Articles, tagged with "deficiency judgment", page 1

The Long Story behind the Short Sales

Short sales in real estate is a sale of the property wherein the proceeds fall short of the balance the owner (or borrower) of the property has to pay the lender. This often occurs in situations where the borrower could not the amount he borrowed from t... Read >
Author: Nazima Golamaully

Save Your Credit history decide on a Deed in Lieu of Foreclosure

Being faced with a foreclosure on your property is one of the most nerve-racking situations in life. You might be concerned with losing your household and your investment, and you hate the very idea of a foreclosure and the effects it is going to have on... Read >
Author: myforecl

Fast Loans: A NO RISK POSITION FOR BOTH THE BORROWER AND THE LENDER

Are you finding a risk free monetary aid? Do you want to avoid the high interest rates of different kinds of debts? Then do not wait and opt for the Fast loans. This is a financial aid which is provided to a person keeping some or any of his assets as col... Read >
Author: Ashley006

Can I Simply Walk Away from My Mortgage

This is an educational article about the current financial crisis and whether it is wise to "walk away" from your mortgage. The answer to this question depends to a large part on whether you live in a state that has consumer protection statutes known a... Read >
Author: Mitchell Sussman

How Can You Avoid Mortgage Foreclosure

Mortgage foreclosure could occur if homeowners, who have taken a VA, conventional loan, or an FHA insured loan, default on the mortgage payments. The lender would gain possession of the borrower's home when its foreclosed. If the value of the home is less... Read >
Author: CoryBoatright

How To Avoid Mortgage Foreclosure

Mortgage foreclosure can occur if homeowners, who have taken a VA, conventional loan, or an FHA insured loan, default on the mortgage payments. The lender will gain possession of the borrower's home when it is foreclosed. If the value of the home is less ... Read >
Author: CoryBoatright

Six Defenses To Mortgage Deficiency Judgment Claims

According to Realty Trac, a leading housing industry research firm, nearly 2 million foreclosures will occur in 2011 and likely will continue well into 2012. With so many facing foreclosures, distressed homeowners will likely be faced with the decision to... Read >
Author: Roy Landers

Short Sale v Foreclosure: Using a Short sale to Avoid Foreclosure in Florida

Selling your home via a short sale is an increasingly popular method that homeowners in south Florida are utilizing to avoid foreclosure, and many homeowners want to study the benefits of a short sale v foreclosure. Short sales - transactions where a home... Read >
Author: lexordaren

Why Would a Lender Accept a Short Sale in Raleigh?

A short sale in Raleigh real estate is not always a pleasant transaction. There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For o... Read >
Author: Rodney McNabb

What is a Deficiency Judgment?

A deficiency judgment is a judgment lien against a debtor, defendant or borrower whose Raleigh foreclosure sale did not produce sufficient funds to pay the mortgage in full. This option may or may not be available to the lender, depending on whether they ... Read >
Author: Rodney McNabb

Take Advantage Of Short Sale Services To Save Your Real Estate Property

After the recession and credit crunch of 2007, many Americans are finding it hard to make the monthly payments toward mortgage. As a result, many are opting for foreclosure. Some want to avoid foreclosure and want to take advantage of short sale services.... Read >
Author: Kathleen Chester

Santa Saves Some Homeowners from Foreclosure with a Great Offer

For some Ft. Lauderdale homeowners that have fallen behind on their mortgages Santa Claus is just around the corner. The issue however appears to be convincing them that accepting the gift is the right financial decision for their financial future. A n... Read >
Author: FTLRealEstate

Short Sale Deficiency Judgments Limited

Prior to 2011, only those borrowers with purchase money loans on their homes had the privilege of utilizing the short sale process to sell their properties without worry of a lender seeking to obtain deficiency judgments against them sometime in the futur... Read >
Author: Brian S. Icenhower

In the Spotlight: California Short Sale Part 1

Understanding what a short sale is and how it affects your credit. Short Sale Transactions: What is a short sale? Is a sale of real estate property in which the outstanding debt (ie: mortgage’s) you owe are more than what the property is worth. I... Read >
Author: Professor Loan Mod

Things you should know about doing a Short Sale on your HOME!

•A foreclosure stays on your credit for 10 years as a public record •A Short Sale only affects your credit for 2 years and shows as paid, not a public record •After a foreclosure, you can't finance a house through Fannie Mae for 5 years. •After a Shor... Read >
Author: Professor Loan Mod

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