Don’t Quit

The last time I wrote, I asked you the question, “Are you afraid?”  In summary, I shared that successful people are action takers who work through their fears have a picture of what they want …and focus on that picture.  If you missed reading that post , you can find it under ‘recent posts’ on the right side of this page.

Some of you may have wondered why I was talking about goal setting since I normally focus on real estate investing. Here’s why….let me ask you some questions.

  1. What do you think is generally the biggest barrier is to
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Are You Afraid?

fear

In the spirit of Halloween, I’d like to ask you a question…

Are you afraid?… afraid to make the leap into this wild ride called – (Oooh, dare I say it?) …

Real Estate Investing…

Are you avoiding making an offer? Are you thinking you won’t have the money if you did make an offer and it was accepted? Or what if you can’t find a buyer?

Wow – so many things can go wrong!

Well, if you are afraid- you are not alone. I’d like you to read on to see if there is anything I can say to … Read the rest

Avoid Foreclosure: Option 8 – Payment Assistance

Option 8. PAYMENT ASSISTANCE.

Definition: Programs that make mortgage payments for people who are at risk of losing their homes without assistance. Mortgage payment assistance programs may have age, income, disability, need or other eligibility requirements.

Many State and local governments, as well as private charitable organizations, have programs which will pay all or part of your mortgage obligation for a fixed period of time. Google the words “mortgage payment assistance programs”.See what is available in your area.Read the rest

Featuring – “Avoid Foreclosure following the S.M.A.R.T. S.T.E.P.S. Plan” eBook

Over the course of the next few weeks we will be featuring segments of our newly released eBook, “Avoid Foreclosure following the S.M.A.R.T. S.T.E.P.S. Plan”. This eBook is written to inform Homeowners going through foreclosure and Real Estate Investors about foreclosure.

Our eBook highlights “18 options to Avoid Foreclosure”, which we will be sharing with you through this blog. Please feel free to post questions and comments, it is easy to learn by studying, but it is through discussion that you begin to understand.

This is only one of the many useful sections of this 50-page eBook. If you are … Read the rest

Avoid Foreclosure: Option 13 – PARTIAL CLAIM

Option 13. PARTIAL CLAIM.

(FHA mortgages only) (Some Freddie Mac Investor loans)

Definition: This is a loss mitigation option that allows a borrower, with help from a lender, to get an interest-free loan from HUD to bring their mortgage payments up to date

Partial Claim

You may qualify if:

 

  • Loan must be 92 days delinquent (4 full payments due and unpaid).
  • Mortgagor must have overcome the cause of default.
  • Owner-occupant committed to continuing occupancy as primary residence.
  • You are able to begin making full mortgage payments.

 

 

When your lender files a Partial Claim, the U.S. Department of Housing and Read the rest