Homeowners in distress are often the focus of “easy out credit scammers.” These entities call themselves foreclosure rescue companies, foreclosure assistance firms, or something similar. The scammer offers empty promises to the distressed homeowner in an attempt to make a quick profit from the distressed homeowner’s misfortune. With these companies, in the end the homeowner […]
All posts by Jason Opland
What is a Loan Modification
Whether it’s called a loan modification, mortgage modification, restructuring, or workout plan, it’s when a borrower who is facing great financial hardship, having difficulty making their mortgage payments and is facing foreclosure, works with their lender to change the terms of their mortgage loan to make it affordable. The workout plan varies by lender, but […]
REAL ESTATE Hidden Homes For Sale
It’s no secret that the Columbus and Central Ohio Area real estate market can be a challenge. With increasing prices, ample demand, and limited inventory, the search for a home can often leave buyers feeling frustrated wondering not only if they’ll ever find their find their dream home, but how to go about finding homes […]
Short Sales / Foreclosures – How Long Can You Stay in Your Home After the Bank Files a Foreclosure Notice
If you’re having trouble making your mortgage payments and have already missed a couple of payments (or if you’re contemplating a strategic default), you may be wondering how long you’ll be able to stay in your home before the bank can repossess it. Before we dive into this topic I want to make it clear that FORECLOSURE […]
Short Sales
With many Americans still facing the very real threat of foreclosure, many are looking for ways to avoid it. One option, and a topic that has garnered a lot of industry interest, is a real estate short sale. Short Sales have become an increasingly popular, and common foreclosure avoidance tactic for homeowners but what are […]
What is a Short Sale
Preparing for an Appraisal: Tips to Get a Higher Valuation
How do you make the most of your home appraisal? Appraisal preparation is straightforward – most of the value of your home is already set and there isn’t much you can do at the last minute to improve the outcome. Three Quick Home Appraisal Tips: Declutter so the appraiser can SEE your home. Make sure […]
The Short Sale Package
Although all lenders have varying requirements and may demand that a borrower submit a wide array of documentation, the following steps will give you a pretty good idea of what documentation the lender will require you submit and what to expect. Submit Letter of Authorization Lenders will not disclose any of your personal information without […]
The Real Estate Business Explained
Selling your home is one of the biggest financial decisions of your life. Unfortunately, the vast majority of sellers know nothing about marketing or how homes are sold. This leads to millions of sellers each year getting far less for their homes than they should. You must choose the best way to sell your home […]
Tax Benefits of Home Ownership
Everyone knows that owning a home is the American dream, but if you’re like most homeowners you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction Standard Deduction The standard deduction is the amount everyone gets to claim whether they have actual deductions or not. […]