“NAMB does recognize and appreciates Wells Fargo’s strong support of mortgage brokers…
ContinueAdded by Carmine R Biello Jr on July 19, 2012 at 7:29am — No Comments
Absolutely. YES!!! You will not be asked to move out until the closing. If your specialist is actively working with your bank, your lender will typically delay the foreclosure proceedings making it possible for you to stay in your home a little longer.
Added by Carmine R Biello Jr on June 28, 2012 at 3:58pm — No Comments
While lenders have become more lenient in recent times, there are typically three qualifications required for a short sale.
Added by Carmine R Biello Jr on June 28, 2012 at 3:57pm — No Comments
To settle for a foreclosure means accepting the damage to your credit a foreclosure would bring. It also means accepting the fact that in many states, the lender will seek a deficiency judgment in the amount that is owed. A short sale by itself will typically lower your credit score by 50-120 points, however the hardest hit on your credit will be from missed mortgage payments, not the short sale itself. Your credit will usually recover from a short sale in as little as two years, whereas a…
ContinueAdded by Carmine R Biello Jr on June 28, 2012 at 3:54pm — No Comments
A short sale happens when a lender is willing to accept a lower pay off on a loan than what is currently owed. In a short sale, the borrower will owe more on the property than the home is worth at its current state, however, a short sale happens only when a homeowner qualifies through some kind of hardship.
Added by Carmine R Biello Jr on June 28, 2012 at 3:52pm — No Comments
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