8 Articles match "Balance","Example","Sales"

• The Best from RealtyTrac

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• New Tax Law Spurs More Short Sales, Expert Says
  
  For real estate investors looking for pre-foreclosure bargains, a new federal law could unleash a torrent of short sales as struggling borrowers facing foreclosure unload their over-mortgaged homes to avoid huge tax bills on capital gains. HR 3648 , or the Mortgage Forgiveness Debt Relief Act, signed by President George W. Lucier , means more struggling borrowers will consider selling their homes to investors through short sales. Bush on Dec. 20, helps people whose homes are in foreclosure by canceling taxes on any mortgage debt that has been forgiven by their lender.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Glossary of Foreclosure and Real Estate Terminology - Realtytrac
  
  When recorded, it is the initial step in a Trustee’s Sale Proceeding. Notice of Trustee’s Sale A document which is mailed, advertised, posted and recorded. Among other information, it provides the date, time and location of the Trustee’s Sale and also contains a description of the property to be sold. Postponement A verbal announcement made at the time and place of the scheduled Trustee’s Sale. Check out our NEW Features! Login Why Join? FREE Trial Feedback Help
  www.realtytrac.com - Tuesday, February 3, 2009
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• Separating the wheat from the chaff: legitimate foreclosure investors vs. scammers
  
  Make a comment or send us an e-mail . Posted 03-29-2006 6:49 PM by darenb Filed under: Pre-Foreclosures Comments
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• Fighting Foreclosure: Seven Ways to Dodge Delinquency
  
  Reinstatement Prior to a foreclosure sale, borrowers have the right to reinstate a delinquent loan. For example, delinquent mortgage payments may be added to the loan balance or the borrower could be given more time to bring the late payment current. Most states permit redemption up to the foreclosure sale. The sharp rise in foreclosure activity in recent months does not paint a pretty picture for distressed borrowers: 437,000 foreclosure filings were reported in the first quarter of this year, according to RealtyTrac . If you are falling behind on your mortgage
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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• The Government Goes After Loan Officers
  
  Most investors who bought these securities,” says the SEC, “lacked the cash or income to do so, but were urged by their brokers to raise the money to pay for the purchases and the monthly payments required for these products by refinancing their fixed-rate mortgages into subprime adjustable-rate negative amortization mortgages.” According to the SECs complaint “each defendant was a mortgage broker as well as a registered representative and collected compensation from the mortgage refinancings as well as the sales of securities. In making the sales, the brokers allegedly misrepresented
  www.realtytrac.com - Tuesday, February 3, 2009
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• Stop Home Foreclosure
  
  Your lender may agree to accept the sale as total satisfaction of your mortgage obligation even if the proceeds of the sale are less than the amount that you actually owe. This is called a short sale. The "as is” appraised value and the sale price should be least 70 percent to 80 percent of the unpaid principal balance of the home. How to Sell Your House Quickly When Facing Foreclosure By LaTonya S. Johnson    If you are currently in foreclosure, strongly consider selling your property as a backup plan.
  www.realtytrac.com - Tuesday, February 3, 2009
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• Wachovia Changes The Lending Game
  
  In effect, waiving prepayment penalties that may not be collected is far better than losing homes to foreclosures and short sales. Negative Amortization Wachovia is also trying to make the best of a bad situation in another way: If it can get option ARMs refinanced it may be able to capture some of the “negative amortization” owed by borrowers. The interest not paid does not disappear however, instead it’s added to the loan balance in a process called negative amortization . Wachovia Changes The Lending Game By Peter G. Miller  
  www.realtytrac.com - Tuesday, February 3, 2009
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• As Home Prices Plummet, When Will You Buy?
  
  For example you see Bank of America adopting a massive, systematic loan modification program. The estimates ranged from 25 to 40 percent from peak to trough, but all the economists thought prices could overshoot going down (as they did going up) and could be down as much as 55 percent in parts of Southern California.
  www.foreclosurepulse.com - Tuesday, December 16, 2008
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