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Showing posts with label loan modification. Show all posts
Showing posts with label loan modification. Show all posts

Thursday, June 16, 2016

Selling My House for Cash in Orlando - Written by Eugene Hoffman

Selling My House for Cash in Orlando

Should you take a cash offer for your Orlando house?
Not always.
I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no.

Selling My House For Cash In Orlando

If you’re selling a property in Orlando to an end buyer (the person living in the home), chances are good it won’t be bought with cash.
Most transactions close with a bank loan because most buyers don’t have the funds.
This isn’t news.
Even most investors don’t close transactions with cash. It’s easy to let a bank share the risk, even if you have the money – most investors spread themselves too thin.
Eugene does not spread himself too thin because his primary goal is to build stable communities around Orlando.
In most cases, we’ll pay cash for your Orlando Florida property.
Eugene does not spread himself too thin because his primary goal is to build stable communities around Orlando. In most cases, we’ll pay cash for your Orlando Florida property.

The Benefits Of An All Cash Sale Of Your House

The benefits of a cash sale are real:
  • money fast
  • when you need it most
You don’t have to deal with the hassles of waiting months for a buyer to get a mortgage, only to be told that the lender eliminated the program and you’re back to square one.
You don’t have to list your house with a real estate agent and pay a huge commission.
You don’t have to deal with a lot of people just “kicking the tires” and checking out your property for fun. We don’t waste your time. This is our business.
You don’t need to paint, make repairs, or even clean up. We take properties just as they are. You won’t waste money on junk haulers or contractors.
You don’t need to deal with any paperwork. We have it all covered.


I Inherited a House, What To Do? – Should I rent or sell in Orlando? - Written by Eugene Hoffman

sell-your-house-fast-in-orlando-we-buy-houses

I Inherited a House, What To Do? – Should I rent or sell in Orlando?


First, we’re so sorry for your loss. This can be a very challenging time for many reasons, and dealing with property ownership is tough at the best of times. You’re thinking, “I inherited a house, what to do with this house?” Should I rent it? Should I sell it?  How should I sell it?
Tons of options open for you, but…
… we can help.
We’re seasoned investors in Orlando real estate, and we’re looking to buy several houses each month in the Orlando FL area. Every month we get calls from those who have inherited a house and are looking to sell the house… so the info below are some tips to help you navigate the process.

I Inherited A House, What To Do Next?

Here're a few important considerations to help you make the right decision:

1) Make sure the mortgage is paid.

This may sound obvious, but if the person who left you a property also had a mortgage (unless it had no mortgage and was paid off, which is great!), you have to pay it (assuming you want to keep the property). Some banks will allow you to assume the loan, while others may force you to refinance into a new loan. If you don’t qualify for a new loan, renting may not be an option for you.

2) The investment is only as good as the manager.

If dealing with brokers, maintenance, tenants, rent collection and all the nuances of property management isn’t the best use of your time, hire a professional to help you or cash out now.  Some people who inherit homes decide to keep the house and rent it for extra income. That’s a great strategy for sure. You just need to be prepared to manage the property and the hassles that can go along with tenants and toilets.


Behind in my mortgage payments in Orlando! - Written by Eugene Hoffman

Behind in my mortgage payments in Orlando!



Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure
When you fall behind in your mortgage payments on your Orlando home, it can feel like you’re drowning in debt.
Even if you’re able to make your monthly payment, catching up on a past due amount can be an overwhelming trial.
Life seems that there are are no opportunities that can help you to avoid foreclosure in Orlando and maybe even keep your house when you’re seriously behind in payments. Lots of properties in Orlando have been lost to foreclosure, but there are many ways to avoid it.

1. Bankruptcy:

This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford. Our advice is free. If your house is only type of debt find a way to sell. A lender usually prefers to take a partial payoff(short-sale) to having their legal department start foreclosure. That is expensive for both parties.

2. Reaffirm:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

How to sell your House Quickly in Orlando without any Hassle - Written by Eugene Hoffman

How to sell your House Quickly in Orlando without any Hassle


How to sell your House Quickly in Orlando
Are you worried on how to sell your house quickly in Orlando without any hassle?
In this article I’ll dive into some ways you can start to look at to sell your local house more quickly.
There are lots of reasons people need to sell their house fast.
For instance, some of these reasons may include:
  • need to relocate to another city because of a job change
  • vacant property is being a burden on you
  • divorce
  • financial hardship
  • you inherited a house that you don’t want to keep
  • … among other reasons for needing to sell your house
So, if you’re looking to sell your local house fast (which who wants to sell their house slowly anyway?)… check out some of my tips below in this quick article.

Leverage The Web To Get The Word Out

Stats have shown that over 80% of house buyers go to the web first to research and find houses.
So if your house isn’t on the web… how are buyers going to find out about your house?
There are lots of ways to get your house online. You can list it on websites like Zillow, redfin,Craigslist… or even setup your own website for the property.
Then, take that property listing and get it everywhere online that you can. List it on all of the classifieds websites (again, Craigslist, Backpage, etc.).
Total Cost: FREE – Cheap (most routes are free, but some of these sites have paid versions)


Sunday, February 23, 2014

Immigration Minister Chris Alexander reveals contradictions in citizenship law by Jenny Uechi

Should I or should I naught by Gene Hoffman


Should I or should naught get my Canadian citizenship. I had the choice to have dual citizenship before I was eighteen, but then the law changed. Now the opportunity has arisen once again. I would love to live in Vancouver or better yet Victoria Island. It is above my pay-grade because all the rich Chinese have moved there and they bought up all the nice homes. Their houses are now priced as the second highest in the world(I have an article on my blog site).

Read about the new Canadian immigration policy by Jenny Uechi

Citizenship and Immigration Minister Christopher Alexander tread a fine line between sympathy and sticking to government script when speaking about the overhaul to citizenship law proposed by the Strengthening Canadian Citizenship Act.
Speaking at the Sutton Hotel ballroom on Tuesday at an event hosted by the Canadian Club of Vancouver, Alexander spoke about the injustice suffered by Lost Canadians: legitimate Canadians whose citizenship was removed due to archaic and often blatantly discriminatory provisions of past laws. While the majority of Lost Canadian cases were resolved in 2009, it continued to exclude people born before 1947, as well as creating a whole new category of stateless children born abroad.

Thursday, February 20, 2014

Cost of owning a home is spiking in 2014 By: Diana Olick CNBC

Supply and demand will balance out soon and I believe home prices will decline a small amount in the next two years before the next election. In order for a seller to find a qualified buyer two things must happen. A seller must be willing to a sell at both an affordable price and the home must appraise at the selling price. Second item the market must be big enough to attract dozens of qualified buyers with strong incomes and having good, well paying jobs.

Article by:  Diana Olick    CNBC

The sharp rise in home prices in 2013 caused two conflicting results: The return of positive home equity for hundreds of thousands of borrowers and considerably weaker affordability for an equally Read More... large pool of potential homebuyers.

While positive equity allows more borrowers to move, weaker affordability keeps them in place. So which will be the greater driver of housing this spring?

Read more...

Friday, January 24, 2014

The Boom And Collapse Of America's 'Subprime Generation' by Chris Porter

Talk about an amazing reversal of fortune! This may be the most amazing, underreported demographic fact today.
  • 30-34 year olds in 2012 had the lowest homeownership rate of any similarly aged group before them!
  • Five years prior, this exact same group had the highest homeownership rate at 25-29 years old than any group before them!

Wednesday, January 22, 2014

Vancouver’s housing prices 2nd most unaffordable in the world By Peter Meiszner


An urban planning think tank says Metro Vancouver has the second-highest housing prices in the world when compared to local incomes.
Demographia compared urban areas with over 1,000,000 residents in OECD countries around the world.
They say Vancouver’s “strong urban containment policies” have caused the city’s affordability to “deteriorate markedly.”

The average house price in Metro Vancouver is $670,300, which would require 80 per cent of the average median household income to service the mortgage. That’s more than 2.5 times the 32 per cent guideline set out by Canadian Mortgage and Housing Corporation.

Read More ... 

Tuesday, January 21, 2014

UPDATE 2-IMF sees higher global growth, warns of deflation risks By Anna Yukhananov


WASHINGTON, Jan 21 (Reuters) - The International Monetary Fund raised its global growth forecast for the first time in nearly two years on Tuesday, saying fading economic headwinds should permit advanced nations to pick up the mantle of growth from emerging markets.
But the IMF warned richer nations were still growing below full capacity, and it added the specter of deflation to its long list of risks that could derail the nascent recovery.

Read More ...

Saturday, November 9, 2013

Sadly a lot of Homeowners are going to hear this soon.

Over the life of the government’s Home Affordable Modification Program (HAMP), 1.25 million homeowners have received permanent HAMP modifications, and so far 27 percent of those have later re-defaulted on their loans, according to a quarterly report to Congress from the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).
In its report released to lawmakers last week, SIGTARP berated Treasury for not heeding the office’s previous recommendations regarding HAMP, stressing that the inspector general expressed concern in April that “the number of homeowners who have re-defaulted on HAMP permanent mortgage modifications is increasing at an alarming rate.”
About 184,000 homeowners (29 percent) who received HAMP modifications through TARP rather than through the GSEs have re-defaulted, costing taxpayers $972 million in incentives paid to servicers and investors for those workouts, according to SIGTARP. Among borrowers participating in the GSEs’ HAMP programs, just under 154,000 (26 percent) have re-defaulted (HAMP incentives on GSE loans are paid by the GSEs themselves). Additionally, about 10 percent of all active permanent HAMP modifications were one or two months delinquent as of the end of August.
“The longer a homeowner remains in HAMP, the more likely he or she is to re-default out of the program,”SIGTARP stated. The re-default rate among the oldest HAMP modifications is 48.3 percent, according to SIGTARP’s report.