If you have been exploring short sale now is the time to look a bit harder at this option. Why you ask? A couple reasons. First, over the past couple of years the lien holders (banks) have developed systems that streamline the short sale process. Some banks are better than others but overall they have improved. [...]
Monday, March 7, 2011
In a recent study, the Chicago Booth/Kellogg School Financial Trust Index found that a full 36% of Americans would consider “strategic default”—another term for walking away from your mortgage—if they were underwater (owed more on their home than what it was worth). Now that more than one in four American homeowners is “underwater,” I feel [...]
Monday, January 10, 2011
Effective Februray 1, 2011 updates to the Home Affordable Foreclosure Alternatives (HAFA) Program will take affect. These guidelines may help increase the number of approvals for homeowners seeking assistance under this program. Here are the key changes: Monthly Gross Income Requirements- Servicers are no longer required to verify any financial information to determine if the [...]
Saturday, December 18, 2010
Once again more short sales have closed in the Sparks-Spanish Springs market area according to data from the Northern Nevada Regional MLS for stick built homes. As expected traditional sales had the highest average median sales price, with short sales following and bank owned sales bringing in the lowest median price. As expected short sales [...]
Wednesday, November 10, 2010
New statistics show that 1 in 7 homeowners are facing difficulty paying thier mortgage. Homeowners facing these issues often wonder how they can afford to get help. I am here to tell you that you can get the help you need from an experienced short sale real estate agent and most, if not all, of the [...]
Friday, October 22, 2010
According to data from the Northern Nevada Regional MLS, sales in the Sparks area (which includes Spanish Springs and Wingfield Springs) had short sales leading in the 3rd Quarter of 2010. Short sales accouted for 35.4% of the sales in the quarter, traditional sales 34.9% and bank owned 29.8%. Compared to 3rd Q 2009 when [...]
Thursday, October 21, 2010
There is a lot of news out there about the recent foreclosure “freezes” or moritoriums. What does this mean to homeowners in Reno-Sparks area? Nevada is a non-judicial foreclosure state. What this means is that in order for a bank to foreclose in Nevada they do not have to go through a judicial process (go [...]
Monday, September 27, 2010
Introducing Dickson’s Fresh Start – a program to help restore your financial stability and buying power. We understand the devastating effect that being forced to leave a home has on families in our community, both financially and emotionally. If you’ve lost your home through a short sale or foreclosure, or have recently gone through bankruptcy, [...]
Tuesday, August 3, 2010
If you are struggling making your mortgage payments you need to seek help as early as possible to avoid foreclosure. Fannie Mae, an insurer of home loans, has released a new interactive tool online to help you determine what your options are. KnowYourOptions.com The website is designed to be a virtual one-stop-shop for anyone facing [...]
Saturday, July 24, 2010
The National Association of REALTORS released some updated infomation on the affects of short sale, foreclosure, bankruptcy and deed-in-lieu of foreclosure on FICO scores and the ability to purchase another home. Short Sale (Deed-inlieu of Foreclosure Guidelines are similar) – According to the report the affect on your FICO score from short sale depends on [...]
Monday, January 30, 2012
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