Archive for the ‘Distressed Homeowners’ category

July 10, 2011

Emergency Homeowners’ Loan Program for Wisconsin homeowners in danger of foreclosure. Deadlines & restrictions apply. Read on for more.

Emergency Homeowners’ Loan Program for Wisconsin homeowners in danger of foreclosure. Deadlines & restrictions apply. Read on for more.

Wisconsinites in danger of foreclosure: You may qualify for assistance, but you must apply. Deadline for filing pre-screening paperwork is July 22, 2011. The U.S. Department of Housing and Urban Development (HUD) is implementing the Emergency Homeowners’ Loan Program (EHLP) with money provided through the Dodd-Frank Wall Street Reform and Consumer Protection Act.  EHLP was created to help homeowners […]

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June 27, 2011

Missed a mortgage payment? What to do now.

Missed a mortgage payment? What to do now.

Here are five points about what to do if you have missed a mortgage payment and are having trouble affording your home: 1.      Call your lender to try and work out a loan modification 2.      Do not ignore communications from your bank. They may contain important notices and possibly offers of assistance 3.      Find your […]

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May 10, 2011

What to do if you need help with your mortgage

What to do if you need help with your mortgage

If you are behind on your mortgage or have a life change that affects your ability to pay, what should you do? 1. Get help right away. Do not wait and hope it goes away. 2. Contact the servicer of your loan to see if there is help available for borrowers in trouble. 3. Contact Wisconsin’s […]

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March 15, 2011

What is a Short Sale and is it right for me?

What is a Short Sale and is it right for me?

Have you wondered what a Short Sale is?  Is it right for me?  What’s involved?  What are the long-term ramifications? A Short Sale is:  A sale and closing of a property when the underlying lender(s) are not paid the full amount that they are due, under the terms of their current mortgage note. Many people […]

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January 3, 2011

5 Realities of Purchasing A Foreclosed Property

5 Realities of Purchasing A Foreclosed 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 to […]

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