Florida Foreclosure Pain Continues
Foreclosure activity is on the rise as Florida continues to have one of the highest rates of foreclosures in the nation. California and Nevada round out the top three and foreclosures were reported as increasing 32 percent from last year. This means that more bank repos are on the way and depreciation of Florida real [...]
Loan Modification
Loan modification is the process by which the existing terms of your mortgage loan is permanently changed. The change allows you to repay your debts in a more comfortable manner. By opting for loan modification, you can stop foreclosure of your home. Facts about loan modification Loan modification is different from the other debt help [...]
Property Underwater? You have 2 choices
Pay or do not Pay. Florida, California and Nevada fill up the top ten cities with negative equity, with 43.5% of homes being upside down in nearby Port St. Lucie. You pay, you stay. You don’t pay, you will be foreclosed on and will be forced to move out. Modifications are rare, and usually only [...]
Are Your Real Estate Dreams Crushed?
Maybe you had big dreams about becoming a real estate investor, using other people’s money to leverage BIG deals, create a passive income and build a high net worth. You were going to live the good life, own big houses, luxury cars, travel around the world and basically do whatever you want without worrying about [...]
Tenants Screen the Landlords
As the collapse of the housing market continues, foreclosures are all to common. Many good tenants, who pay their rent on time are finding themselves having to move because their landlord has not been paying the mortgage. Tenants are learning lessons from the housing bust. It is wise to check out the landlord before signing [...]