Investors

view current
Real Estate Investments instantly.


Get an email or an
RSS Feed sent to you automatically.


Email Subscription


Delivered by FeedBurner

RSS Subscription

  • What's RSS?
  • How do I subscribe?

Sign up for RSS   Sign up!


 

4 Tag Results

4 result(s) displayed (1 - 4):

June 08, 2011

Florida Hardest Hit Fund

The Florida Hardest Hit Fund offers good news to Floridians struggling to meet mortgage obligations. This program is available through the Florida Housing Finance Corporation to help distressed homeowners facing foreclosure.

Two programs are available through Florida Hardest-Hit Fund. The Unemployment Mortgage Assistance Program (UMAP) offers financial assistance to Floridians who are unemployed, underemployed, or incurred a reduction in income.

The Mortgage Loan Reinstatement Program (MLRP) offers funds to Florida homeowners to help them cure mortgage arrears on their first mortgage

Real Estate Investing article on "Florida Hardest Hit Fund "

July 30, 2010

Foreclosure Process

The foreclosure process will vary depending on the state of residence and servicing mortgage lender. However, the process begins when banks send borrowers a breach of contract or payment collection notice. This is referred to as the preforeclosure phase. If mortgagors can cure mortgage arrears and make future mortgage payments, the process could end at this stage.

The foreclosure process continues when borrowers ignore collection letters or are unable to enter into foreclosure prevention strategies offered by the bank. Once borrowers receive a notice of default it is in their best interest to immediately contact their lender. Ignoring the situation only escalates the process.

Real Estate Investing article on "Foreclosure Process"

October 01, 2009

Mortgage Forbearance

Mortgage forbearance is a financing option available to qualified borrowers who become delinquent on their home mortgage loan. Lenders enter into forbearance agreements to help homeowners avoid foreclosure. The only "catch" is borrowers must provide evidence they possess the financial means to cure mortgage arrearages and remain current on future mortgage payments.

Once a mortgage forbearance agreement is in place, lenders cannot proceed with foreclosure action unless borrowers default on their repayment plan. In most cases, borrowers work with their lender's loss mitigation department to obtain approval for extending mortgage payments

Real Estate Investing article on "Mortgage Forbearance"

September 10, 2008

Foreclosure

Foreclosure rates are skyrocketing and millions of Americans are facing the very real possibility of losing their home. Many homeowners are choosing to walk away from their house because they can no longer afford to pay high-interest mortgage notes on real estate which is now worth less than it was when they purchased it.

Foreclosure is also affecting numerous unsuspecting tenants. Oftentimes, homeowners rent their distressed property in hopes of being able to retain their property. If they end up losing their home to foreclosure, tenants are forced to move and generally end up losing their security deposit and advanced rent monies.

Real Estate Investing article on "Foreclosure"