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> News of the day <
Here are some additional discussions relating to the mortgage industry from my main information site.
http://bestvirginiahomeloans.com/why_do_i_apply_once_get_15_calls_641.htm
http://bestvirginiahomeloans.com/content/stop_foreclosure_now_113.htm
http://bestvirginiahomeloans.com/content/mortgage_faqs_886.htm
http://bestvirginiahomeloans.com/content/should_i_get_a_fixed_rate_or_an_adjustable_rate_895.htm
http://bestvirginiahomeloans.com/content/will_my_mortgage_be_sold_and_why_988.htm
http://bestvirginiahomeloans.com/content/what_lenders_look_for_783.htm
http://bestvirginiahomeloans.com/content/improve_my_credit_score_608.htm
http://bestvirginiahomeloans.com/content/arm_adjustment_caps_898.htm
http://bestvirginiahomeloans.com/content/links.htm
http://bestvirginiahomeloans.com/content/below_500_refinance_630.htm
http://bestvirginiahomeloans.com/content/credit_dos_donts_during_the_loan_process_602.htm
http://bestvirginiahomeloans.com/content/should_i_own_a_home-rent_vs_own_ 755.htm
http://bestvirginiahomeloans.com/content/how_can_an_arm_loan_benefit_me_629.htm
http://bestvirginiahomeloans.com/content/refinance_180.htm
http://bestvirginiahomeloans.com/content/jumbo_home_loan_233.htm
http://bestvirginiahomeloans.com/content/what_are_discount_points_130.htm
http://bestvirginiahomeloans.com/content/do_i_need_a_mortgage_broker_291.htm
http://bestvirginiahomeloans.com/content/credit_repair_guide_7.htm
http://bestvirginiahomeloans.com/content/loan_programs_for_people_with_low_fico_score_189.htm
http://bestvirginiahomeloans.com/content/credit_collections_-_should_i_pay_537.htm
http://bestvirginiahomeloans.com/content/lenders_for_terrible_credit_465.htm
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Published on March 20, 2008 by Brian
Just a brief recap of the (very) local market. Of the 14 homes listed for sale in my development, all but 2 have the infamous “3rd party/ (lender) senior management approval required” blurb on the MLS listing. The bad news, 4 home sold at foreclosure auction at the convention center last weekend. The two closest to my house went for $230,000 or roughly 60% of their purchase price 2 – 2 1/2 years ago at the TOP of the market. One owner relocated, purchased another home in Texas and tried to rent/sell for 6 months before the house finally went to foreclosure. On the brighter side, there was an actual sale 2 homes west of the foreclosure property and I should know within the next couple of days what the sales price was. I know the last listing price was in the mid $300’s and this house was purchased 12 December 2004 for $366,000. The highest sales price I have seen in this development was $424,000 in June 2005, but this home has been vacant/listed for 10 months now and I fear that it will go to foreclosure soon.
Published on March 16, 2008 by Brian
Our goal is to stop your foreclosure and give you a fresh start. We are specialists in working with your lender, or lenders, to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender can accept.
We fully understand that you have a serious problem and only a short time to overcome the real possibility of losing your property.
The lender wants to see a provable relationship between the homeowner’s income and expenses that will ensure them and the federal regulators that the homeowner will be able to make his payments in the future.
KNOW THE LAW – Every State has different foreclosure laws that govern how long it takes a lender to foreclose on your home. Time can vary from 60 days to 9 months. Contact us and let us know what State you’re in and we will send you your rights, in your State (more…)
