Considering A Short Sale? Maybe – Maybe Not

Sunday, August 29th, 2010

Short sales have long been considered the most unpleasant form of real estate transaction. Nevertheless, many homeowners in California are turning to them as a way to improve their financial situation. At Able Financial Solutions, we consider short sales to be as uncomfortable as they are costly, but we also recognize that under certain situations, [...]

Debt Relief and Foreclosure

Thursday, July 9th, 2009

Since there are many people unemployed right now, many homeowners are unable to keep paying their mortgage payments. Some of them have good rates but still, without income, they still cannot keep up. Some homeowners have adjustable rate mortgages and find their home payments adjust to twice what they were paying. Many homeowners cannot afford [...]

What to do about investment properties?

Sunday, April 15th, 2007

aCeRBic asked: I own several rental properties and financed them with the notorious sub prime adjustables. All the interest rates have reset and are now approaching 12% from about 5-6% initially. I have tenants in all (one will leave next month). I am having trouble selling them and cannot refinance. I continue to pay [...]

should i refinance to purchase investment properties?

Sunday, January 14th, 2007

Maria M asked: i reside in North Bergen, NJ 07047 i’m trying to refinance to purchase an investment property but i don’t want to lose my low APR rate for a higher rate. i currently have a 5.25 on my 1st mortgage and a 5.8 on my second. lenders now are charging ridiculous closing cost [...]

Does the government have a plan to lend money for investment properties and if so how realistic is it?

Friday, March 24th, 2006

Property investor asked: Investment properties are getting harder to refinance after the properties have been fixed. Does the government understand that when they lower the interest rate the lenders make it harder for anyone to get loans and requiring higher credit scores, higher savings, and just higher requirements to even qualify for regular loans? Not [...]