Archive for May, 2004
Investment Property Mortgages Rates
Should I let my investment property foreclose?
right now, I own what is consider an investment property (cause it is vacant) in AL. It has been on the market for 13 mths, and hasnt sold. I have dropped the price $15k. with the current market right now, should I let this property foreclose. I believe since there are so many people foreclosing, they are gonna have to do something to fix the credit. The mortgage is a 80/20 and which the 80 is Adj. rate and I cant refinance unless i pay off the 20 portion. So I dont wont to pay of the 20 portion, so instead i lower the price $15k to cover the 20 portion, in hopes to get it sold. My husband is without a job right now, the we could really use this money.
Maybe you could try renting the property to help make the payment.
The best mortgage rates possible
|
|
How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances $11.36 Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind. How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with shor… |
|
|
Tips and Traps When Buying a Home (Tips & Traps) $10.89 The classic guide to getting the best deal when buying a home–from America’s #1 real estate expert Featuring fully revised facts and figures that reflect the most recent changes in the real estate market, Tips & Traps When Buying a Home, Fourth Edition is helpful whether you’re a first-time or experienced home buyer. It gives you practical, step-by-step information on a broad range of pr… |
|
|
Navigating the Mortgage Maze: The Simple Truth About Financing Your Home $1.55 Confused or overwhelmed by the “mortgage maze”? Industry pro Dale Vermillion explains the simple truth. Learn about wise mortgage financing, and how to avoid common traps that cost you thousands of dollars! Chapters include: • The Top 10 Mortgage Mistakes • Simple Truth about Interest Rates and APR’s • Mortgage Industry Dilemma • The Simple Truth About De… |
