony of mind, body, and home. Just as yoga brings balance and peace, finding the perfect home can do the same for your life.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Expressways of India: A Comprehensive Guidenarinav14
India’s expressway network is a testament to the nation’s dedication to improving infrastructure and connectivity. These high-speed corridors facilitate seamless travel across vast distances, reducing travel time and fuel consumption
Why is Revit MEP Outsourcing considered an as good option for construction pr...MarsBIM1
Outsourcing MEP modeling services require effective collaboration and coordination amongst multiple engineering trades. The engineers and the designers often change the details of the MEP projects, but the work of Revit MEP drafting services is having the master plan and model of the complete project. To have proper coordination and installation, there is a need to execute the project effectively. Hence, the work of Revit family creation facilitates the MEP engineers.
36,778 sq. ft. building; Zoning: SE (Suburban Employment): The (SE) District allows numerous commercial site uses; Passenger elevator; Private and common restrooms; Fully sprinkled; Data center with a grounded floor and a specialized HVAC system; 60 KVA back-up generator; Building/pylon signage; Potential to purchase adjacent parcels; Sale Price: $4,413,360
1. Call 1-866-931-4202 For a FREE
Foreclosure Prevention Consul- Mortgage
tation:
Our certified loss mitigation counselors will ana-
lyze your situation and set up a plan to help you
THE BAD NEWS:
Trouble
avoid foreclosure. You’ll get advice and a free
foreclosure consultation. Our success rate in help- We Can Help,
Loss Mitigation Guide
ing homeowners avoid foreclosure gives us per- • Michigan home foreclosure rates are
suasive leverage with mortgage companies. We among the highest in the nation
know the laws pertaining to foreclosures and re-
possessions. In the vast majority of cases, we are • Experts have suggested foreclosure filings
able to stop foreclosures quickly. in Michigan could double in 2008
Its never too late for help, so don't delay • The year to date foreclosure fillings for
—act today! Michigan have reached over 117,122
• More than 1.2 million American homes
WHAT IS LOSS MITIGATION: are now in foreclosure
Loss Mitigation is a process to avoid foreclosure. • A significant portion of the increase in
In this process, the lender tries to help a borrower foreclosure filings will likely come from
who has been unable to make timely mortgage the approximately 212,000 subprime
mortgages in Michigan
payments and is in danger of defaulting on his or
her mortgage. As a gen-
eral rule, lenders only be-
gin foreclosure when all
THE GOOD NEWS:
else fails. Lenders work • We have helped many distressed
homeowners prevent foreclosure. During
with Loss Mitigation
your FREE Home Ownership Consulta-
Counselors and Housing tion, we will discuss your options to Stop
Counseling Agencies for Foreclosure and answer any questions
ways to assist homeown- you may have.
ers having financial diffi-
culties; however, their ability to assist the home-
• We are a community based affordable
housing agency dedicated to preserving
HOUSING HOTLINE
owner declines with each missed payment.. The home-ownership.
easiest way to cure a delinquency is to pay the
lender everything that is owed. This includes 1- 866-931-4202
missed payments, any late fees associated with
the payment and any other fees which the lender Contact Us Today For A FREE, Confidential
charges as a result of the delinquency. When this Home Ownership Consultation or visit
is not possible, Loss Mitigation provides alterna- us on the web at
www.mainstreetcapital.org
tive ways to help homeowners avoid foreclosure.
2. How To Prevent Foreclosure
Thanks to Main Street Mitigation
Through Loss
Capital I was able to buy
1. Repayment Plan—Develop a they pro-
my own home, written agreement
between the borrower and lender payment
vided the down outlining how to
handle missed payments. Generally, these agree-
money, and a low interest
ments require higher payments than the regular
mortgage amount for a short period ofme auntil the
mortgage, they got time
loan is brought current. a house that I
deal on
could not have possibly
2. Forbearance—The lenderown. Thank
done on my will allow borrowers a
specified period of time (usually three to six months)
you very much.
to make either lower payments or no payments at all.
Unless the loan is extended, later payments will have
to be higher than the original monthly mortgage
payments until the loan is current.
Call 1-866-931-4202 for foreclosure
3. Loan modification--A loan modification involves
prevention counseling: changing one or more of the terms of a mortgage in
order to help borrowers bring a defaulted loan cur-
rent. Modifications can be considered to reduce the
interest rate of the mortgage, change the mortgage
product (for example from an adjustable rate to a
fixed rate), or extend the term of the mortgage.
Foreclosure: Is Bankruptcy Right For Me: 4. Assumption of the loan--An assumption is a
A Growing Concern If you are considering filing bankruptcy to save your method of transferring a house to a new buyer who
Foreclosure is a real issue for our country and more home, it should be a last resort option. agrees to take responsibility for (assumes) the existing
importantly, the state of Michigan. We are living in You have that right, but it may not be the best solu- mortgage. Not all mortgages are assumable, so this
the worst housing slump since the great depres- tion: Typically, a servicer can’t offer relief while the option must first be discussed with the servicer.
sion. Not only does foreclosure have a disastrous property is under protection of the bankruptcy court
impact on families, it affects entire communities. or once a bankruptcy is discharged without reaf- 6. Short Sale—A short sale is the sale of a property
firmation. Also, lenders can offer relief options that in which the lender agrees to accept the proceeds of
the sale, even though it may be less than the amount
the bankruptcy court can’t. If the bankruptcy is dis-
owed on the mortgage. This is the best option for
charged, although they are no longer personally
home owners unable to refinance.
One child in every classroom in America responsible for the debt, the servicer can and will
is at-risk of losing his or her home be- foreclose if the borrowers don’t make payments. 7. Deed-in-lieu of foreclosure--A deed-in-lieu of
cause their parents are unable to pay foreclosure takes place when borrowers voluntarily
their mortgage. Call MainStreet Capital Housing Today gives the deed to the property to the lender.
at 1-866-931-4202.