Foreclosure is something
that many people think
can never happen to
them.  
The reality is it can happen to anyone.  
There are many reasons that may leave us
forcing foreclosure:

Rising Interest Rates
Unemployment / Personal Tragedy
Health Problems
Death of a Family Member
These are just some of those very real
reasons.  In desperate times, the last thing
we need is to lose our homes and
potentially break up our families.

We are committed to assisting you with
keeping your home.  We will act on your
behalf and negotiate with your lender.  
Whether your goal is to stay in your home
or simply get out of it without going through
foreclosure, or if you just want to sell the
property  ... We can help make it a reality.  
CALL  ANTONY AT:
IN FORECLOSURE;YOUR NUMBER ONE
ALTERNATIVE IS:

SPECIAL FORBEARANCE

YOUR LENDER MAY BE ABLE TO REARRANGE A
PAYMENT PLAN FOR YOU, DEPENDING  YOUR
FINANCIAL SITUATION. AND MAY EVEN PROVIDE  
FOR A TEMPORARY REDUCTION OR SUSPENSION
OF YOUR PAYMENTS.

YOU MAY QUALIFY FOR THIS IF YOU ARE RECENTLY
EXPERIENCED A REDUCTION IN INCOME OR
INCREASE IN LIVING EXPENSES.

YOU MUST FURNISH INFORMATION TO YOUR
LENDER TO SHOW THAT YOU WOULD BE ABLE TO
MEET THE NEW PAYMENT PLAN.
-------------------------------------------------
ALTERNATIVE NUMBER TWO:

MORTGAGE MODIFICATION
YOU MAY BE ABLE TO REFINANCE YOUR THE DEBT
AND/OR EXTEND THE TERM OF YOUR MORTGAGE
LOAN.
THIS MAY HELP YOU CATCH UP BY REDUCING THE
MONTHLY PAYMENTS TO A MORE AFFORDABLE
LEVEL
YOU MAY QUALIFY IF YOU ARE RECOVERING FROM
A FINANCIAL PROBLEM AND CAN AFFORD THE NEW
PAYMENT AMOUNT.
------------------------------
ALTERNATIVE NUMBER THREE

PARTIAL CLAIM

YOUR LENDER MAY BE ABLE TO WORK WITH YOU
TO OBTAIN A ONE-TIME PAYMENT FROM FHA
INSURANCE FUND TO BRING YOUR MORTGAGE
CURRENT.
YOU MAY QUALIFY IF: YOUR LOAN IS AT LEAST
FOUR MONTHS DELINQUENT BUT NO MORE THAN
TWELVE MONTHS.

WHEN YOUR LENDER FILES A PARTIAL CLAIM, THE
US DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT WILL PAY YOUR LENDER THE
AMOUNT NECESSARY TO BRING YOUR MORTGAGE
CURRENT.
YOU MUST EXECUTE A PROMISSORY NOTE; THIS
SHOULD BE PAID IN FULL LATER TO REMOVE THE
LIEN.
THE PROMISSORY NOTE IS INTEREST FREE AND
DUE WHEN YOU OFF THE FIRST MORTGAGE OR
WHEN YOU SELL THE PROPERTY.M
WWW.KNOWLEDGEFINANCIALGROUUP.COM
WWW.KNOWLEDGEFINANCIALGROUP.COM
KNOWLEDGE FINANCIALGROUP.COM
The United States has experienced a truly
remarkable boom in the housing market
over the last few years. Now that the market
is undergoing a correction though, many
families are in increased danger of losing
their homes to foreclosure. While
foreclosure may be a scary prospect, it's by
no means inevitable if you're willing to allow
us to work with your lending institution to
come up with a solution that allows you to
still make payments in the face of whatever
kind of financial hardship you may have
encountered.
HOME BUYING:  LET US HELP YOU FIND THE
PROPERTY YOU WANT FOR THE PRICE YOU
CAN AFFORD IN THE AREA YOU DESIRE.
CALL  ANTONY A PROFESSIONAL REALTOR
AT:  786-709-1531 ----Fortune International
Realty
LET US HELP YOU SELL YOUR PROPERTY
FAST AND QUICK FOR THE TOP PRICE!

WE USE MULTI-MARKETING TECHNIQUES
WITH PROFESSIONALISM AND EXPERTISM.

YES WE CAN SELL YOUR PROPERTY.. CALL
US AT:  786-709-1531 ---South Florida
ATTENTION SELLERS?

BY LETTING US LIST YOUR PROPERTY :
IS MORE EXPOSURE,   

MORE SHOWINGS,

MORE OFFERS,

AND MORE MONEY FOR YOUR
PROPERTY.

CALL A PROFESSIONAL REALTOR AT:  
---South Florida
REAL ESTATE: BUYING, SELLING,
LISTING, LEASING A PROPERTY IN
SOUTH FLORIDA. CALL A
PROFESSIONAL REALTOR AT:  --  F.
INT REALTY
WHAT GUIDELINES ARE REQUIRED FOR A MORTGAGE LOAN?
Mortgages are used by individuals and businesses wishing to
make large value purchase of real estate without payment the
entire value of the purchase up front. Mortgages are also known
as lien against property, or claims on property. Mortgage is a
legal agreement that creates an interest in a real estate property
between borrower and the lender.

HOW TO UNDERSTAND THE HOME LOAN PROCESS?
Understand that in order to finance or refinance a loan the lender
requires documentation to verify and substantiate your
employment, credit and financial situation to assure its investors
that you have the ability to repay the MONEY

HOME REFINANCING: 10 GREAT REASONS TO REFINANCE A
PROPERTY. NOW IT'S THE BEST TIME FOR REFINANCING, THE
INTEREST RATE IS VERY LOW.

MORTGAGE LOAN MODIFICATION PROGRAMS; AN ALTERNATIVE
TO REDUCE MONTHLY MORTGAGE PAYMENT, TO AVOID
FORECLOSURE, TO SAVE YOUR CREDIT RATING, TO SAVE YOUR
PROPERTY.

REVERSE MORTGAGE
NO MORTGAGE PAYMENTS EVER AGAIN: IF YOU OWNED A
HOME AS YOUR PERSONAL RESIDENCE.
TO IMPROVE YOUR QUALITY OF LIFE AND LIVE WITH NO
STRESS!
IF YOU'RE 62 YEARS OF AGE OR OLDER, YOU CAN ACHIEVE
THIS, THROUGH A REVERSE MORTGAGE, REGULATED BY THE U.
S. GOVERNMENT.

FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR
FIRST, SECOND, AND OR THIRD PROPERTY. HOW AND WHERE
TO FIND MONEY? CLICK RIGHT HERE!

FHA: F H A MORTGAGE LOANS, THE GOVERNMENT IS THERE TO
HELP YOU PURCHASE YOUR HOME. PLEASE CONTACT US WE
WILL SHOW YOU THE  WAY .

MORTGAGE LOAN PRE-QUALIFICATION, LOW INTEREST RATES,
8 Reasons to Get Pre-Approved for a Home Loan
Learn why pre-approval is one of the smartest moves you can
make when shopping for a home


Subprime Mortgage
        A type of mortgage that is normally made out to borrowers
with lower credit ratings. As a result of the borrower's lowered
credit rating, a conventional mortgage is not offered because the
lender views the borrower as having a larger-than-average risk
of defaulting on the loan.

FINANCING YOUR REAL ESTATE INVESTMENT; BUYING YOUR
FIRST, SECOND, AND OR THIRD PROPERTY. HOW AND WHERE
TO FIND MONEY? CLICK RIGHT HERE!

RENTAL PROPERTY / COMMERCIAL REAL ESTATE /
COMMERCIAL LEASE Tips for Making Solid Business
Agreements and Contracts
SAVE YOUR HOME, SAVE YOUR CREDIT,
REDUCE YOUR MONTHLY PAYMENT, AVOID
FORECLOSURE. CLICK HERE!

“WE WAN TO HELP YOU SAVE YOUR HOME”
DON’T WAIT UNTILL IT’S TOO LATE TO ASK
US FOR HELP!
WE CAN HELP YOU EXPLORE YOUR
OPTIONS…
11 Great things to do with your money in
financial crisis, in difficult economic time

Trust Account: Definition of a Trust; Land
Trust, Living Trust, Revocable Trust, Land
Contract. It is one of the oldest and best
defined relationships known in the law

How to protect yourself and a business
against malicious law-suits?

Will & Living trust
What is a will and what is living trust?
How does a living trust avoid probate?
Tips for Avoiding Foreclosure

Related Information   Resources in Your State
"Tax Relief Options" - Help Save My Home
Relief options for FHA homeowners  
HUD National Servicing Center has more information
on avoiding foreclosure

Read the PDF version of the How To Avoid
Foreclosure brochure
Providing Alternatives to Foreclosure
Alternatives to Foreclosure
=============

Are you having trouble keeping up with your
mortgage payments?

Have you received a notice from your lender asking
you to contact them?

Lenders willing to try to negotiate a deal with
borrowers in difficulty.

But one factor that makes a major difference between
borrowers who are able to keep their homes and
those who lose them is a simple phone call
Always let your lender know when you are in difficulty
with your mortgage because foreclosure costs
everybody:
 Lenders, Investors, communities etc.
Delinquent borrowers have more option than they
may realize

Don't ignore the letters from your lender
Contact your lender immediately
Contact a HUD-approved Housing Counseling Agency

If you are unable to make your mortgage payment:

1. Don't ignore the problem.

The further behind you become, the harder it will be
to reinstate your loan and the more likely that you will
lose your house.

2. Contact your lender as soon as you realize that you
have a problem.

Lenders do not want your house. They have options
to help borrowers through difficult financial times.   

3. Open and respond to all mail from your lender.

The first notices you receive will offer good
information about foreclosure prevention options that
can help you weather financial problems.  

Later mail may include important notice of
pending legal action.  Your failure to open the mail
will not be an excuse in foreclosure court.
4. Know your mortgage rights.

Find your loan documents and read them so you know
what your lender may do if you can't make your
payments.  Learn about the foreclosure laws and
timeframes in your state (as every
state is different) by contacting the State Government
Housing Office.  
==========

5. Understand foreclosure prevention options.

Valuable information about foreclosure prevention
(also called loss mitigation) options can be found on
the internet at www.fha.gov/foreclosure/index.cfm.
=========

6. Contact a HUD-approved housing counselor.

The U.S. Department of Housing and Urban
Development (HUD) funds free or very low cost
housing counseling nationwide.  Housing counselors
can help you understand the law and your
options, organize your finances and represent you in
negotiations with your lender if you need this
assistance.
Find a HUD-approved housing counselor near you or
call  (800) 569-4287  or
TTY  (800) 877-8339 .
==============

7. Prioritize your spending.

After healthcare, keeping your house should be your
first priority.  Review your finances and see where you
can cut spending in order to make your mortgage
payment.  Look for optional
expenses-cable TV, memberships, entertainment-that
you can eliminate. Delay payments on credit cards and
other "unsecured" debt until you have paid your
mortgage.

8. Use your assets.  
Foreclosure Avoidance Tactics
If your home is at risk of foreclosure, don't start
packing - take action! Some of the steps you can
take to save your house include: Knowledge
Financial Group - Knowledgefinancial.com

1. Reinstatement
When you are behind in your mortgage payments,
reinstatement lets you to pay back the amount in
lump sum payment (which may include any
interest and penalty charges) before a specific date.

2. Short Refinance
In a short refinance, the lender may agree to
forgive some part of your debt and refinance the
remaining debt into an entirely new loan.

3. Special Forbearance
Sometimes, a short-term financial hitch like medical
emergency or a decrease in income may not allow
you to make mortgage payments on time.

 If your lender believes that you have a valid reason
behind the missed payments, it may be agree to
help you out with a special forbearance.

Depending on your financial circumstances, your
lender may consent to a repayment in which you
will temporarily owe lower payments; you may also
get an interim suspension of payments.

 However, in order to secure this agreement, you
will have to assure your lender that you will
resolutely abide by the new repayment plan. =

Knowledge Financial Group -
Knowledgefinancialgroup.com

4. Mortgage Modification
Loan modification allows you to refinance your
mortgage loan or even extend the term of your
loan. The lender may settle for monthly mortgage
payments that are within your financial means.

 However, to qualify for this alternative, you need to
persuade your lender that your monetary problems
are only temporary and will soon be resolved.

5. Refinance with a "Hard Money" Loan
Sometimes your lender may refuse to refinance
your loan if it considers you as a high-risk
borrower. In this case, you can contact a private
lender to refinance with a hard money loan.

 Hard money loans generally have astronomical
interest rates and fees, but it could allow you to
buy the time you need to avoid foreclosure.

These foreclosure options should be easily
available to anyone with a government-backed
loan provider and built-in mortgage insurance,
such as in an FHA loan.

When Foreclosure is Inevitable
If your situation makes foreclosure unavoidable,
here are some tactics you can use to dampen the
financial blow.

6. Pre-Foreclosure Sale
If you are absolutely convinced about your
deteriorating finances, then the only option left for
you is to sell your home for less than the amount
required to pay the mortgage loan.

 You may be eligible for this alternative only if you
default in your mortgage payments by a few
months, or as specified by your lender.

 In addition, you may be required to sell your home
in a specific amount of time..) Knowledge Financial
Group - Knowledgefinancial.com

If you can't bear to move out, you could sell your
house to a friend or an investor who will then lease
the home to you.

The best way to do this is to sign a lease (or
contract) that includes an "option to purchase"
clause, which gives you the right to buy back your
home once your finances have improved.

However, this alternative does have significant
risks, as sometimes the investor can borrow
against your property or may even sell your home
without your authorization.
REAL ESTATE FOR SALE, SEE THE ACTUAL LISTINGS
NOW!
Search for more properties in any city Right Here, Right
Now!
Fast, Easy and Simple. Click Here to Search!
REAL ESTATE FOR SALE AT Low Prices, Below Market
Value, Low Interest rates.
FIND HOMES FOR SALE!. SINGLE & MULTI-FAMILY  
HERE!

SEARCH FOR CONDOMINIUM, APARTMENTS
SEARCH FOR COMMERCIAL PROPERTIES RIGHT HERE!
SEARCH FOR WATERFRONT PROPERTIES

Motivated Sellers; Selling at Unbelievable Prices...
LOOK FOR, FOR  SALE PROPERTIES HERE!

Live Your Dream
Search it, Find it, Learn about it, Negotiate it, Buy it.

Obtain and retain our contact information  to further
assist you.! Click Here to contact us & get immediate
help!  --- We're Licensed Realtor & Licensed Mortgage
Broker.
North Bay Village, Florida
North Bay Village is a city located in Miami-Dade County,
Florida. As of the 2000 census, the city had a total
population of 6,733. As of 2010, the population recorded
by the U.S. Census Bureau was 7,137.


Local time: 3:49 PM 5/4/2015
Area: 0.84 sq miles (2.17 km²)
Population: 7,401 (2013)
Population in 2013: 7,401 (100% urban, 0% rural). Population
change since 2000: +9.9%



Males: 3,728   (50.4%)
Females: 3,673   (49.6%)


Median resident age:   36.9 years
Florida median age:   40.3 years


Zip codes: 33141.

Estimated median household income in 2012: $48,660 (it was
$34,354 in 2000)


North Bay Village:
$48,660
FL:
$45,040
Estimated per capita income in 2012: $28,299 (it was $21,017
in 2000)

North Bay Village city income, earnings, and wages data

Estimated median house or condo value in 2012: $172,842 (it
was $94,300 in 2000)

North Bay Village:
$172,842
FL:
$148,200
Mean prices in 2009: All housing units: $349,873; Detached
houses: $598,380; Townhouses or other attached units:
$468,064; In 2-unit structures: $873,719; In 3-to-4-unit
structures: $137,299; In 5-or-more-unit structures: $182,724;
Mobile homes: $12,482; Occupied boats, RVs, vans, etc.:
$43,686


Median gross rent in 2012: $1,307.

For population 25 years and over in North Bay Village:
•High school or higher: 87.4%
•Bachelor's degree or higher: 34.2%
•Graduate or professional degree: 17.2%
•Unemployed: 7.1%
•Mean travel time to work (commute): 25.4 minutes


For population 15 years and over in North Bay Village
city:
•Never married: 29.4%
•Now married: 43.4%
•Separated: 5.3%
•Widowed: 2.8%
•Divorced: 19.1%


4,130 residents are foreign born (18.4% Latin America).


This city:   56.2%
Florida:   19.4%




According to our research of Florida and other state
lists there was 1 registered sex offender living in North
Bay Village, Florida as of May 04, 2015.
The ratio of number of residents in North Bay Village to
the number of sex offenders is  7,362 to 1.
The number of registered sex offenders compared to
the number of residents in this city is a lot smaller than
the state average.




Median real estate property taxes paid for housing
units with mortgages in 2012: $2,993 (1.8%)
Median real estate property taxes paid for housing
units with no mortgage in 2012: $2,464 (1.1%)


North Bay Village satellite photo by USGS


Nearest city with pop. 50,000+: Miami Beach, FL  (2.6
miles , pop. 87,933).

Nearest city with pop. 200,000+: Miami, FL  (5.9 miles ,
pop. 362,470).

Nearest city with pop. 1,000,000+: Houston, TX  (969.5
miles , pop. 1,953,631).

Nearest cities: Miami Beach, FL  (1.6 miles ), Miami
Shores, FL  (1.6 miles ), El Portal, FL (1.6 miles ), Indian
Creek, FL (1.6 miles) , Surfside, FL  (1.7 miles ),
Biscayne Park, FL (1.7 miles ), Bay Harbor Islands, FL
(1.8 miles ), Bal Harbour, FL (1.9 miles


Read more: http://www.city-data.com/city/North-Bay-
Village-Florida.html#ixzz3ZANkNClJ
NORTH BAY
BECOMES A VILLAGE

During the latter part of 1951, legal steps were taken to
incorporate the Village of North Bay.  At a special meeting
on October 1, 1951, the citizens indicated unanimous
approval for incorporation.  The official election to vote
upon the question of incorporation took place December
22, 1951, and was overwhelmingly carried.  The Village was
officially incorporated on December 31, 1951.

On the evening of January 8, 1952, the nominees were
presented for the first village offices.  On January 31, 1952,
a special election was held to elect the first officers of The
Village of North Bay
North Bay Village Real Estate

We'll help you find your dream home!
We'll help you sell your property!
Do you have assets-a second car, jewelry, a whole life
insurance policy-that you can sell for cash to help
reinstate your loan?

Can anyone in your household get an extra job to bring in
additional income?  Even if these efforts don't significantly
increase your available cash or your income, they
demonstrate to your lender that you are willing to make
sacrifices to keep your
home.  
===============

9. Avoid foreclosure prevention companies.

You don't need to pay fees for foreclosure prevention
help-use that money to pay the mortgage instead. Many
for-profit companies will contact you promising to
negotiate with your lender.

While these may be legitimate businesses, they will
charge you a hefty fee (often two or three month's
mortgage payment) for information and services your
lender or a HUD approved
housing counselor will provide free if you contact them.

10. Don't lose your house to foreclosure recovery scams!

If any firm claims they can stop your foreclosure
immediately if you sign a document appointing them to act
on your behalf, you may well be signing over the title to
your property and
becoming a renter in your own home!  Never sign a legal
document without reading and understanding all the terms
and getting professional advice from an attorney, a
trusted real estate
professional, or a HUD approved housing counselor.
HOMES FOR SALE
South Florida Real Estate Owners:  Call Anthony
At: ,  SOUTH FLORIDA;  CALL  ANTONY A
PROFESSIONAL REALTOR.  AT:  -- F. Int. Realty.
---  CLIENTS COMPLETE SATISFACTION
GUARANTEED !
--------------------

ABSOLUTE REAL ESTATE MARKETING:
WE WILL EXPOSE YOUR FOR SALE PROPERTY TO MORE THAN 25
DIFFERENT WEBSITES WORLDWIDE

LANGUAGES / DIFFERENT COUNTRY
WE WILL ADVERTISE YOUR REAL ESTATE IN 13 DIFFERENT
LANGUAGES. MORE EXPOSURE, MORE BUYERS FROM DIFFERENT
COUNTRY.

OPEN HOUSE
WE WILL DO FREQUENT OPEN HOUSE, MORE ANNOUNCEMENT TO
MORE PEOPLE.

EMAIL MARKETING
WE WILL ADVERTISE YOUR REAL ESTATE BY SENDING EMAIL  TO
OTHER AGENTS,  INVESTORS AND PROSPECTIVE BUYERS.

South Florida Home Sellers'
ATTENTION HOME SELLERS:

LET US HELP YOU SELLING YOUR PROPERTY.

WITH US: IS MORE ADVERTISEMENT,

MORE  EXPOSURE,

MORE SHOWINGS,

MORE OFFERS, AND MORE MONEY FOR YOUR
PROPERTY!

YOUR PROPERTY WILL BE MARKETING IN 13
DIFFERENT LANGUAGES

CALL:  --- SOUTH FLORIDA.   --- WE,RE
LICENSED REALTOR & LICENSED MORTGAGE
BROKER
------------------------------

Selling Your Real Estate in Least Amount of Time
For The Most Money.

Expose Your Property to The Most Potential
Buyers.
CALL ANTHONY AT:
BUYING, SELLING, LEASING A
REAL STATE PROPERTY IN SOUTH
FLORIDA IS THE AFFAIR OF A
LICENSED REAL ESTATE
PROFESSIONAL.

CALL  ANTONY AT:
FOR A COMPLETE REAL ESTATE
SERVICE!
North Bay Village, Florida
Take a Deep Breath - Keep Calm - Read On
& Read More To Learn More..
Knowledge Financial Group Has Excellent ,
Gorgeous & Exceptional Information For
you!!
Buying a Home

Search homes for sale and
use our expertise, our market
knowledge, our
professionalism to help you
gain the most in today’s real
estate market.
READ MORE...
Selling Your Home

As a Realtor, as a Real Estate
Professional  we can help you maximize
your opportunity to sell your property
ASAP for the maximum price possible..
READ MORE...
REAL ESTATE: BUYING, SELLING,
LEASING A PROPERTY IN SOUTH
FLORIDA. CALL A PROFESSIONAL
REALTOR AT: 7 --  F INT REALTY
Knowledge Financial Group - Provides:  
Unlimited Access: Learn What You
Want, When You Want, From Our
Entire Web Library; Sites, Blogs,
Articles, And Social Media Pages.    
Knowledge Financial Group -
Provides  Motivational, Inspirational,
Training videos: Find what you need
in our growing audio video library.
New videos added regularly.
North Bay Village

A Three Island Paradise

North Bay Village, FL

North Bay Village is a three-island community
situated in northeast Miami-Dade County
between the cities of Miami and Miami Beach that
used to be underwater.

The three islands - North Bay Island, Harbor
Island and Treasure Island - are linked by the
John F. Kennedy (79th Street) Causeway, which
extends across Biscayne Bay from Miami to
Miami Beach. In addition to being centrally
located to Downtown Miami and Miami Beach,
beautiful views of Biscayne Bay and a variety of
restaurants and shops add to North Bay Village's
appeal.
Education -Training - Tutorials

Knowledge Financial Group -
Knowledgefinancial.com = Our educational
training website, blogs, articles, social media
pages are designed to help everyone
Read . Watch. Listen. Practice. Learn. From
Knowledge Financial Group -
Knowledgefinancial.com

You Set The Pace;. Learn What You want,
when you wan It, And Ask Us Any
Questions,  Anytime You Want..
'' REAL ESTATE WORLD CLASS SERVICE FOR BUYERS - SELLERS. Which
one is better? What is the difference between: Houses, townhouse or
townhome, Co-Op = Cooperative Property, CONDOMINIUMS, Single Family
Home, manufactured home,
Timeshare: What is a timeshare? LEARN MORE HERE...

'' Real Estate Location:  Business Success starts with a great location!
A place to live in {Residential Property} starts also with a great location!
Here's what you really need to know about location...

'' Million dollar recipes to your residential real estate wealth Creative financing
that works. Real Estate Service For Investors, Buyers And Sellers...The Real
Estate strategy  That Everyone Should Know About...

'' Rent vs. Buy: Home Ownership - Affordability - Why Rent When You Can
Buy? Antony Real Estate. LEARN MORE about the Benefits of Real Estate
Investing =M

'' Learn How To Evaluate REAL ESTATE  Deals – Learn how to evaluate
markets..
What's a better time to invest in real estate? The Fundamentals of a
Successful Real Estate Wholesaling Business... LEARN MORE RIGHT HERE..
'' Reasons To Buy A Home In This Market... Real Estate Zone The Marketplace
To Build Great Wealth. Real Estate Investing: The 10 Commandments Of
Buying Properties With No Money And, Or No Credit. READ MORE =

'' Real Estate Investment News & Blogs.. Smart Real Estate Investing
Strategies for Today’s Market.. Income Creation Strategy = Cash Flow Strategy
= Passive Investing Strategy.. How to Negotiate Your Best Real Estate Deal =

'' Buyers And Sellers: What Do Buyers And Sellers Pay In Closing Costs?
Real Estate Closing Process Questions To Ask Yourself.. Crucial Questions.
LEARN MORE =

'' Home Ownership - Affordability - Why Rent When You Can Buy
Real Estate investing strategies: Multiple ways to acquire real estate
properties at your advantage... LEARN MORE HERE..

'' Investment Homes - Income Producing Properties.. Why, How, When And
What?
Factors To Consider When Buying A property.. LEARN MORE HERE..
'' Learn More About Real Estate Investing: Contract For Deed - Land Contract -
Option Contract - Assignment Contract - Wholesaling ... READ MORE //

'' Real Estate Investing Guide The Right Strategy For The Right Market. Learn
about the three principal ways of real estate..  1. Buy to live in ---- 2. Buy to rent
out And 3. Buy to sell... READ MORE..

'' Real Estate Mortgage Home Loan: WHAT GUIDELINES ARE REQUIRED FOR
A MORTGAGE LOAN? HOW TO UNDERSTAND THE HOME LOAN PROCESS?
LEARN MORE '

'' REAL ESTATE MILLIONAIRE FANS CLUB INTERNATIONAL -
Real Estate Down-payment Assistance Programs /Real Estate Financing
Methods...

'' How To Get Prequalify For Mortgage Loan? Home Loan Pre-Approval
Process Made Easy. FHA, VA, USDA & Conventional. Easy Steps.. READ
MORE..

'' Real Estate Investing: WHERE AND HOW TO FIND MONEY TO INVEST IN
REAL ESTATE? // Real Estate is the simplest, fastest, and most productive way
to generate significant sums of immediate cash. LEARN MORE...
.
'' Things to Know Before Buying a House (That Will Save You Money)  '' LEARN MORE HERE...
Things to Know Before Buying a House
(That Will Save You Money)...

There are a lot of things to know before buying a house. Your friends
and family surely have plenty of tips, but if you have been approved for
a mortgage for your next home, here are a few things to know that they
might not have told you. And what they haven't told you could cost you!
========

Avoid the following actions to ensure a smooth settlement.

1. Don’t apply for new credit
It may seem natural to apply for a credit card at a home improvement
store or a furniture store before buying a house, but applying for credit
can lower your credit score. Not only will you lose a few points because
of a credit inquiry, but if you are approved for new credit, a lender may
worry that you will spend up to your new credit limit and then default on
your loan.

2. Don’t close any credit accounts

You may be feeling that this is a good time to get your financial house
in order by closing unused credit accounts or transferring your debt to
a new credit card with a zero-interest balance transfer offer. While that’
s a smart move financially, it’s a bad one for your credit score because
you lose points when you have a higher usage of debt compared to
your limit on one credit card and to your overall credit availability. Wait
until your closing is complete before you make these changes.

3. Don’t move your money around without a paper trail
Your lender will need the most recent bank statements before you go
to settlement, so if you have any unusual deposits you will need to
provide complete documentation of where the money came from. If
possible, it’s best to move the cash you will need for your home
purchase into one account before you apply for a mortgage. If not,
make sure you have complete and accurate records readily available.

4. Don’t increase your debts
In addition to your credit score, your debt-to-income ratio is extremely
important to a loan approval. If you take on more debt you could be in
danger of going above the maximum acceptable debt-to-income ratio.

5. Don’t skip a payment or make a late payment
One of the most important elements of your credit score is your history
of on-time, in-full payments, so don’t get so caught up in buying a
house that you forget to keep up with paying basic bills.

6. Don’t buy a car
You may be feeling that a new car would be a nice addition to the
driveway of your new home. Resist that feeling. Even if you can easily
afford a new car, the depletion of your savings or the addition of a new
car loan could derail your mortgage application. Wait until after you
have moved to switch to a new car.

7. Don’t change jobs if you can help it
While a job change could mean a raise or a path to a better future, it
could also delay your settlement. Your lender needs to verify
employment and will need pay stubs to prove your new income before
your loan can go to settlement.

8. Don’t spend your savings
You’ll need cash on hand at the settlement for your down payment and
closing costs and your lender may even verify your cash reserves one
more time, so make sure the funds stay in place.

In other words, no matter how hard it is at this exciting time, it’s better
to do nothing than to do anything.
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MORTGAGE?  
What Are the Benefits of a Loan Modification?
Loan modification can change one or more of the terms of your loan to provide relief if you are
financially stressed by the coronavirus pandemic or otherwise. Modifications can include:

Reducing your interest rate
Changing a variable interest rate to a fixed one
Extending the term length

The extended loan term compensates the lender for the reduced interest rate or payment. So
your 30-year mortgage might become a 40-year one, Broeker says.

But in exchange you'll get:

A reduced payment. If you can reduce your monthly payment, it could be just the relief you need
to pull through tough times.

A chance to keep your home. Banks prefer to avoid foreclosure because it's an expensive
process. The best outcome for the homeowner and the bank is a loan modification to make
continued payments possible.


===========
What Is a Deed in Lieu of Foreclosure?
An Option for When You Default on Your Mortgage..

Deed in lieu of foreclosure:

A deed in lieu of foreclosure is a deed instrument in which a mortgagor (i.e.
the borrower) conveys all interest in a real property to the mortgagee (i.e. the lender)
to satisfy a loan that is in default and avoid foreclosure proceedings. The deed in lieu
of foreclosure offers several advantages to both the borrower and the lender.  
===============
 A deed in lieu of foreclosure is one of the options available to homeowners
who default on their mortgage. For borrowers at risk of losing their home, a deed in
lieu of foreclosure can be a better solution than a full foreclosure for a number of
reasons—chief among them the fact that your credit score will take less of a hit. Here's
what to expect when you're asking a lender to consider this.
=============

What is a deed in lieu of foreclosure?
Homeowners who decide not to put up a fight to keep their home or to stave off
foreclosure can instead pursue a deed in lieu of foreclosure.

It is essentially a legal and binding document that transfers the title from the
homeowners to the bank that holds the mortgage.

This process means signing over any legal right to your home, and handing over both
the deed and the keys to the house. In exchange, the lender agrees to immediately
release the borrowers from their mortgage obligations. Lenders tend to be open to this
option.

After all, when a homeowner comes to a bank and says, "take my house, I know I can't
pay," a lender is saving the costs that come with a traditional foreclosure process.

The same goes for the homeowner. "They give the house back to the
lender to avoid the hassle of dealing with the legal process and harm it causes to their
credit,"  This approach was especially common in the early 2000s



Be aware that some mortgage agreements don't allow for a
deed in lieu of foreclosure.

"Most loan programs have specific guidelines that determine what options a
homeowner can pursue when they go into default," Wilson says.

Advantages of a deed in lieu of foreclosure for borrowers
If your mortgage service has given you the go-ahead for a deed in lieu of foreclosure,
there are some things that will benefit you.

By admitting fault from the start, a homeowner essentially stops foreclosure
proceedings in their tracks. The bank doesn't have to file paperwork, nor does the
homeowner have to go through the back-and-forth of whether or not the bank will take
the house.

While some homeowners want to delay the process while they scramble to pull
together the cash to save their home, opting for the deed in lieu of foreclosure can be
a relief, Moran says.

"It also allows them to begin fresh sooner than they might if they were to go through
the process of a full foreclosure,"

============
What Is a Strategic Default on a House? When Walking Away Is the Right Move..
We've been told to never walk away from our problems, but what if walking away is the most logical solution? When it comes to an underwater mortgage—where the
money you owe on the house is higher than the current market value—some homeowners choose to cut their losses.

Referred to as strategic default or strategic foreclosure, the decision to abandon your home loan is a workaround that some homeowners use
to get out of a bad investment. Although controversial, there are times when voluntarily bolting on your mortgage based on declining values might make economic
sense.

“During the foreclosure crisis, when property values plummeted, strategic default was the term used to describe borrowers who remained able to pay their mortgage,
but made a calculated, strategic choice to stop paying
How strategic default works
The process of a strategic default is fairly straightforward. After making the calculations and realizing your home value pales in comparison to the principle left on
your mortgage, homeowners simply stop paying. And if lenders are not getting their money, sooner or later they’ll foreclose on the home.

“To strategically default, you stop paying the mortgage until the lender forecloses and repossesses the property,”

How defaulting affects your financial future
Of course, defaulting on a mortgage means you'll take some sort of hit to your credit score. That's why anyone considering strategic default should understand the
consequences it can have on their financial future. When buying another home or even renting, lenders and landlords may be more discriminating based on your
record.

“Any default will affect your credit score, and a foreclosure will remain on your report for up to seven years

========
Deficiency Judgment
A deficiency judgment is an unsecured money judgment against a
borrower whose mortgage foreclosure sale did not produce sufficient
funds to pay the underlying promissory note, or loan, in full.

The availability of a deficiency judgment depends on whether the
lender has a recourse or nonrecourse loan, which is largely a matter of
state law.

 In some jurisdictions, the original loan(s) obtained to
purchase property is/are non-recourse, but subsequent refinancing of a
first mortgage and/or acquisition of a 2nd (3rd, etc.) are recourse loans.
============
What Is a Deficiency Judgment?
A deficiency judgment is a legal order to pay off a loan balance after
foreclosure or repossession.

When a lender takes your property and sells it, the sales proceeds pay
off your debt and any additional fees related to collections.

But if the property doesn't sell at a high enough price to satisfy the
debt, you may still owe money.

The remaining amount is called a deficiency, and a
deficiency judgment from a court makes you personally liable for any
deficiency balance. As a result, lenders or debt collectors can try to
collect the amount due

What Might Happen?
If your lender successfully wins a deficiency judgment against you,
you're personally liable for the amount of the judgment.

You’re legally obligated to pay your lender. If you don’t
pay, your lender can try to collect using other methods.

In some cases, lenders themselves don’t do anything. Your account may
be turned over to a collection firm, and the debt collector pursues the
debt.

If your lender has won a deficiency judgment, it can take certain steps to
collect. These may include:

Garnishing your wages: Taking a portion of your paycheck
until the debt is satisfied.

Levying your accounts: Taking cash from your bank account
to reduce the debt.

Putting liens on other property: Taking a legal interest in items you own
(although your home, car, and other essential items are often protected).
Contacting you and requesting money:

Debt collectors can be persistent and persuasive. If you don’t intend to
pay or communicate with collectors, you can request that they stop
contacting you. However, that doesn’t prevent them from taking the
legal actions listed above.2

Retirement accounts are generally not at risk in a deficiency judgment,
but check with a local attorney to see if you are at risk. Collectors might
ask you to voluntarily raid your retirement accounts, but you generally
aren't legally required to do so. In some cases, it’s best to keep that
money protected in a retirement account
DEFICIENCY BALANCE:
A deficiency balance is the amount owed to a creditor when collateral is sold for an
amount that is less than what the borrower owes on a secured loan.

A deficiency balance occurs when a borrower fails to make payments on a loan
secured by collateral and the creditor sells the collateral in an attempt to recoup the
remaining loan balance
==============

 A deficiency balance is the amount owed to a creditor when
collateral is sold for an amount that is less than what the
borrower owes on a secured loan. A deficiency balance occurs when a
borrower fails to make payments on a loan secured by collateral and the creditor sells
the collateral in an attempt to recoup the remaining loan balance

Deficiency Judgments Following Short Sales
Many homeowners who complete a short sale will face a deficiency judgment, though a
few states disallow them after this kind of transaction.

What is a deficiency? The difference between the total debt and the sale
price is called a “deficiency.” For example, say your bank gives you permission to sell
your property for $300,000, but you owe $350,000.

The deficiency is $50,000. In many states, the bank can seek a personal judgment
against the borrower after the short sale to recover the deficiency amount.

===============

Anti-deficiency laws. While many states have enacted legislation that
prohibits a deficiency judgment following a foreclosure, most states do not have a
corresponding law that would prevent a deficiency judgment following a short sale.

California is an example of a state that has specific legislation prohibiting a deficiency
judgment following a short sale—but most states have no such prohibition.

How to avoid a deficiency judgment after a short
sale. To ensure that the bank can't get a deficiency judgment against you following a
short sale, the short sale agreement must expressly state that the transaction is in full
satisfaction of the debt and that the bank waives its right to the deficiency.

Avoiding a deficiency balance is the main benefit of a short
sale. (If you can't get the bank to agree to waive the deficiency entirely, you might try
negotiating a reduced deficiency amount.)

Possible tax consequences. If the bank forgives some or all of the deficiency and
issues you an IRS Form 1099-C, you might have to include the forgiven debt as taxable
income.

How a Short Sale or Deed in Lieu Affects Your Credit
Score

Generally, short sales and deeds in lieu have a similar effect on a person’s credit
score. Much like with a foreclosure, if you have a high credit score before the short
sale or deed in lieu—say you complete one of these transactions before missing a
mortgage payment—the transaction will cause more damage to your credit score.

Though, if you’re behind on your payments and already have a low score, a short sale
or deed in lieu won’t cause you to lose as many points as someone who has a high
score.
Also, if you’re able to avoid owing a deficiency after the short sale or deed in lieu, your
credit score might not fall quite as much.
FORECLOSURE:
Stage One: Missed Payments
In most states, a homeowner must fall 90 days behind on their mortgage before the mortgage lender can
legally initiate the foreclosure process.

So if you have missed fewer than three payments, you’re not actually in foreclosure. However, this phase is
very important, because (a) you have to go through it before the foreclosure process can start, and (b) this
is the phase in which you as a homeowner have the most options at your disposal.

If you are in the missed payment stage, this is the best time to rework your finances, to call your lender to
work out a compromise, and to put your home on the market for a fast sale.

Check out 7 Steps to Avoid Foreclosure for specifics on what to do in the missed payments phase.
==============

Stage Two: Pre-Foreclosure
Once a homeowner’s mortgage payments have not been made for at least 90 days, the lender records a
public notice that the owner has defaulted on their  mortgage,  and then mails the notice to the homeowner.

In some states this notice is called a Notice of Default (NOD); in others, it is a Lis Pendens.
Depending on the law in your state, the lender might be required to post the notice on your front door.

This pre-foreclosure stage is really a grace period; it gives a homeowner three
calendar months to “cure” your default.
What’s the cure?
You can either work out an arrangement with the lender, sell the place or come up with the cash you owe.
=============

Stage Three: Auction
If the default is not cured within three months after the Notice of Default is issued, the lender or their
representative (the foreclosure trustee) sets a date for the home to be sold at an auction called a Trustee
Sale.
The Notice of Trustee Sale is recorded with the County Recorder’s Office, delivered to the homeowner,
posted on the door of the property and published in a local newspaper -- to make sure everyone knows
when and where the auction will be.

This auction is either held on the steps of the county courthouse or in the trustee’s office. In many states,
the homeowner has the “right to redemption” (he can come up with the outstanding cash and stop the
foreclosure process) up to the moment the home is sold at the auction.

At the auction, the home is sold to the highest bidder. The big catch is that these auctions require cash
payment in most states; few third-party buyers can afford to bring enough cash to the courthouse to pay in
full.
As a result, many lenders either simply ink an agreement with the homeowner to take the property back
(called a deed-in-lieu of foreclosure --
=============

Stage Four: Post-Foreclosure
If a third party has not purchased the property at the foreclosure auction, the lender takes ownership of it.
Then, the property becomes what is called a bank-owned property, also known as REO, short for Real Estate
Owned (by lender).

REOs are sold in one of two ways. Most often, they are listed with a local real estate
agent for sale on the open market; they are usually put on the multiple listing  service  (MLS) so that local
buyers’ agents can show and sell the property to a qualified buyer for a commission.

Some lenders prefer to sell their REO properties at an REO liquidation auction, often held in auction houses,
at convention centers or at the property.