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April 2010 - Posts

What happens if I stop paying a second mortgage?
Let's see if you're in this situation: your home is upside down in value and you've got a second mortgage. If that's what you're facing, you might be wondering about the issue of foreclosure -- and you're probably wondering if Read More...
Can I stop paying property tax and insurance if I want to short sell?
If you're short selling, you may wonder what is going to happen with big-ticket expenses like property tax and insurance. I wish I could say that there's a simple, one-size-fits-all rule for this but there isn't. It all depends on the loan Read More...
What is the best type of home loan modification for me?
If you're ready to take the plunge and try to get a home loan modification, a good strategy is to propose a modification plan to hopefully get the ball rolling in that direction. You may not get what you want, but if you provide a sensible plan that Read More...
What are the different types of home loan modifications?
In one of our previous posts, we talked about the loan modification process, and part of that included a suggestion to propose a type of home loan modification in order to direct the conversation. With that in mind, what are the different types of home Read More...
Can I modify a bank loan after bankruptcy?
Are you weighing your options between bankruptcy and trying to get a home loan? If so, take a second to read further -- in some cases, a bankruptcy will lock you into a path that you may not necessarily want to follow. In essence, the most important thing Read More...
How does a bank modify a loan?
What goes on behind closed doors when a bank modifies a loan? I'd love to report that it's like the Wizard of Oz behind an immense curtain, but really, you have a lot of fully-loaded bank and lender employees viewing a ton of paperwork (either Read More...
Should I invest in commercial or residential real estate?
If you're one of the lucky few that has significant cash flow and assets ready for investment...well, first, congratulations! Second, let's consider the differences between investing in commercial and residential real estate. While the residential Read More...
Does the commercial real estate market affect the housing market?
The government is doing plenty to try and stabilize the residential housing market these days, but what about the commercial market? Commercial real estate is hurting right now, with some projections showing the market to bottom out in 2010. In fact, Read More...
Is it a good time to buy commercial real estate?
In general, there are two good times to buy commercial real estate. And depending on whom you believe, we're either in one or the other of those times. The basic theory behind commercial property is that the best times to buy are either during a recession Read More...
What is an internal BPO?
Now that you know what a drive-by BPO is, let's look at its counterpart -- the internal BPO. As the name implies, the internal BPO requires the broker or agent to go inside the home. If a home is occupied, that usually requires scheduling an appropriate Read More...
What is a drive-by BPO?
(If you're not familiar with the term BPO, check out this post first) . The name "drive-by BPO" might seem a little exaggerated, as the process involves more than passing by a property taking a quick picture as you zoom by and making a few Read More...