Real estate investors often look at apartment buildings as a good deal because they provide recurring income. Apartments that are properly maintained and managed efficiently draw reputable residents who pay their rent on time and take care of their property. Converting a run-down complex into a profitable real estate venture is a great idea […]
Since the pandemic, investors and lenders have been trying to accommodate the changing financial times by refinancing and restructuring existing loans. Mutual agreements between the two groups made it possible for many borrowers to create somewhat of a comfort zone where they would be able to manage their investments without too much friction. Even […]
Selling a home below what is owed to the lender, also known as a short sale, may help a homeowner who has experienced a financial catastrophe or upside down on their property. The process does take some time to complete, and homeowners benefit significantly from hiring a professional to help with the short sale procedure. […]
When a homeowner experiences a financial crisis or emergency, selling a home for less than is owed on the mortgage may become necessary. This short sale may allow the homeowner to avoid entering foreclosure while also minimizing financial loss. Selling a home as a distressed property, which means it’s already in pre-foreclosure or foreclosure, is […]
Foreclosures are becoming more common with each passing month. The problem is that the consequences associated with foreclosures can be long-lasting and financially devastating. With all the ups and downs we have experienced with the economy, homeowners are looking for a better solution that will help them bounce back much faster than if they were […]
Many Americans have felt the financial impact of the current economy. High gas prices, groceries, and even rent has become astronomical. Current or prospective homeowners may wonder how the housing market will be impacted in terms of housing prices and interest rates. Many wonder, what recessions can do to the housing market? Below you will […]
Los Angeles is the center of the global entertainment industry and a destination for so many hopefuls to live out their American dream. Los Angeles County boasts a population of over 10 million people, while the city of Los Angeles includes almost 4 million people. It is the largest city in California, and the second-largest […]
Understanding the foreclosure process is important for all homeowners and potential home buyers. While nobody plans to deal with serious financial issues, it can happen to anyone. Understanding your rights during the process can help you avoid further issues. Below you will find the foreclosure eviction timeline. Foreclosure Eviction Timeline The foreclosure eviction process depends […]
Before you look for your next home, consider finding a mortgage lender that fits your needs. A home mortgage can be a decades-long commitment so it’s important to use caution and find the best mortgage lender. This can be different for everyone as lenders have different types of home loans, rates, and fees. Below you […]
Foreclosure occurs when a borrower fails to meet the obligations set forth in the mortgage. When a borrower doesn’t meet their obligations, the lender can foreclose on the property to secure the loan. Due to the legal and financial ramifications of foreclosure, there are a series of steps a lender needs to take in order […]