The Market Series

1  – Reinstatement of the loan when brought current 2  – Forbearance or re-payment plan 3  – Sell the property 4  – Rent the property 5  – Refinance 6  – Mortgage Modification 7  – Short Refinance 8  - Deed in lieu of foreclosure 9  – Bankruptcy 10 – Service Members Civil Relief Act (SCRA) 11 [...]

Chipping and peeling paint on homes built before 1978. Roof must have 2 year remaining useful life. Proper drainage away from foundation. A/C must work, hot water heater must work. Toilets must flush and all plumbing fixtures work WITHOUT leaking -drains especially. Must have flooring. Must have range/oven – often a lender requirement. All utilities must be [...]

Jonathan J. Cooper – Jul. 30, 2009 Associated Press PHOENIX Each time Lance and Kelli Thorson thought they had found their first home, someone would outbid them. It’s already happened at least 15 times. This wasn’t how it was supposed to be in a depressed housing market like Phoenix. Buyers are supposed to be able [...]

Despite roadblocks, workarounds exist Ilyce Glink, February 11, 2009. As 30-year mortgages continue to hover around the 5 percent mark, interest in refinancing has remained high. But even as some homeowners seek to trade in their adjustable-rate mortgages (ARMs) for fixed-rate loans, or combine first and second mortgages into one loan with a lower overall [...]

Ruth Simon Wall Street Journal 4/10/09 Some of the nation’s biggest lenders, including Bank of America Corp., J.P. Morgan Chase & Co. and Wells Fargo & Co., are beginning to roll out a new program established by the Obama administration as part of its housing-rescue plan to help refinance homeowners who otherwise couldn’t get new [...]