Archive for the ‘Distressed Homeowners’ category

November 15, 2010

How many Wisconsin real estate loans are underwater or have negative equity?

How many Wisconsin real estate loans are underwater or have negative equity?

You must have heard the newspapers talk about those who own more on their home than what it is now worth because of falling home values, excessive home equity loans, etc. Those people are "underwater" in their mortgage.   They have negative equity.  A LendingTree.com report shows: Florida has 40% of homeowners with negative equity Arizona 50% […]

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June 2, 2010

7 Tips for Short Sale Success

7 Tips for Short Sale Success

First Weber Group can help you avoid foreclosure through a Short Sale – when a property is sold for less than what is owed on the mortgage. Please don’t wait if you are having trouble making your mortgage payments.  Many First Weber agents are specifically trained in handling short sales because unfortunately, they are becoming […]

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January 3, 2010

Five Realities of Purchasing A Foreclosure Property

Five Realities of Purchasing A Foreclosure Property

There are opportunities to buy foreclosed properties in most markets right now.  But the question is, should you?   Let’s define a foreclosure.  When a property owner defaults on their mortgage, the property is headed for foreclosure.  The process varies by State but in most cases, a period of time is allowed for the owner […]

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