Options for Distressed Homeowners

Written on March 30, 2010 – 4:41 pm | by Mary |

Each of these options may have potential issues and may carry eligibility restrictions. Your first steps are to take full stock of your situation and then contact both an experienced distressed property Realtor and your lender. The thing not to do is wait…if you are a homeowner in trouble; time is not going to cure what ails you.

Shadow Inventory Investment Opportunities

Written on March 1, 2010 – 12:58 pm | by Mary |

In addition, since the governmental modification programs and refinance programs didn’t avail themselves to homeowners who were either too wealthy or owned too much on their homes; a very large percentage of the shadow inventory homes are luxury class. Many of these homeowners have given up and have vacated their homes.

Fannie Mae and Freddie Mac Loan Modification

Written on January 21, 2010 – 11:05 am | by Dave |

I just explored this great opportunity if you are having a hardship and you live in your primary residence. If your 1st mortgage is backed by Fannie Mae or Freddi Mac, the FED has approved the HAMP program that will allow you to reduce your Principle & Interest to a more reasonable payment. In some [...]