Your Questions About Short Sale Homes
Michael asks… buying short sale homes vs. foreclosures…will banks move much on the price? Are short salehomes as negotiable as foreclosures? I have purchased 3 foreclosed properties and negotiated awesome prices. I have never looked into or tried to purchase a potential short sale. Will banks move as much on them as they will a [...]
Your Questions About Foreclosure Homes
Ken asks… how much foreclosure homes cost and where to buy? I am thinking of buying a cheap home. Is it a good idea to buy foreclosure. Can you buy cheap here or are there hidden costs? Anyone ever successfully buy one? Which is the best place to look for some? Larry answers: In general [...]
Your Questions About Ohio Foreclosure Help
Joseph asks… How to sell a house in pre foreclosure through a realtor? Got a house in Puerto Rico, I am living in Ohio, don’t want to go back to Puerto Rico. verbal agreement with brother for him to live the house and pay mortgage. he got laid off from work, missed payments, pre foreclosure [...]
Your Questions About Short Sales In California
Maria asks… what is the difference between a forclosure and a short sale in california.? WHICH IS THE BETTER OPTION FORECLOSURE OR SHORT SALE. WHICH HAS A POTENTIAL FOR COST AT THE END? UPSIDES AND DOWNSIDES OF BOTH. i wamnt to leave the home i am in already, not buy. which is the best option [...]
Your Questions About Countrywide Short Sale
Carol asks… Short sale – Chances of getting it approved? I put in an offer for $479k on a short sale property. We think it’s going to get appraised at $505k or $510. Somewhere between there. Lets say the sellers/current owners are qualified for the short sale. What are the chances that the banks (yes, [...]
Your Questions About Bank Of America Loan Modification Package
Lisa asks… Our bank isn’t trying to help with the loan remodification, now what? We had countrywide and filed to get a loan re-modification in late Nov., 2008 we were told it would take about 2 months to get everything done. All paperwork needed was send and all that was needed was them to review [...]
Your Questions About Loan Modification Process
Chris asks… How does home loan modification work? What is the process? Larry answers: You contact your mortgage company for the info, to send you a packet. It will show as partial payments, so your credit score will be affected. Mary asks… can rental income consider in the loan modification? Can rental income consider income [...]
Your Questions About Mortgage Loan Rate Quotes
Sandy asks… Which Mortgage Plan should I do…20 year or 30 year? 20 year or 30 year mortgage. ? I just got my mortgage interest rate quotes for refinancing. I have Excellent Credit! I am 30 years and single. 30 year fixed @ 5% payment $805.23 20 year fixed @ 4.875% payment $980.02 If I [...]
Your Questions About Stop Foreclosure
Steven asks… How do I stop a foreclosure? We got about a month behind on our mortgage right after hurricane Ivan due to damages and my husband out of work (his work was damaged). We have our mortgage through Ameriquest. We almost had it caught up and they upped the interest rate twice, increasing the [...]
Your Questions About Short Sale Process
Steven asks… Short Sale? I owe 320K on my first and 80K on my second, our home value is only 260K will a short sale still be accepted and if so do you continue to make regular mortgage payment during the short sale process. Thanks. FYI I’m in California Larry answers: 1. No, do not [...]