Suggestions To Have A Successful Loan Modification From Your Lender
Saturday, August 13th, 2011Loan modification is the method where the terms of a mortgage are modified outside the original terms of the contract agreed to by the lender and borrower (i.e mortgagor and mortgagee). A lot of American homeowners today are behind on payments or facing foreclosure. Banks a lot more than ever are providing loan modifications to [...]
Banks Unfreezing Credit Markets By Freezing Debt Markets
Monday, August 8th, 2011Decades of making money low-cost, easy to print, and similarly easy to loan out have resulted in a big number of Americans struggling under an enormous debt burden. The banks which have lent out this money are now restricting credit to borrowers, despite their creditworthiness, and truly damaging peoples’ credit histories for no rational reason. [...]
Defending A Foreclosure – 3 Legs To Stand On
Friday, July 1st, 2011When homeowners begin to consider dealing with an attorney to defend their foreclosure in court, they typically feel overwhelmed by theamount of nonsense and bureaucracy they are forced to deal with. Butregardless of whether they’re defending a bank’s lawsuit against them, or initiating their own to quit an auction under a power of sale clause, you’ll find three principalcategories of defense that borrowers can consider. The [...]
Sell And Rent Back Companies
Sunday, February 6th, 2011In this struggling economy, are you currently considering using a sell and rent back company as a way to stay in your own home? Do you need some advice on how to use a sell and rent back company wisely? Sell and rent back companies are not the wisest financial move homeowners can make, but [...]
Property Management – Four Drawbacks Potential Landlords Should Consider About Rental Properties
Sunday, October 31st, 2010Real estate investments are a great way to make lots of money; however, there are things you need to ponder before you jump out of the frying pan and into the fire. This is never truer for someone who is purchasing property for the lone purpose of becoming a landlord. While there are great reasons [...]
Investing – How Apartment Buildings Can Make You Financially Free – And That Fast!
Friday, October 29th, 2010Most people want to become financially free but very few achieve financial freedom. Most people do not even try to become financially free. They do not believe they can get there, unless they win the lottery. But if you really want to become financially free, one of the fastest ways is to invest in apartment [...]
Considering A Short Sale? Maybe – Maybe Not
Sunday, August 29th, 2010Short 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, 2009Since 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, 2007aCeRBic 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 out [...]
should i refinance to purchase investment properties?
Sunday, January 14th, 2007Maria 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 [...]
« Previous Entries