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Upside Down Homeowners-Should You Stay or Should You Go?

Sunday, February 7, 2010

Upside Down Homeowners-Should You Stay or Should You Go? The debate is raging for homeowners who are upside down in their mortgages. With 30% of the population owing more than their houses are worth, many homeowners are weighing the pros and cons of walking away from their homes. Understanding all your options is one of [...]

2009 Top Real Estate Video On YouTube

Thursday, January 21, 2010

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2009 Top Real Estate Video On YouTube If you have not seen this video by now then you’ve really been out of it. I’m sharing it with my online friends because it is not just clever but it’s CLEVER. This is a parody using a clip with Hitler as a real estate investor. He bought [...]

Are Loan Mods Just Another Exotic Mortgage?

Thursday, January 14, 2010

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Are Loan Mods Just Another Exotic Mortgage? This is a great question and I’m not the only one asking it. The following article challenges the view of loan mods as a long term solution. It is said that when the “step up” interest rate settles after 5 years in its permanent place, there will be [...]

Is this a False Bottom in the Foreclosure Arena?

Sunday, October 18, 2009

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Is this a False Bottom in the Foreclosure Arena? Many folks are hoping for the best in the economy and rushing to the announcement of a quick recovery. The questions are these: Are the signs really there? Is it wishful thinking? Or is this just the eye of the hurricane? I believe the [...]

Loan Modification vs Short Sale

Thursday, October 1, 2009

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Loan Modification vs Short Sale Many homeowners don’t know what direction to go when they are facing foreclosure. They are unfamiliar with the term “short sale” so they don’t know what their options are. Kurt Novak sheds some light on these two options. Are Loan Modifications Better than Short Sales? by Kurt Novak When you [...]

Loan Modifications-Do it Yourself Pros & Cons

Tuesday, September 29, 2009

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Loan Modifications-Do it Yourself Pros & Cons

Loan Modifications-Do it Yourself Pros and Cons Many people who need loan modifications don’t have the money to pay upfront or on the backend so they end up trying to do the negotiations themselves. There are pros and cons to this strategy and let’s explore that here. Pros: You don’t have to pay someone money [...]