201209.28
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Real Help for Short Sales Coming NOT from DC but from the STATES!

In an encouraging move toward action and accountability, the States Attorneys Generals have collaborated to actually do more than just propose programs and threaten consequences for uncooperative mortgage lenders!   The home-ownership assistance initiatives that have come from the current administration in Washington have generally received failing grades from the real estate industry, homeowners losing their…

201208.14
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Thank God for Little Blessings

Good news – Sort of – according to Realty-Trak, Virginia has dropped out of the top ten states for foreclosure frequency! If you are a homeowner in Virginia, each morning when you arise, thank God that you live in a place where opportunity and compensation still manage to keep pace with loan default. “The states…

201206.12
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Think Outside The Box!

“Thus, as counter-intuitive as it may seem, the high share of underwater homes is helping the market by at least keeping the supply of homes for sale low.” In an article in Core Logic today entitled : “The positives of Negative Equity”, ( http://www.dsnews.com/articles/positives-of-negative-equity-on-home-prices-corelogic-2012-06-11), the author draws several conclusions which are worth your consideration! Locally,…

201206.11
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Fallacy of the Year – Some People (bankruptcy attorneys?) Say Foreclosure is no Worse for You than a Shortsale!

http://www.businessinsider.com/this-familys-nightmare-shows-why-foreclosure-auctions-aresuch-a-gamble-2012-6 Business Insider’s article tells some astonishing stories about foreclosures that are botched or otherwise create incredible hardships on both the homeowner and the home buyer! One of the big problems for Homeowners/Sellers is that they lose all control in foreclosure, whereas a home buyer in a foreclosure always has control and the option to…

201206.02
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Too Many Words?

If you’ve been reading blogs and articles on how to save your house from foreclosure and you are overwhelmed by it all, you are not alone – Like Mat Kearney’s song about having your back to the wall and getting that bank notice, the situation can seem dark. The answers can be hard. As loan…