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Do I Have To Pay The Difference If I Do A Short Sale?

December 11th, 2011 - By allanmadams

My First Short Sale

Greetings, I’m Fred, he’s Kevin and we’re Group 46:10, the :k1: area’s leading short sale team. We have assisted hundreds of individuals over the previous few years successfully do a short sale on their property.

Today we’re going to address delinquencies and a question that we get often from our customers. The question is “Do I have to pay the difference between what my house sells for and the amount I owe on the house after I do a short sale?” The easy response is, in most cases, no you do not; however, it’s generally not that black and white.

Stop The Bank From Foreclosing On Your Home

December 3rd, 2010 - By allanmadams

Stop Foreclosure Now

I don’t believe there is a day that goes by when the media doesn’t mention something about the real estate crisis, and especially foreclosures.  It’s a serious problem that is plaguing more and more homeowners due to the economic downturn.  But one of the last things you want to do if confronted with a foreclosure notice is to do nothing at all.  And yet, that is what many homeowners do, either out of fear or lack of knowledge as to the next steps.  There are many reasons for foreclosure, death in a family, loss of job, divorce, etc.  But it is essential that the homeowner move quickly in order to save the house from being foreclosed upon.

What Happens If I’m Being Foreclosed On, But Then I Come Up With All My Payments At The Last Minute!?

February 22nd, 2010 - By

Do mortgage companies mind stopping foreclosure if you come up with the money to pay up, and get back on track? I recently came up on a large sum of money, will they work with me?

Buying Foreclosed Homes in Denver

November 13th, 2009 - By allanmadams

Many people are looking for a good deal on real estate and should start by looking at foreclosed homes in Denver. Foreclosed homes offer discounts that can’t be beat. It is the perfect place for a first time home buyer or a property investor to begin.

Many home owners that are unable to pay their mortgage will default and the bank will foreclose their home. The bank will resell the property so that it can get its money back which is unfortunate for the owner as they’ve most likely invested a lot of money into the home. There are many different types of foreclosed homes in Denver, but all of them offer the same great savings to buyers.