Can a Short Sale Help?
written by: Lawrence Zeh Can a Short Sale Help? A short sale can help you if you are underwater on your mortgage and looking for a solution. Keep reading to learn what the banks don’t what you to know and how to protect yourself and your family. The most important thing to remember when considering a short sale is that …
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What To Do If You Are Underwater On Your Home
Written by: Michael Thaler What to do when you are upside down (underwater) in your home. Large numbers of people owe 50% more on their home than what it is worth. Many owe double. In places like California loan balances exceeding three times the value of the property are fairly common. Many people are throwing good money after …
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“We have a bigger, nicer home and it is in the area we always wanted to live!”
There are a lot of half truths about Strategic Default. Here is my story about our Strategic Default in Ca. We purchased our first home in 2004 for $300k. It was 80 miles from where we had previously lived and preferred to stay; however, homes in that area were in excess of 500k. In 2007 we knew the market was …
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We have always paid our bills on time…
Below is a story from one of our readers: “We have always paid our bills on time. We never had a late house payment with the 4 homes we owned. In the fall of 2009 my husband, daughter and I decided to move back “home” to PA as our mothers were widows there and we now had 5 grandchildren there …
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My story about credit scores…
I stopped paying my up-side-down mortage 6 months ago. Starting in Oct, all the credit card companies that I do business with have decided to simultanously lower my credit lines to about 10% of what they used to be, dispite the fact that I have never ever missed a payment,
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“Chase is trying to steal my home”
The program HAMP is really not true. The Banks do want the properties so they can make even more money than what they are entitled to. Some one has to believe us… Here is my story…
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