Conditions of Negotiating for a Loan Modification

Getting a loan modification is actually one method in which a consumer can stay away from foreclosure. Not everybody qualifies and not all banks are participating. But, if you're having trouble paying your mortgage, it is worth your even though to call your lender and find out what programs they give. You may not constantly get the answer you might be seeking, but when you get the correct person on the phone, you are going to drastically boost your odds of saving your house. A loan modification may take numerous forms. It can be a lasting change in the original agreement made between you and

Santa Maria real estate

Should I Do A Pre-Sell Inspection On My Home Before Selling It?

Homes are selling for less not only in the Santa Maria real estate market but every where and that also means that people will owe less on their mortgage home loans as well. This is mainly due to the economy and everyone's trying to cut back. Yet, many real estate agents think it's wise for sellers to provide pre-sale inspections for buyers to review before they write offers. Because the cost, which could run from a few hundred to $1,000 or more, of the repairs can make the inspection worth the expense? Last year, a home seller in the hills above Oakland, Calif., did a lot of

santa maria real estate

Before You Rent An Apartment Know The Rental Contract

Although I am in the Real Estate and Mortgage home loan business and favor the idea of owning a piece of Santa Maria real estate and the place you live in more than I do renting the place you live in I do realize that not everyone is able to buy a home for whatever reason. Sometimes it may be due to credit issues or income issues and some see no benefit in owning their own place which is okay different strokes for different folks. So if you fall into this category well here are some things to consider before signing that contract. Numerous renters barely even skim their

santa maria real estate

Advice For First Time Buyers Buying A House

Here is some advice if you happen to be qualifying for a first time home buyer loan trying to buy some Santa Maria real estate trying to not make a mistake is of course on the top of mind of anyone buying some thing as huge as a home. For most people buying a home is going to be the biggest investment or purchase that they will ever make. So yes this is a big step for anyone. First and foremost is that the last few years have taught us a few things, one is to live within our means and two that becoming a home owner, and owing our own house is not a right but a privilege. So

Santa Maria Real estate

How To Overcome Obstacles

I thought I would share something that is real estate related but that was written by Jim Rohn something that I have saved and read over and over again, that in today's times of turmoil and uncertainty sometimes a new of philosophy is needed.   "Over the years I've been teaching children about a simple but powerful concept - the ant philosophy. I think everybody should study ants. They have an amazing four-part philosophy, and here is the first part: ants never quit. That's a good philosophy. If they're headed somewhere and you try to stop them; they'll look for another way. They'll

Santa Maria real estate

Status Of Real Estate And The Economy

This week I attended a presentation that was provided by a business group that I belong to Business Enriched Network where we had Carole Rodoni as the guest speaker, presenting topics that affected the Santa Maria real estate market and many of the California home loans. All I have to say is if you have never heard this woman speak you are truly missing out on a great presenter not only will you walk away with a ton of knowledge you will have a good time learning it. She cuts to the chase and is very direct as well as blunt and she does not hold back on those puches, but you will

Santa Maria Real estate

What If I Stop Paying On My Mortgage

So what happens if you stop paying on your mortgage home loan this applies to you whether you are in the Santa Maria real estate area or not. So if you get to the point that making your mortgage payments on your home is more than you can do before you completely stop first thing is try calling your mortgage company. You may want to see if you can get a loan modification on your loan. Just be careful on not getting scammed I posted several blogs already on what to look out for on getting loan modifications and not getting ripped off. Banks have gotten a little bit easier to

Santa Maria Real estate

What To Know When Buying A Home In Today's Market

Trying to qualify for the many first time home buyer loans out there and looking to buy some Santa Maria real estate here are a few tips. The last three years since 2007 have been very interesting to say the least ever since the bubble on the real estate market popped. This is currently the first time in American real estate history that real estate prices have dropped at the same time that interest rates have dropped. So if you are in the market to buy a home for sale in Santa Maria or anywhere else for that matter here are few tips that you have to know and to keep in mind when

Santa Maria Real estate

Why Is It Important To Do A Final Walk Through When Buying A House

          Imagine this. You move into your new home for the first time after closing and, although you transferred the utilities into your name, the lights don't turn on. There isn't a single light bulb left in the house, the yard is overgrown, and the leaky faucets the sellers were to have fixed still leak. Most homebuyers aren't faced with such an unpleasant surprise. You can gain some degree of control over the situation by completing a walkthrough inspection of the property within five days of

Santa Maria Real estate

Trial Loan Modifications Hurt Santa Maria Homeowners

There is some good news in the world of loan modifications such as Bank of America the biggest recipient of TARP funds is now planning on reducing principle balances on some of its loans for its clients. Supposedly they plan on reducing up to 30 percent of the loan balance. Not to mention Wells Fargo has over half a million of loans currently in trial loan modificatios as to how many of those loans actually become permanent loan modifications is really anyone's guess. Many of the Santa Maria homes for sale are in fact due to loans that could not be modified for one reason or

Santa Maria Real estate