PNC Mortgage / National City Short Sales – Getting Started The first step to initiating a short sale with PNC Mortgage / National City is to list the home with a Realtor who specializes in short sales and has significant experience with this lender. Your agent will be critical to the success of your transaction and […]
Citi Mortgage / Citi Financial Short Sales – Getting Started The first step to initiating a short sale with Citi Mortgage / Citi Financial is to list the home with a Realtor who specializes in short sales and has significant experience with this lender. Your agent will be critical to the success of your transaction […]
Wells Fargo Short Sales Out of all of the major banks, Wells Fargo is one of the most efficient when it comes to short sales and the processing and handling of these sales. Wells Fargo is also one of the only banks that actually provides a written short sale time line and on average they are […]
Foreclosures and short sales are treated as the sale of property for tax purposes. Homeowners going through a foreclosure or short sale (pre-foreclosure), will need to calculate their gain or loss for tax purposes, as well as consider any tax that might be due on the forgiveness or cancellation of debt. ** Note the Mortgage […]
What is a Deficiency Judgment Deficiency judgments are court orders that make you personally liable for unpaid debt. They are often associated with foreclosures (and less often times short sale), when a home’s selling price is not enough to cover the loan balance. Let’s take a closer look at what deficiency judgments are, and if […]
Recourse loans are loans that permit the lender to come after you in case you default on the loan. You can contrast recourse loans with non-recourse loans, which create more risk for lenders. Let’s take a look at recourse loans, how they work, and how to identify them. Recourse Loans – The Recourse Recourse loans […]
In 2009, the Treasury Department introduced the HAFA program to provide a viable option for homeowners who are unable to keep their homes through the existing Home Affordable Modification Program (HAMP), that is through a mortgage modification. HAFA aims to step in where HAMP fails, in other words when homeowners are so far behind or […]
Name Web Site Phone Service Address Fax Allstate Mortgage Loans & Investments, Inc. http://www.allstateocala.com/ 866-351-0200 P.O. 1201, Crystal River, FL 34423 352-351-4557 American Home Mortage Servicing, Inc. www.ahmsi3.com 877-304-3100 Attn: HAMP Processing 1525 S. Beltline Road Coppell, TX 75019 866-452-1837 AMS Servicing, LLC www.ams-servicing.com 866-919-5608 3374 Walden Avenue Buffalo, NY 14043 716-204-3875 Aurora Loan Services […]
Non-recourse loans are written in non-recourse states and in these states lenders may not pursue you for anything other than the collateral. The following are non-recourse states: Alaska Arizona Connecticut Florida Idaho Minnesota North Carolina North Dakota Texas Utah Washington The following states allow non-judicial foreclosure: Michigan Minnesota North Carolina Rhode Island […]
Q. What are my options as a home seller when my property is in or heading toward default (foreclosure)? A. In the event that you have been delinquent in paying your mortgage or anticipate that you will not be able to make payments moving forward, your options will vary based upon several factors or variables […]
Follow Us
Follow Us
Copyright © 2024 | Information deemed reliable, but not guaranteed. | Privacy Policy
Real Estate Web Design
by Dakno Marketing.
