Articles About Finance And Refinancing
Develop Your Domain Names
Mortgage Savvy Realtor Rescues Homeowners Facing Foreclosure Using Short Sales
Washington, D.C. (PRWEB) February 5, 2008 -- The current mortgage meltdown is still young; but Marc Cormier the owner of the foreclosure help website www.help33.Biz with a combined 21 years of business and real estate experience has already saved many homeowners from a foreclosure tidal wave that's sweeping America. Jane, (name changed to protect privacy) a D.C. area homeowner was facing mounting debts and unable to remain current on her home mortgage. The bank had already moved forward with foreclosure procedures and Jane was discovering that there were no buyers willing to pay $613,000 for a house that was valued at $540,000. She was upside down and drowning fast.
"When homeowners are facing foreclosure on a home that's worth less than the mortgage they often panic and are tempted to either try to sell their home themselves (FSBO) or simply walk away. That's a big mistake," said Marc Cormier. "A foreclosure on your credit report is worse than a bankruptcy and there is a better way?a short sale."
According to Cormier, a short sale can be the saving grace for many homeowners facing foreclosure due to the tightening credit squeeze and falling home values.
"With Jane, we knew that we would have to use the short sale; but Jane feared the bank would come after her for the difference of what she owed on the mortgage," Cormier said. "Through careful negotiations with the bank we were able to negotiate the forgiveness of the $113,000 loan balance. My client walked away without owing a dime."
According to Cormier, there was a time when a homeowner like Jane would face hefty taxes on the $113,000 balance that was forgiven; but due to recent legislation, that money is no longer taxed.
"Short sales offer troubled homeowners an opportunity to save their credit score, repay debts and help prevent American communities from becoming choked with foreclosed and abandoned properties," Cormier said. "I created www.help33.Biz to make homeowners aware of another way to avoid foreclosure. This website offers free information about short sales and foreclosures."
Why would a bank accept a short sale? According Cormier, banks are highly motivated to short sale properties that are worth less than the mortgage especially if they are in preforeclosure because foreclosure proceedings cost them money that they may not be able to recoup. "Banks are in the business of loaning money, they have no desire to be landlords," Cormier concluded.
Visit www.help33.Biz today to receive free information on how a short sale may save your property from foreclosure.
About Help33.Biz
The short sale assistance website www.help33.Biz is designed to help homeowners sell their home if it is worth less than what they owe on the mortgage. Help33.biz helps homeowners with short sales of their own even if they are not facing foreclosure.
###
Other Article Sites
findabook.com moneycd.info a-mortgage.info
about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info
dirnic.net dishguides.info
divers-below.com expodog.info
financewizz.com fire-insurance.info getgood.info handleit.net
it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net
lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com
refinancing-guides.info spyware-remove.info
telelot.info the-law.info
toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info
MORE ARTICLES:
How to Find Lower Interest Rates on Bankruptcy Car Loans
Sadly, bankruptcy has become more common in recent years. Finding loans has gotten easier over the years as well. The loans are easily available but it is the interest rates attached to them that most people try to avoid. It doesnt make sense to get approved for a loan but not be able to make the monthly payments because the interest rates cause it to be so high. Educating yourself is the best defense in not being taken advantage of. Make sure you do the research and be patient when looking.
Interest Rate On Refinance Home Loans Explained
The interest rate issue is the main problem when one wants to refinance a home loan. This is because the costs associated with home loans are high and thus, a single point raise on the interest rate can cost thousands of dollars. There are different reasons why one may want to refinance but the interest rate is always an important variable.
A Low Interest Debt Consolidation Loan When Your Credit Card Interest Is Too High
You just didn't realize you were digging a hole for yourself. You were paying bills and buying ordinary things. Can you even remember when you did anything truly luxurious? Yet, your credit card spending still got away from you and if someone asked you, you doubt you could explain it. In fact, it would be hard to explain anything with the current level of fog in your brain; you wonder, should you ask a doctor for anti-depressants? Somehow, everything is harder; it feels as of you are walking through invisible treacle and there is no-one to rescue you. There is an answer and you don't need a rescuer. What you do need is a low interest debt consolidation loan.
Low Home Mortgage Interest Rate - Finding the Best Mortgage Rate
Interest rates are at an all time low, making now the perfect time to purchase a new home or refinance your existing mortgage. The interest rate you receive will depend largely on your credit rating, monthly debt, and your income.
Low Rate Home Equity Loans - Refinancing For A Shorter Term And Better Rate
Looking for a better rate is a common reason people choose to refinance their home equity loan. But did you know that shortening your loan term can save you more money than reducing rates? Combine the two and you will save yourself thousands in interest costs and trim years off your payment schedule.
Get Personal Loan, Home Loan, Car Loan after Bankruptcy at Low Rate of Interest
Do you feel your chances of getting approved for a loan after filing bankruptcy is bleak. Wait for a while, bankruptcy loan can help you even after filing for bankruptcy, getting approved for funds after a bankruptcy is not that daunting as you think.
Auto Loans Low Interest Bad Credit: Car Loan without Credit Problem
Owning a car is apart from necessity enhances your status in the society as well. Driven by the urge due to either of the two reasons, you may wish to own a swanky car but are restrained by financial constraints. Going for loans is a good option but if you are a bad credit holder than a fear psychosis of exorbitant rates or being discriminated may check your advances for the quest of normal loans. This myth is now unshackling as bad creditors like you can approach for bad credit auto loans available at low interest rate. These loans are especially fabricated for people having CCJ?s, arrears, any default payment or due payments. Some facts and figure The lender is more interested in your current repaying capacity rather than seeing the ...
Low Interest Rate Used Car Loan Car at Simply No Cost
Introduction
A secured bad credit home mortgage loan comes with reduced interest rates
A secured bad credit home mortgage loan comes with reduced interest rates
Low Interest Rate Auto Loan - Increase Chances Of Getting Approved For A Low Rate
Getting approved for an auto loan is easy. However, obtaining a low rate auto loan may be a bit more challenging. When financing any sort of merchandise, the interest rate received makes a huge difference.
Student Loan Financial Group Announces Interest Rates on Variable-rate Loans Increasing July 1st
Student can take advantage of the lower rate if they apply before June 30th.
Credit Heaven Announces their Rate Busters Program to Slash Interest Rates for High Interest Loans and Credit Cards
The Rate Busters program is designed to achieve affordable and sustainable payments for borrowers by negotiating lower interest rates or periods of no interest on existing credit card, auto loans and mortgages. This in turn will maximize consumers' ability to reduce monthly payments, reduce debt, maintain or improve consumers' credit as well as reduce creditor's bad debt.
Secured Loans: High Amount at Low Interest Rates
People avail secured loans for various reasons. Secured loans are loans that need collateral to be pledged. The collateral can be your house, property or any high value possession. There are various advantages of a secured loan which are discussed below:
Importance Of Interest Rate On Refinance Loans
The interest rate is an issue that should never be bypassed when it comes to refinance home loans. Its importance is crucial as it will determine whether you benefit from refinancing or not. Though other loan terms like loan length, loan amount, and other less important clauses should also be considered, the interest rate should be your main concern.
Mortgage Loans, Construction Loans, Refinancing Mortgage Rate
TheLoansStore.com was created with the interests of the consumer in mind. If you have ever wondered if owning your own home or refinancing your current home would be possible, dont wonder anymore. From new Construction Loans to Mortgages Loans, Bad Credit Home Loans and Refinancing Mortgage Rate. Whether you have great credit, marginal or bad credit, theLoansStore.com can help. We know one size never fits all borrowers.
