Josh Talayka | June 27, 2011
The Federal Housing Administration (FHA) offers qualified borrowers with non-FHA loans the option of refinancing into an FHA-insured mortgage. The current lender must also agree to write of a minimum of 10% of the current unpaid principle balance. In addition, all other lien holders must consent to allow the borrower to participate.
Josh Talayka | June 24, 2011
According to the most recent Standard & Poor’s Case-Shiller index, housing prices have fallen back to 2002 values nation wide, with some of most heavily hit regions of our country even reaching levels we haven’t seen since the late 1990’s. In addition, it is expected that prices may continue to fall through at least the end of this year. However even with this prediction of further depreciation, there are still many factors that indicate why it is still a good time to buy.
Josh Talayka | June 3, 2011
Although a foreclosure may be done outside of court, the lender must still adhere to very specific procedures and timeframes that are defined by law. Once all the timeframes and requirements above have been met, the lender may carry out their foreclosure sale (Trustee’s Sale). Following the foreclosure, the lender may still be able to sue the borrower for any deficiency in the amount received from the trustee’s sale.
