No matter what happens with the economy, interest rates and house prices, the next few years we will continue to see both foreclosures and short sales. From an owner's perspective, a short sale will often do less damage to their credit than a foreclosure - though in many cases the damage can be almost equal. There is a lot of work that goes into a short sale and lots to watch out for. If you or someone you know is considering your options, my coworkers and I can help explain the process, direct you to … [Read more...]
Making Home Affordable Program Not Working
October 2, 2009 by Leave a Comment
Fellow local blogger and awesome mortgage broker Alex Stenback has a great post explaining how few people are being helped by the Marking Home Affordable program, which has only helped 93,000 borrowers so far when original estimates suggested up to 7 million could be helped. If we could do more successful loan modifications and short sales we would dramatically reduce the foreclosure problem in the future... more needs to be done at all levels to make this a reality. … [Read more...]
Minnesota Foreclosure Prevention Class Online!
February 5, 2009 by Leave a Comment
Hennepin County has published one of their foreclosure prevention seminars online and includes information on the foreclosure process and providers that can help you. The class is a great resource for anyone in a potential foreclosure situation. Don't be taken advantage of or lose choices by not learning more about your options. … [Read more...]
Minnesota Foreclosure Prevention Resources
December 22, 2008 by 2 Comments
Reposted most recent newsletter... hope people in need will use it. Sorry about the formatting but the newsletter has some horrible markup. December 19, 2008 Foreclosure Prevention Resources Newsletter Warning About For-Profit Loan Modification Firms Services are available FREE to Minneosta Homeowners. Don't let homeowners fall for these scams. Homeowners facing foreclosure are frequent targets for predatory scams. The latest scam promises to "save" homeowners … [Read more...]
