Fannie Mae recently launced a new website to provide information and possible options to homeowners who are behind on their mortgage payments. Knowyouroptions.com features practical information and resources to help homeowners avoid foreclosure by either staying in their home or selling it. Resources include a list of local foreclosure prevention events, housing counselors, Fannie Mae [...]
Short sales not immune to debt collectors in Florida and various states
ORLANDO, Fla. – July 6, 2010 – With more than half of the Central Florida’s homeowners owing more for their homes than the properties are worth, the question for some has become: How do I get out of this? Of all the existing-home sales reported by Realtors in the core Orlando market in May, 23 [...]
Short Sales of Homes Surging in Metro area
More struggling homeowners turn to foreclosure alternative Louis Aguilar / The Detroit News Last Updated: June 05. 2010 6:07PM Read the Detroit News Article “The Pearson Group Realtors”, have helped many homeowners manuever the short sale process in North Oakland County. They agree, that the short sale alternative will continue as the economy remains grim throughout Michigan, particularly [...]
How foreclosure impacts your credit score
By Les Christie, staff writerApril 22, 2010: 4:44 PM ET NEW YORK (CNNMoney.com) — If you’re delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much? Read the Entire Article Read more About Foreclosure and Short Sale Effects on Credit Score
Drowning in Housing Debt
We hear similar stories every day from the people who have lost jobs, taken pay cuts, or own a home that is underwater. We posted this article because it touches on the various options and choices that people are faced with when it comes to “should I stay or should I go” We know first hand from our [...]
Always Read the Fine Print
Homeowners selling homes under a short sale scenario should be concerned about the pay-off agreement that they recieve from their lender prior to closing. Most important is that homeowners be released from future responsibility for the deficiency on the loan. The deficiency amount is the difference between the amount that is owed and the amount [...]
Short Sale and Foreclosure Realtors in Clarkston, Mi and Jensen Beach, Fl
Robin Cutler and Kay Pearson of ”The Pearson Group” in Clarkston, Michigan….Short Sale and Foreclosure Resource Certified Working diligently to help sellers resolve their real estate housing challenges and long term housing objectives. They have been successfully managing and closing short sale real estate transactions since 2005, saving several sellers from the dreaded foreclosure process. They are always open to discussion and welcome sellers [...]
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