loans (107)

Wikipedia's DefinitionA short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold.In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market and the borrower's financial situation.A short sale typically is executed to prevent a home foreclosure, but the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property. Often a bank will allow a short sale if they believe that it will result in a smaller financial loss than foreclosing as there are carrying costs that are associated with a foreclosure. A bank will typically determine the amount of equity (or lack thereof), by determining the probable selling price from a Broker Price Opinion BPO (also known as a Broker Opinion of Value (BOV)) or through a valuation of an appraisal.For the home owner, advantages include avoidance of a foreclosure on their credit history and partial control of the monetary deficiency. A short sale is typically faster and less expensive than a foreclosure. In short, a short sale is nothing more than negotiating with lien holders a payoff for less than what they are owed, or rather a sale of a debt, generally on a piece of real estate, short of the full debt amount. It does not extinguish the remaining balance unless settlement is clearly indicated on the acceptance of offer.Short sales are common in standard business transactions in recognition that creditors are not doing debtors a favor but, rather, engaging in a business transaction when extending credit. When it makes no business sense or is economically not feasible to retain an asset, businesses default on their loans (called bonds). It is not uncommon for business bonds to trade on the after-market for a small fraction of their face value in realization of the likelihood of these future defaults.Got questions about short sales? denise.mccoytilson@rearealtors.com
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A Solution to many Problems

A totally automated website for free, if its on your site you can earn from it. http://urlmule.com/?2649No Money down Home Loans http://urlmule.com/?2650Free Fundraising Services http://urlmule.com/?2661ASN Financial services~Are you in debt, have tax issues, in danger of losing your home, have credit problems,want to buy with nothing down, have wage garnishments, if you ansered YES we can help http://urlmule.com/?2648
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Join us!Tuesday 10amRadio Show: Paying for Collegew/ special guests Aurora and Serge of Default: The Student Loan Documentary fame.Call in at (347) 237-5446 &Log on at http://www.blogtalkradio.com/BTYB-Youth--MoneySubmit your questions via chat or phoneWe’ll cover scholarships, grants, loans, and work study. Bring your questions!
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The Benefits of Owning vs Renting

Purchasing a home is an intimidating process without the news reports about the current mortgage crisis, repeating terms like sub-prime lending and balloon payments. Families are losing their homes at an alarming rate and it has been reported that African Americans have been the target of mortgage lenders processing high cost loans by qualifying those with poor credit scores for high interests rates and hidden costs like balloon payments. Sub prime is a type of loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans.Dedrick Muhammad co-author of a report from United for a Fair Economy called “Foreclosed: The State of the Dream 2008, cites the sub-prime mortgage crisis as the source leading to the greatest loss of wealth in modern US history for people of color who stand to lose over $200 billion dollars. Dedrick Muhammad is senior organizer and research associate at the Institute for Policy Studies.It all seems overwhelming to our desire to own a home and have our own piece of land to cultivate overshadowed by the anxiety we all feel for those families that are victims of foreclosure due to predatory lending practices. We dread the thought of losing a home before we even purchase one. If you have ever lost a home is it a paralyzing experience. The feeling of shame, blame, and guilt to feel your home slipping away can be devastating.Read moreOmitunde, Publisher of African American Family ConnectionAn online magazine about African American Family values and community.Visit AAFC for the latest issue each month and a copy of "The Ripple Effect".
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As we know, Credit is at the root of ALL finances!!! Loans, insurances, credit cards, lines of credit, employment,the ability to rent a car, etc.! Well, as a result of that and the lack of education for consumers, everyone can benefit from our great service and join our team....all for only $698! We are apart of a team that has an awesome mentorship program that teaches you how to expand all across the United States. By recruiting, you will get the sales!!!If you are interested in finding out how to join a great team, a great company with an awesome compensation plan, no chargebacks, members of the BBB...get on the opportunity call tonight (Wednesday, Oct.8) at 8pm CST or 9pm EST. If you cannot make the call tonight, you have another chance on Friday night (Oct.10th).You can download the online presentation at www.tdtwmarketing.comand follow along or listen in only by calling 616-883-8400 pin 421173074#Send me a message if you have questions and/or want to join...I will check them after the call!This is how you can have a million dollar business for only $698....Seriously!
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Ok, I rose this morning (Thank you Jesus), got the kids on the bus by 6:30, received a few phone calls around 8'ish, ate a miniature Snicker's candy bar and a few chips and began networking......Well to start, my goal today is to enroll 3 people today into the service in an attempt to help them to restore their credit to its rightfull place, follow up with some customers that have gone through the process and offer them the opportunity to join our business. So far I have a 12 noon appt. and a 6pm appt and several phone calls to make in between, but I am on a mission today.I Plan on getting one recruit today as well.My mission: Help others while also helping myself. Put God first throughout the process and build an entire team that wants to go out and change the world.Point Blank: People need what our company has and I must to do today what others don't so I can have tomorrow what others won't!!!!!!!!!!!!!!!!!!!!!Dedicated to changing lives and creating a legacy,Credit RestorerIndependent Agent / National Sales Directorwww.vrtmg.com/sstreeterwww.tdtwmarketing.comOff to get my coffee!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Well, here I am back at it again....loving what I do of course but wanting to get a cup of coffee. Anyway on to the reason for this blog.The importance of having a Business Building Philosophy is to build a network whereby recruiting never stops, therefore sales never stop, therefore income never stops. How many times have we all seen an "individual" come into an opportunity and generate numerous sales???? For me, I have observed this while they observe me RECRUIT! A person that can sale, sale, sale is gifted indeed at sales, no doubt about it.My point is that, with recruits (ie, multiple outlets and/or franchises) you can have others that will duplicate your skills if you train and mentor them. That is what our fearless leaders have taught us. Not only are they a walking billboard for success, but they also provide us with the same opportunities and mentorship every 2-4 months. You can experience this regardless of where you currently reside.We are not watching them from a podium in the back of the "Pepsi Center", but we are in the same room, taking notes and shaking hands with them.Success leaves footprints and I do not ever want to have to wonder "who moved my cheese". On February 13 & 14th, we will be at the fabulous Gaylord Texan Resort in Grapevine, TX. If you are interested in how you can build a true network by recruiting WIDE and field training DEEP, you should send me a message so we can get you ready for this HUGE and life changing event. Of course there is no better way to learn than by having a Valentine's day celebration at the resort at the end of the evening. Did I say, dinner, dancing, bringing out the formal wear and NETWORKING???Send me a message if interested and as always: Put God first in all that you do and pray over your business!CreditRestorerwww.tdtwmarketing.com
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