Read an article this morning that’s imperative to owners of distressed homes on consumeraffairs.com. According to the article by Mark Huffman, loan servicers have been violating the rules and it’s been severely damaging the integrity of the foreclosure process. And according to Huffman, the next thing that may come under high scrutiny is the much contested loan modification process.

From the article:

Lawsuits have proliferated this year, filed by homeowners desperately trying to hang onto their homes, and who say loan servicers lied to them, gave them erroneous information and lost their paperwork as they tried to modify their loans.

San Francisco’s Housing and Economic Rights Advocates, a legal services group, has sued JPMorgan Chase, accusing the bank of exploiting homeowners with trial modifications, only to foreclose on their homes.

The government-backed modification effort, the Home Affordable Modification Program (HAMP), launched in April 2009, has encouraged lenders to help struggling homeowners avoid foreclosure. About 1.4 million homeowners have entered the program but only 500,000 have emerged with modified mortgages. The rest? Most have lost their homes to foreclosures.

To read the entire article by Mark Huffman, CLICK HERE.

• If you are at the back on your mortgage and do not see any relief in your upcoming days, you can benefit from a Loan Modification Program.
• Loan modifications used to be kept for borrowers whose mortgages became delinquent because of job losses and are under huge financial troubles.
• Match up with experienced loan modification attorney to see if you are a qualified applicant for the process. Fill out the form to the right to see if you qualify.
• You can avail the Mortgage Modification even if you have attempted to work with your own lender in the past or even also to be done by any other lenders.

Read the entire piece by CLICKING HERE

Don’t despair, there are tons of ways to psyche yourself out during the moving process. If you allow yourself to fall into the habit of worrying about large changes, it will be difficult to enjoy what will be an exciting leap into the open.

Part of what it takes to sell your home fast is patience, attention to detail, and hard work. There’s no point in worrying about when you can sell, how much you’ll make and whether or not you’ll need short sale help.

Make sure your house is clean. Make sure your personal items aren’t everywhere. Make sure it smells nice. This will help you sell your home fast, and by working hard on what’s in front of you, you won’t have a chance to worry about whether or not you’ve done a good enough job.

Enjoy the unknown, and understand that everything will likely go just fine. There’s no point to worrying about what will happen next week or next month.

What does all this mean for someone in the real estate market? Now is the time to buy!  Of course, there are few people who can afford to scoop up properties and sell them at a profit, especially with all of the short sales these days.

To sell your home fast, you need short sale help. Short sales are pretty common post-recession – it’s hard selling your home for more than you bought it. It can be a big financial burden on some, but in times of need they have no other choice.

But if you are looking to invest in distressed homes, you can easily get them for a very low price. After putting some money into them, they become attractive renovated homes, and are made livable, or sellable. If you want to buy a renovated house, there are probably many opportunities in your own backyard. All you have to do is take a look around.

What does this mean for you? Well if you’re in the house search, it’s time to look for a deal. You need to find a renovated house that will give you what you need at a price that you can feel good about. There are lots of homes that have been placed on the bankruptcy market and snatched up to become renovated homes. These are much more affordable than new homes. Once you find a renovated house you can add your own special touches to it to make it the home you’ve always dreamed of. You don’t have to do everything at once either. Finding the right renovated house isn’t as hard as you think – just start looking and you will be surprised at how much you save.

Distressed homes do require work, but once the investment is made it’s a relatively easy return on your money. And if you’re buying, usually the renovated homes are at lower prices than the homes that are brand new, even though the old ones may be just as attractive, gutted and remodeled.

Distressed homes are good then for both the buyer and the seller. They are easy to remodel (if you have the capital) and sell for the owner, and are less expensive than new properties for the buyer.  Renovated homes are a lot like buying houses from thrift shops – if you look hard enough, you can find great deals, at a much lower price than you’d expect to pay.

So what are you waiting for? Get out there and start hunting for renovated homes! Chances are you’ll find a great deal.

Sabharwal claims that he did this all thorough maintaining a positive outlook and buying distressed homes. He started buying distressed homes in the East New York area, in 1983. He would then rehab them and started “moving people from shelters into houses”.

Sabharwal and other investors who have caught onto the lcurative market of distressed homes, have agreed on one prinicpal: the renovated homes sell quickly because the properties have been upgraded and well-priced.

If you’re interested in acquiring distressed homes, or would like to browse our inventory, be sure to check out HomeLinkHomesLLC.com.

There’s nothing more exciting than buying a new home for the first time.

Even if it’s not your first go-round with the home buying process, it’s still exciting. It’s the whole prospect of moving that gets me every time. I love that slightly uneasy feeling you have upon waking up for the first time in a new place. The thrill of finding new spots for all of your furniture. Even deciding something as mundane as which cabinet you’re going to put the cups in, and which drawer will hold your silver( crucial decisions if you ask me)– They’re all things that make moving one of life’s greatest adventures.

So if you’re looking to make this next adventure one you’ll look back on fondly, why not look into buying a renovated house?

1) They’re economical. Renovated homes are often purchased for extremely low prices, and then upon being spruced up, they’re put on the market for incredibly reasonable prices.

2) Renovated homes are environmentally friendly. Instead of buying a new home, you’re using what’s already available–it’s like real estate recycling.

3)Renovated homes have more character. Brand new homes are just so…sterile. If you want a nice place to live that doesn’t feel like a real-estate model, a renovated house is for you.

Many cities nationwide are still feeling the effects of the 2008 housing market collapse, especially the Tuscon, Arizona area. In response to the staggering number of foreclosures, the Federal Home Loan Bank of San Francisco and the Pima County Foreclosure Prevention Coalition will host a foreclosure prevention workshop to assist homeowners who are facing the daunting prospect of a foreclosure.

The said workshop will include a panel discussion on how to I.D. mortgage scams before it’s too late, how to understand the foreclosure process, and the tax impact of short sale help.

In addition, Fannie Mae is set to host an open house event at its Atlanta mortgage help center to bring counseling and mortgage industry professionals in an attempt to emphasize foreclosure prevention and show people that help is available.

It’s encouraging to see industry professionals and  companies like Fannie Mae make themselves more available for face-to-face help for struggling consumers. These face-to-face meetings will assist overwhelmed borrowers to better understand their responsibilities, the foreclosure process, and how they expedite a resolution process.

If you’re interested in short sale help, purchasing distressed homes, or renovated homes, know that HomeLinkHomesLLC.com is your headquarters.

Buying or investing in foreclosed or distressed homes, isn’t really too complicated— if you know the lingo, of course. Like most things in life that involve loads of paperwork, there’s a distinct bureaucratic vocabulary that unless you’re in the industry, or have a qualified interpreter, you’ll be left scratching your head. Lucky for you, we’ve compiled a list of some of the most commonly used terms and buzzwords that are typically tossed around when people are discussing distressed homes and foreclosed homes:

Deed-in-Lieu: This process is usually done by a home-owner to avoid foreclosure proceedings. It means that the homeowner can voluntarily relinquish all claims on a home by signing the deed over to the bank.

Lien: Any legal claim made against a property.

Pre-foreclosure sale (short sale): when a borrower sells a property for less than what is owed rather than going into foreclosure.

Appraisal: a document that states the property’s fair market value based on the sales of comparable homes in the area. It is often required by the lender to determine the mortgage amount.

Forbearance: if a borrower is late on making payments, a lender can decide to grant forbearance (usually for financial hardship) and not take legal action. Both the lender and borrow must agree on terms to make the loans current.