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10 result(s) displayed (1 - 10):

December 14, 2011

Nevada Foreclosure Mediation Program

The Nevada Foreclosure Mediation Program is worth investigating if you're a homeowner and resident of the state and in need of foreclosure prevention assistance. Thus far, this program has helped nearly 8,000 property owners avoid foreclosure through loan modification, mortgage refinance, and foreclosure alternatives.

To take advantage of the Nevada Foreclosure Mediation Program requires homeowners to be proactive the moment they receive a Notice of Default from their bank. This program requires homeowners to remit an application within 30 days from the date they receive the notice.

The cost to participate in this program is $200. This covers the cost of mediation services and can expedite the approval process. Anyone who has attempted to work with their lender to stop foreclosure knows how challenging it can be to talk to a helpful person. Using mediation services forces lenders to engage in conversation to resolve the issue.

Real Estate Investing article on "Nevada Foreclosure Mediation Program "

May 02, 2011

Improper Foreclosure

Improper foreclosure is something you'll be hearing about a lot. The media is abuzz over bank regulators launching a plan to provide monetary compensation to homeowners whose homes were illegally seized.

Improper foreclosure occurs when banks do not have proper mortgage assignment documents. In recent weeks, much has been publicized about mortgage lenders hiring robo-signers to forge signatures on loan documents; allowing banks to foreclose via fraudulent means.

Real Estate Investing article on "Improper Foreclosure"

August 09, 2010

Real Estate Buying Bank Owned

Real estate buying bank owned refers to purchasing properties that have been repossessed by mortgage lenders. Bank owned properties consist of foreclosure real estate that did not sell through public auctions or were held by lenders until market conditions improved and could be sold at a higher price.

Real estate buying bank owned has become a popular strategy amongst real estate investors, home buyers, and business owners looking for cheap commercial properties. Bank owned foreclosures are often priced upwards of 20- to 30-percent below appraised value. Properties are sold directly through each bank's loss mitigation division or their assigned realtors

Real Estate Investing article on "Real Estate Buying Bank Owned "

July 10, 2010

Loss Mitigation

Loss mitigation is a banking division that handles delinquent accounts. Employees of this division are known as loss mitigators. Their primary job function is to work with borrowers that have fallen behind with mortgage payments and devise a payment plan that keeps financial losses to a minimum.

Loss mitigation handles a variety of real estate transactions including loan modifications, mortgage refinance, pre-foreclosure and foreclosure, mortgage forbearance, real estate short sales, and deed in lieu of foreclosure.

Real Estate Investing article on "Loss Mitigation"

July 07, 2010

Florida Refi

Property owners in the Sunshine State are turning to Florida refi in order to reduce mortgage payments or obtain cash for home improvements, college tuition, or to pay off high interest loans and credit card debt.

When borrowers enter into Florida refi they are taking out a new home mortgage loan. Therefore, borrowers should be prepared to provide financial records to exhibit they are credit worthy. Borrowers must also be financially prepared for upfront mortgage refinancing fees.

Real Estate Investing article on "Florida Refi"

June 28, 2010

AZ Refi

AZ refi can be a good option for real estate investors and individuals with property located in Arizona. Many property owners are electing to refinance mortgages before interest rates rise. Others enter into cash-out refinancing to obtain funds for home improvements or to pay off outstanding debts.

http://www.simonvolkov.com/az-refi.htmlgives Arizona property owners the opportunity to reduce monthly installments by reducing the rate of interest and extending terms of the note. However, borrowers must be aware of the costs involved with refinancing mortgages. The average cost ranges between $2500 and $6500, but could be more when mortgages contain a prepayment clause.

Real Estate Investing article on "AZ Refi"

June 24, 2010

Florida Mortgage Refinance

Homeowners in the Sunshine State often turn to Florida mortgage refinance in order to reduce monthly payments. Although refinance rates can range between 2- and 5-percent of the loan value, obtaining a reduction of 2-percent can substantially reduce the overall cost of home mortgages.

By entering into Florida mortgage refinance, borrowers can sometimes obtain cash back which can be used to pay off credit cards, make home improvements, or pay for college tuition. Florida refi is also a good option for homeowners who own investment properties used for seasonal or long term rentals.

Real Estate Investing article on "Florida Mortgage Refinance"

May 27, 2010

Refinance Rates

Refinance rates can amount to several thousand dollars; especially if homeowners are consolidating two or more home loans. While mortgage refinance can ultimately save borrowers a considerable amount of money over the term of the note, it is imperative to compare lenders to obtain the lowest rate of interest and avoid unnecessary fees.

Numerous refinance rates can be assessed. These costs can range from less than $100 to more than $2500. Banks typically charge refinance fees for new loan applications, credit reports, preparation of loan documents, home appraisals and inspections, lawyer review, and closing costs.

Real Estate Investing article on "Refinance Rates"

November 23, 2009

Real Estate Forbearance

Real estate forbearance agreements are used when mortgage borrowers become delinquent with home loan payments. In order to qualify for loan forbearance, homeowners must possess the financial ability to make future payments and work with a bank loss mitigator to devise a repayment plan to cure mortgage arrearages.

When real estate forbearance agreements are issued the mortgage lender agrees not to initiate foreclosure proceedings as long as the borrower complies with payments terms. Mortgage forbearance repayment plans typically extend between three and twelve months.

Real Estate Investing article on "Real Estate Forbearance"

November 13, 2009

Deed in Lieu

Deed in lieu is an option presented to borrowers facing foreclosure. Deed in lieu agreements allow borrowers to return their house to the mortgage lender and walk away. Although homeowners' lose all vested monies and receive no sale proceeds they can avoid foreclosure and lessen credit damage.

Mortgage lenders are not required to offer deed in lieu agreements. However, banks benefit by this type of real estate transaction because it allows them to avoid the costly expense of foreclosure eviction.

Real Estate Investing article on "Deed in Lieu "