Shawn

Should You Just Stop Paying & Let Your House Go?

Only As a Last Resort! Lots of people in financial trouble just have the urge to give up. If you are in this position you know just what I am talking about. The phone rings off the hook with calls from natsy collectors trying to make you pay money that you don't have. They call at all times of the day and night. Inspectors from the bank may be stalking the property with clipboards and digital cameras to report to the...Continue Reading!

How to Stop a Foreclosure in Colorado Springs

If you are in a position where you are not able to make your house payments any more you are not alone. The good news is that you can stop the foreclosure process if you take action now. Most of the home owners who can't pay do not ever seek help. Thats correct--7 out of 10 foreclosure victims never sought assistance prior to losing their homes. That's a sad fact! You Have Options The first and probably best way to avoid foreclosure...Continue Reading!

How Long Do You Have to Wait to Buy a Home Again After a Short Sale?

Answer: It Depends Read below for a list of loan scenarios. It is definitely better to do a short sale than to just let your home go into foreclosure. Even if you have already been notified that the bank is going to foreclose there still may be time to sell your home and avoid the ramifications of a foreclosure on your credit report. Conventional Fannie Mae: After only 2 years with an 80% LTV ratio (Loan to Home Value), 4 years with...Continue Reading!

More Options for Colorado Springs Homeowners in Trouble

Can I do a Loan Modification? Possibly. Keep in mind though that this process is dependent on may variables determined by your mortgage lender. First of all, visit your lenders web site to see if they offer loan modifications. They will list the steps required to modify the loan. The problem sometimes occurs when the lender tells the homeowner that it will be no problem to lower the monthly payment and then at the end of the process, the promises made...Continue Reading!

What if I can’t make my mortgage payments?

Good Question! This is a common question that I hear all the time. There is no simple answer. The thing to know first is that if you miss a payment, the bank is not going to foreclose immediately.  Foreclosure is a lengthy process and costs lenders a lot of money so they don’t want to have to foreclose on their borrowers. If you act quickly, you will have time to make an informed decision. Can I make a partial payment? (more...)Continue Reading!

What is a Deed in Lieu?

What is a Deed in Lieu? When a homeowner is facing true hardship and does not want to go through the entire official foreclosure process, an option called a “Deed in Lieu” is available in some circumstances.  This option may have a lesser impact on your future credit than a full-blown foreclosure. Depending on your situation,  this can be an option. There are certain criteria that need to be met in order for the lender/bank to approve a Deed in Lieu. We’ve...Continue Reading!

Feel like you are playing Real Estate Survivor?

Outwit, Outlast, Outplay Are you feeling like you are about to be voted off the Real Estate island? you are not alone. Lots of people are having the same thoughts these days! (more...)Continue Reading!

Did you or do you have a Wachovia Pick-a-Pay Mortgage?

Good News! I used to have a Wachovia Pick-A-Pay mortgage on the last house that I owned. That house sold in 2008. Even so, I just received notice of a Class Action Lawsuit settlement for those who had or have one of these loans. (more...)Continue Reading!

Need to Sell Fast? We Can Help!

What should you do if you need to sell your home fast? What if you need cash in a few days so you can move? We have a solution. eSaleHomes Realty is working with a group of investors who have funds available to buy homes quickly. How does this work? The home owner needs to contact us for a 5-10 minute consultation about the home, the situation and the timeline for a move. After that, the specifics can be evaluated...Continue Reading!

Coming soon to a neighborhood near you!

SEVEN MILLION FORECLOSURES!!! I hate when people scream in all caps but I have to make a point here! Financial experts are predicting a huge (more...)Continue Reading!