Real Estate Specific Blog

$8,000 FREE money Started by Ken Donna Evans Sharon Cales - Posted April 07, 2009 2:36pm

Buy a home between NOW and NOV 30 2009 and get $8,000   FREE.  If you have not owned a home within the last 3 years you qualify. If you keep the home for at least 3 years you never have to pay the money back. Pay off credit cards, buy a car...anything you want.  This is one of many government programs offered to help stimulate the economy.   Don't miss out!

A Nation in Crisis Started by Ken Donna Evans Sharon Cales - Posted March 03, 2009 6:22pm

• 93%  of the people in the nation are still working
• Mortgage rates are hovering at 5%        (in 1984 rates were at 17%)
• There's an awesome selection of homes to choose from right now
• Sellers are motivated and some are willing to even pay your closing costs
• Safe fixed rate government loans are available
• There are still 0 down mortgage programs available
• You may qualify for an   $8,000   tax credit for buying a ne home

Hmmm............guess it's all about "the best home buyers market in decades".  Are you going to miss out on it?

Calll to see how you can make a smart move about your future!  540-683-1370

I'm in trouble...and I can't hold on. Started by Ken Donna Evans Sharon Cales - Posted July 03, 2008 12:42pm

If there was a huge dump truck that was about to hit you would you want me to push you out of the way and save you or let the truck hit you?

Well, that truck is headed your way right now....in the form of a real estate recession....a recession that could last for years.....we need to get out of it's way before it's to late.  On a daily basis be get numerous calls about home owners in trouble. Gas is going up, groceries are soaring in price, my utility bills have gone through the roof.....I am being squeezed from all sides. WOW...these are real senerios. What can we or you do to help?  The federal government has created several new programs to assist with the huge influx of homeowners in trouble. Other options many homeowners are exploring are: 

Short sales: If your home has decreased in value and if you sold it at fair market value, you would not have enough money to pay your loan in full.   Some lenders are willing to work with home owners taking a lower payoff amount and therefore allowing you to sell and get out of debt with maginal impact to your credit.  There are strict guidelines you as a home owner must meet in order to qualify for this program.

Modification of loan:  Some lenders will agree to restructure your loan payments and or decrease the interest rate for a specific time. This may allow you to catch up and regroup.

Repayment plan: Some lenders will allow you to restructure the amount of payments you are behind on. Spreading out the total dollar amount due may ease the financial burden allowing you to satisfy the lender therefore keeping your home out of foreclosure.

Deed in lieu of foreclosure: If you have tried for several months to sell your home at a fair price and it has not sold, some lenders will allow you to sign the deed over to them to avoid foreclosure. This is a "voluntary reconveyance". In order to do this there must be no judgements  or additional leins on the property.

These are just a few options available for troubled home owners right now. We ALWAYS reccomend that you consult an attorney and a tax advisor to protect your interests.  HUD has announced new guidelines as to how they will deal with the negative credit issues with these homeowners on future home purchases. Your credit will be affected for 1year from a "short sale", 5 years from a "foreclosure", and 7 years if you file "bankruptsey".    We have additional information on all of these processes. For your "FREE" copy call us at:540-683-1370 or 540-683-9680.  

The current real estate market is here to stay for several years. Like a sailboat, we have to re-adjust our sails.  We are here to help you just have to call.