Short Sale vs Foreclosure what should I do? Well here is a table explaining the pros and cons Short Sales Foreclosure Pros Cons Pros Cons You can purchase a new home immediately after a short sale You may have to wait five(5) to seven(7) years before a lender will approve your application for a new [...]

If you or someone you know is facing foreclosure there is still time for you to prevent the dreaded “F word”. Here a some things you can do about it: Loan modification You will need to work with your lender to negotiate a modification of your loan terms to see if any change can be [...]

It seems as though the lenders are stepping up and doing their part to reduce the number of foreclosures on their books.  Check it out here. Fannie Mae Increases Penalties for Borrowers Who Walk Away Seven-Year Lockout Policy for Strategic Defaulters WASHINGTON, DC — Fannie Mae (FNM/NYSE) announced today policy changes designed to encourage borrowers [...]

For many people “The F Word” is that little four letter word that your mom used to tell you not to say (well at least mine did).  But to many “The F Word”  is the loss of the American Dream.  Most likely the most expensive thing they will buy in their lives they are about [...]