Dec 1, 2010 | MIAMI REAL ESTATE
By refinancing your loan, you can lower your monthly payments. In order to be eligible to refinance you must be current in your payments, and cannot be underwater… and you need to have excellent credit. Whether you go through your existing lender or elsewhere,...
Nov 29, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
What is Loan Modification? It’s an inexpensive way to stay away from foreclosure (no appraisal fees, surveys…). Loan modification differs from refinancing (which requires you to have equity). With loan modification you negotiate new terms for your...
Nov 1, 2010 | FORECLOSURES/SHORT SALES, MIAMI REAL ESTATE
Walking away from mortgage obligations is being used increasingly as an EXIT STRATEGY … written about and widely reported by the news media. While increasing numbers of homeowners are paddling just to stay afloat (and in well-over their heads) the ramifications...
Nov 17, 2009 | MIAMI REAL ESTATE
As an alternative to foreclosure, Fannie Mae will now (as of November 2009) allow homeowners (who qualify!) to remain in their homes, renting, as tenants… for a year. Month by month extensions are an option (although not guaranteed) after the first...
