Federal Help With a Foreclosure
Lenders foreclosed on 2.8 million properties in 2009, according to Reuters. That's a record high--120 percent more than just 2 years earlier--and Reuters estimates the 2010 figure will be higher…
Advice on Mortgage Refinancing
Refinancing your mortgage can generate significant monetary savings over the life of the loan. Like all financial matters, refinancing your mortgage should justify the effort and the expense in the…
How Do I Remove a Spouse From an Existing Mortgage Without Divorce?
Removing a spouse from a joint mortgage requires that the lender agree to the removal. Since the mortgage was originally underwritten jointly, releasing one party from the obligation to repay…
What Does a House Appraisal Consist Of?
In a real estate transaction, the buyer wants to ensure he isn't paying more than a property is worth. At the same time, the lender wants to provide financing that…
How to Profit From Your Home Sale
There was a time when homeowners put their houses on the market as-is, and hoped for the best with regards to how much money they made on the sale. A…
Top 5 Value Enhancers When Buying a Foreclosure Home
Foreclosed homes are often some of the most affordable homes in today’s real estate market, and both homebuyers and investors are attracted to them for their long-term financial benefits. If…
How are Short Sales on a VA Loan Different?
Today’s veterans have President Roosevelt to thank for their housing benefits. Signing the GI Bill of Rights into law provided our service members – who fight so hard to maintain…
The Right Stuff: Which Defects Offer the Most Opportunity for Profit?
Successful flipping isn’t just a matter of finding a house and fixing stuff that’s wrong with it. Successful flipping means finding a house with the right stuff wrong with it!…
Tax and Credit Implications of the Short Sale
Is this really the ultra-savvy financial move it is made out to be, or are real estate agents and foreclosure rescue firms glossing over the ugly tax and credit implications…
Understanding the HUD/FHA Short Sale Process
Distressed homeowners who have exhausted most other methods to avoid foreclosure on their homes typically decide to perform a short sale. If you have an FHA-backed loan, you’ll be happy…