You make the call! I get the question from people all the time: short sale or foreclosure, which is the better option? My knee-jerk reaction is always “Are you kidding? Short sale, of course!” This has been mostly because I was always under the impression that a short sale, although still a ding ... Continue Reading » about Short Sale vs. Foreclosure?
avoid foreclosure
Your Ticket to Freedom from Mortgage Frustration
In the news, there is talk of a housing recovery. Experts feel more optimistic about the state of housing industry in America. However, if you or someone you know is one of the millions of homeowners who is stuck with a home on which you owe more than the property is worth, the feeling of ... Continue Reading » about Your Ticket to Freedom from Mortgage Frustration
3 Reasons the Term “Strategic Default” Is Misleading
In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth). Now that more than one in four ... Continue Reading » about 3 Reasons the Term “Strategic Default” Is Misleading
Is Your Mortgage out of Balance with your Budget?
It can happen quickly. An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance. Once the scales turn against you, it can feel like it is impossible ... Continue Reading » about Is Your Mortgage out of Balance with your Budget?
It’s a sign of the times!
Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll. Since 2007, 7.9 million homeowners ... Continue Reading » about It’s a sign of the times!
Break Free From Unaffordable Mortgage Payments!
A recent study in Nevada (a state that holds the nation’s highest foreclosure rate), found that only 5% of distressed homeowners knew they had alternatives to foreclosure, and only 3% took advantage of them. It was also found the 1 in 4 homeowners chose to “strategically default,” or allow their ... Continue Reading » about Break Free From Unaffordable Mortgage Payments!