In addition to a loan modification, another option you have to avoid foreclosure is a short sale. For homeowners who are underwater (owe more on the mortgage than the house is worth) and have experienced some type of hardship, a short sale may be a good option to consider.… Continue Reading
In my last blog posting I discussed five reasons you should try to avoid foreclosure. Now let’s focus on how you do that, beginning with a Loan Modification. I’m not a big fan of loan modifications for most people, because if you’re really in trouble it is doing nothing more than kicking the can down… Continue Reading
As of the end of November, almost one in every four Americans is “underwater” in their mortgage (they owe more on their mortgage than their house is worth). Approximately 5.3 million Americans are living in homes whose value is at least 20% less than the home is currently worth in this difficult real estate market.… Continue Reading
Last night I had the pleasure of going to an event arranged by the blogging ladies at Aiming Low, and hosted by HP and Staples. It was quite the party. Between an open bar, a seemingly endless supply of hot and cold hors d’ouvres, free goodies, and great prizes, it seemed almost too good to be… Continue Reading
I just returned from a visit to my home town in the Adirondacks in Upstate New York. (I’m talking about the REAL “upstate” New York … not the area that’s about 50 miles north of New York City. ) While I was there, I decided to take a trip over to Mt. Van Hoevenberg, to… Continue Reading