Posted by Yvonne Long on March 26, 2009 at 12:29am
As promised here is a peak at my latest Real Estate Blog the entire article can be found at http://shortsales-yllong.blogspot.com/Reasons Why Buyers Might Not Want to Buy a Short Sale:1) Sellers Paid Too Much.If a home sold for $500,000 a few years ago and is now for sale at $400,000, that doesn't mean the buyer is picking up $100,000 of equity for free. It means the seller paid too much in a rising market and now the market has fallen. It means the seller has no equity.2) Sellers Borrowed Too Much............http://shortsales-yllong.blogspot.com/God Bless.
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Posted by Yvonne Long on March 18, 2009 at 11:15pm
The Wrong Short Sale House Might Not Ever CloseWhen you spot a short sale house that interests you, take your hand off the mouse and step away from the computer. Before you get all excited over the prospect of buying that short sale house, pick up the phone and call your real estate agent. Your agent needs to research that short sale listing first.In some real estate markets, fewer than one in 10 short sales close. Just because that home is listed as a short sale doesn't mean it's really for sale (because it's subject to lender approval), nor does it .......the rest of the article can be found on my blog http://shortsales-yllong.blogspot.com/God Bless
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Posted by Yvonne Long on March 11, 2009 at 10:41pm
Lately the question that everyone is asking “what will my lender need from me if I want to do a loan modification”. Well before any lender can recommend the most appropriate workout option, it is important that they have a complete understanding of your current financial situation. As part of this process most lenders will require the following documentation:You can read the entire article on my blog at :http://shortsales-yllong.blogspot.com/Be Blesed!
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Posted by Tangela Davis on February 8, 2009 at 4:16pm
My Professional Sisters, we must be fully educated on the dynamics of our finances (personal and business) in order to maximize our efforts of realizing our goals and dreams and most of all reducing our financial stress. I will be sharing with you in several series, education surrounding debt management. Please avail yourself to become truly knowledgeable about this nationwide challenge that we face today. You don’t have to be an expert; however, you need to understand how you can make your money perform better for you. Debt management is the core our careers, relationships, families and communities in which we live. Join me as I bring to you the wisdom of truly understanding how we manage our debt effectively and build wealth on our terms. The first part of our series speaks to student loan debt; if this is you today or you have children in college, be alert to the key points outlined in this segment. Enjoy the wisdom!Our topic for the series is "Good" Debt vs. "Bad" Debt!Feature Points Covered:-Student buy non-essentials more often than other groups-There are different types of debt-Being responsible with debt will result in long-term benefitsA friend in the banking/investment industry summed it all up: good debt is an oxymoron; there's no such thing as good debt.However, while debt may be something we all wish could be avoided, there are some forms of borrowing that do have advantages, and even those that are considered bad debt can be useful if used properly.Part 1Background on Student DebtFirst and foremost, student loans should be utilized for education and required living expenses only. Trends in college student spending indicate a rise in non-essential expenses.Pricegrabber.com, in conjunction with Rand Youth Poll and Campusmag.com, issued a 20-year study showing trends in student spending. Basically, the results showed that students are more technologically savvy than 20 years ago.Spending has increased in the area of entertainment with large plasma TVs, cellular phones and iPhones with all the bells and whistles, and iPods with subscriptions to download music and DVDs.Other increases are clothing costs for designer clothing and the emergence of gourmet coffees and other specialized foods.As a result, students (not just the 18- to 21-year-olds, either) are easily drawn into borrowing extra student loans to purchase extravagant tangible and intangible goods.The key to good borrowing through student loans is to set up a budget and resist spending on unnecessary items. There's time for purchasing nicer items after graduating.Article by Terri Hare – elearners.comThanks and until our next series on “Good Debt” – stay wise!Tangela M. Davis, MBADistrict ManagerUnited First FinancialT. 704-299-1195E. tdavis@trinitystrategicconsulting.comW. www.unitedfirstfinancial.com“Be Mortgage and Debt Free in Half the Time or Less – Own It Free and Clear!”Read more…
