foreclosure

Displaying All Posts Tagged as "foreclosure"


        Rent To Own serves both Buyers and Sellers equally and provides a much-needed alternative to the conventional market when values are down and lending guidelines are strict.  Read on to see the benefits to Roanoke home Buyers and Sellers. Buyer Benefits You don’t need 10% – 20% to move into your new house.  Only a small amount of cash is required up front. Qualify with minimum credit requirements.  We realize bad things happen to good people and we have credit repair experts to help you build your credit while you’re in your home. Move into your new house NOW.  No more moving, changing schools, having yard sales, etc. until you can buy a home conventionally. Establish yourself in the community while you pay down debt, establish credit, build employment history, etc. to qualify for a loan and close. Lock in a fair market rent and price …

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Last week the New York Times featured an article “Speeding Up Short Sales”. In which they highlighted the positives of how expediting the short sale process will clear the glut of homes that are in default that will inevitably foreclose. “With rules that take effect next month, federal regulators have hopes of greatly streamlining the short-sale process. Starting June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will require both agencies to give short-sale buyers a final decision within 60 days.” Typically a short sale takes from 4 — 8 months with the vast majority of them falling apart after the buyer and the seller have invested a considerable amount of emotion and energy into the process.  Speeding up the process may force the lenders to become more efficient and process more which will result in more that actually close but I still don’t recommend …

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www.Zillow.com has just released a new tool on their site which allows home owners across the US to see how their neighborhood ranks among others for the amount of negative equity in their homes.  For months I’ve been researching this and I’ve found that roughly 55% of homes nationwide currently have less than 10% equity and 27% are over leveraged.  I have not been able to find data at the local level until now.  This confirms that Roanoke is NOT insulated from the effects of the overall real estate market as so many professionals lead you to believe.  In my experience here in Roanoke, pretty much any home owner who originated their loan after 2006 who did not put 20% or more down is most definitely in a negative equity situation.  That is why REsolutions Real Estate Services has introduced our Rent To Own program. Through our Rent To Own …

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