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23 Tag Results
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April 24, 2009
Bad Credit Lender Loan Mortgage
Bad credit lender loan mortgage is a form of home financing available for people with poor credit. When the bottom fell out of the banking industry, lenders imposed new mortgage lending guidelines. In addition to requiring a high FICO score and solid employment record, borrowers must also have a substantial down payment before qualifying for a home loan today.
Obtaining a bad credit lender loan mortgage is not the same as subprime loans. However, bad credit loans cost more to obtain. Borrowers with low credit scores are viewed as high-risk; meaning there is a good possibility they will default on their mortgage note.
Real Estate Investing article on "Bad Credit Lender Loan Mortgage"
March 27, 2009
We Buy Ugly Houses
We buy ugly houses is the registered trademark of HomeVestors of America; a nationwide franchise based in Dallas, Texas. HomeVestors has been involved in recycling houses for nearly 40 years, making them one of the most recognizable house buying organizations in the U.S.
Most people are familiar with the "We Buy Ugly Houses" billboards and yard signs. The bright red and yellow signs with gigantic letters claiming to buy unsightly homes bring hope to distressed homeowners who need to sell their house fast or face foreclosure.
Real Estate Investing article on "We Buy Ugly Houses"
March 23, 2009
How to Avoid Probate
Understanding how to avoid probate can save your estate thousands of dollars and endless hours of time. Many people do not realize that the probate process takes an average of three years to complete. During this time assets depreciate in value while attorney fees escalate.
The following tips reveal how to avoid probate strategies which can easily be implemented at little or no charge.
Real Estate Investing article on "How to Avoid Probate"
March 13, 2009
Fail Out of Bankruptcy
The term, 'fail out of bankruptcy' refers to the debtor's inability to adhere to their bankruptcy repayment plan. Personal bankruptcy includes Chapter 7 and Chapter 13. With Chapter 7, outstanding debts are discharged, while Chapter 13 allows debtors to reorganize their debt and repay it over an extended period of time.
One missed payment can cause a debtor to fail out of bankruptcy. When this occurs, creditors are allowed to petition the bankruptcy court and request dismissal. In most cases, the judge will allow the debtor to explain why they missed their payments. However, if the bankruptcy is dismissed creditors can commence with collection proceedings
Real Estate Investing article on "Fail Out of Bankruptcy"
March 05, 2009
Buy My Home
"Man wears 'buy my home' sandwich board in desperate attempt to sell his house." This headline caught my eye as I skimmed through a local paper. The story went on to explain how the homeowner had been trying to sell his house to stop foreclosure. He claimed the sandwich board seemed to work for people trying to find work, so he thought he would try it as a last ditch effort to save his home and credit.
Perhaps there will be a new market for "buy my home" sandwich boards. That wouldn't be a bad thing considering how many people are losing their jobs. But, do homeowners really have to engage in this type of drastic advertising? The answer is no!
Real Estate Investing article on "Buy My Home"
February 17, 2009
Bankrupt
The word 'bankrupt' refers to a person or business that is financially ruined. Both people and companies can rebound from being bankrupt, but their chances for success are limited if they don't take time to investigate what caused them to become bankrupt in the first place.
Today, there is an abundance of bankrupt people and businesses. From automakers and lending institutions, to the corner grocer and your neighbors. Everywhere you turn there is news of gloom and doom, a failing economy, and unemployed people
Real Estate Investing article on "Bankrupt"
January 13, 2009
Bancruptcy
Bancruptcy is a common misspelling for the word 'bankruptcy'. Regardless of how you spell it, the thought of facing bankruptcy generally conjures up fear, anxiety, stress and shame. It's important to realize millions of Americans are currently in the same financial boat. With endless economic upheaval and skyrocketing unemployment rates, the entire country is on the verge of bancruptcy.
The good news is bancruptcy provides the opportunity to reduce or eliminate outstanding debts and start afresh with a clean financial slate. The bad news is new bankruptcy laws were implemented in 2005; making it considerably more difficult to obtain full discharge of debts.
Real Estate Investing article on "Bancruptcy"
September 28, 2008
Filing Bankruptcy
Filing bankruptcy is an important decision that has far-reaching effects. Although personal bankruptcy can help consumers get back on track financially, other debt elimination plans should be attempted when possible. Bankruptcy alternatives include debt consolidation, debt settlement, credit counseling and budgeting.
When filing bankruptcy is the only option, it is important to understand the pros and cons of this action. When debtors petition the bankruptcy court, an "automatic stay" is put into place. The stay prevents creditors from moving forward with debt collection and will temporarily stop foreclosure. However, when people file bankruptcy to prevent losing their home, they must continue making mortgage payments until their repayment plan is approved by the court.
Real Estate Investing article on "Filing Bankruptcy "
August 21, 2008
Personal Bankruptcy
Personal bankruptcy includes Chapter 7 and Chapter 13 of the United States Bankruptcy Code. Chapter 7 eliminates outstanding creditor debts through liquidation of assets, while Chapter 13 allows individuals to retain assets through restructure of payment to creditors.
Many Americans file personal bankruptcy when they are no longer able to keep pace with their financial responsibilities. Oftentimes, people are thrown into bankruptcy due to unemployment, medical issues, divorce or death of a spouse. Other times, bankruptcy is brought on due to reckless and irresponsible spending habits.
Real Estate Investing article on "Personal Bankruptcy "
May 07, 2008
Pre Foreclosure
Pre foreclosure is the process instituted by mortgage lenders when borrowers default on their house payments. Most lenders take pre foreclosure action when the borrower fails to remit their mortgage payment for two or more consecutive months. Occasionally, lenders will wait three months before filing pre foreclosure notice; however, this is rare.
The pre foreclosure stage gives borrowers an opportunity to work with their lending institution to rectify the situation and avoid foreclosure. If the borrower is able to get their mortgage payments current the lender will generally reinstate the loan and no further action will be taken.