Short Sale Foreclosure Expert Houston

More NEW Homeowners are Becoming Delinquent

2010-11-11T11:21:00.000-06:00

Has the real estate market hit bottom? Unfortunately, the answer is no … not yet. Experts think we are actually few years away from a recovery.

Helping homeowners avoid foreclosure, especially through short sales, is a relevant way for real estate agents to assist in community stabilization, and helped families find greater financial stability.

Real Estate agents will continue to lead the housing industry out of the current crisis. ..And it is happening one homeowner at a time.

Work with a CDPE Certified agent

What Foreclosure Freezes Mean for Distressed Homeowners

2010-10-11T08:17:00.000-05:00

Not every distressed homeowner may qualify for a short sale. But in this economy, a CDPE Certified Real Estate agent has the opportunity to find solutions for homeowners in need, even if it does not result in a sale. This responsibility can also work to try to help stabilize community values can also help to salvage financial futures for those facing true hardships.

Call a Certified CDPE agent today if you are facing financial distress.

Ten Worst Places to Live

2010-08-23T12:03:00.001-05:00

Ten Worst Places to Live: according to FOXBusinessNews"Times are tough right now: the housing market is still weak, unemployment remains high and the stock market is stuck in neutral.
But things could be worse if you live in one of these 10 cities, which face the HIGHEST UNEMPLOYMENT in the country, CORRUPT CITY OFFICIALS and SKY-HIGH FORECLOSURE rates.

WalletPop’s list of the 10 worst cities to live."

1. El Centro, California
One in four people here are out of work and the city holds the not-so-distinguished honor of having the highest unemployment rate.

1A. Yuma, Arizona (close behind El Centro, CA)
...has a jobless rate triple the national average of 9.5%.

2. Cleveland, Ohio
...factoring in its high unemployment (9.1%), high taxes, lousy weather, and political corruption.

3. Detroit, Michigan
America's most dangerous city with...violent crimes...it's heavy reliance on the stumbling auto industry, high foreclosure (13.7%) and unemployment rates.

4. Las Vegas, Nevada
One of the hardest hit cities when the housing bubble burst with the highest foreclosure rate in the country in 2009.

5. Oklahoma City, Oklahoma
The unhealthiest city of the country, including obesity, death rate from cardiovascular disease.

6. Los Angeles, California
If you don't care about breathing, (holding the worst ozone pollution in the country) LA is a great place.

7. Phoenix, Arizona
Beyond the controversial immigration measure, AZ's housing market still remains a mess. It ranks among the top 10 worst metro markets regarding foreclosures. AZ also holds the title for the worst year-round particle pollution in the country.

8. Newark, New Jersey
Newark has been likened to Detroit but with it's own political and social dysfunction. More then 1/4 population lives below the poverty line and it has the most Superfund toxic-waste sites in the nation. Though crimes has been reduced, it still remains a major issue.

9. Miami, Florida
Listed (right behind Detroit) as being the worst place to raise a family which likely means making it a terrible place to live. Crime, safety, education, economics, housing, cultural attractions and health contribute to making Miami make the cut in the "worst places to live")

10. Memphis, Tennessee
One of the worst violent crime rates in the country and ranked third (by Forbes) as miserable cities for corrution by city officials.

For more detailed information: http://www.walletpop.com/blog/2010/08/05/10-worst-places-to-live/

Foreclosure Avoidance Option -10

2010-08-20T08:37:00.001-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #10: SHORT SALE

If a homeowner owes more on their property than it is currently worth, then they can hire a qualified CDPE Real Estate Agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

This represents only one of the solutions available to homeowners facing foreclosure and the conclusion of Foreclosure Avoidance Options.
Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure and Unemployment stats-

2010-08-19T12:16:00.000-05:00

Did you know?

◦1 in 7 mortgages are not being paid

◦25% of all U.S. properties are underwater

◦Currently unemployment stands at 9.9%

◦Shorts Sales are the leading distressed property transaction in the industry today

Foreclosure Avoidance Option -9

2010-08-19T08:34:00.001-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #9: SELL THE PROPERTY

Homeowners with sufficient equity can list their property with a qualified CDPE agent that understands the foreclosure process in their area.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Option -8

2010-08-18T08:31:00.001-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #8: Service Members Civil Relief Act (military personnel only)

If a member of the military is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Option -7

2010-08-17T08:27:00.002-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #7: REFINANCE

If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Option -6

2010-08-16T09:18:00.001-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #6: BANKRUPTCY

Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Option -5

2010-08-15T09:15:00.001-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #5: DEED IN LIEU OF FORECLOSURE

Also known as a 'friendly foreclosure,' a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Option- 4

2010-08-14T09:11:00.002-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #4: RENT THE PROPERTY

A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, can convert their property to a rental and use the rental income to pay the mortgage.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Option- 3

2010-08-13T09:06:00.002-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #3: MORTGAGE MODIFCATION

A mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Options-2

2010-08-12T08:30:00.002-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option #2: FORBEARANCE OR REPAYMENT PLAN

A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidential evaluation of your individual situation, property value, and possible options, call me.

Foreclosure Avoidance Options

2010-08-11T15:00:00.000-05:00

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:

Option 1: REINSTATEMENT

A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.

If you would like an all inclusive list immediately, please call or email me-No obligation

I am a Designated CDPE:
for a private evaluation of your individual situation, property value, and possible options, call me.

Understanding your options now could mean all the difference in the world.

A CDPE can help.

Does foreclosures hurt everyone's home values?

2010-08-09T15:30:00.000-05:00

How foreclosures hurt everyone's home values

What is the price tag on Foreclosures, specifically how much does a Foreclosure dent a home's value. What is the price of Foreclosure for houses around them-see how Foreclosures may affect you.

FHA Launches Short Refi Opportunity

2010-08-09T10:15:00.000-05:00

FHA Launches Short Refi Opportunity for Underwater Homeowners

RISMEDIA, August 9, 2010--In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development provided details on the adjustment to its refinance program will enable lenders to provide additional refinancing options to homeowners who owe more than their home is worth. Starting September 7, 2010, the Federal Housing Administration (FHA) will offer certain ‘underwater’ non-FHA borrowers who are current on their existing mortgage and whose lenders agree to write off at least ten percent of the unpaid principal balance of the first mortgage, the opportunity to qualify for a new FHA-insured mortgage.

The FHA Short Refinance option is targeted to help people who owe more on their mortgage than their home is worth – or ‘underwater’ – because their local markets saw large declines in home values.
“We’re throwing a life line out to those families who are current on their mortgage and are experiencing financial hardships because property values in their community have declined,” said FHA Commissioner David H. Stevens.

for additional information visit:
http://rismedia.com/lowes/8355/9639

Lenders appear more willing to consider Short Sale

2010-08-03T09:53:00.001-05:00

Due to the recent economic climate, lenders now appear more willing to consider Shrot Sales over Foreclosures than they were just a few years ago. While Short Sales have the potential to be more favorable than a Foreclosure for both the seller and the bank, Short Sale transactions are complex and present their own set of challenges on both sides of the transaction.

from: Shawn Dauphine-Houston Realtor Magazine

Make sure you are working with a Certified CDPE which can potentially lead to less complications, a shorter time period, understanding the additional paperwork needed and less delays.

How Does HAFA Compare to Traditional Short Sale?

2010-08-02T09:13:00.001-05:00

HAFA Compared to Traditional Short Sale:

TIMELINE FOR DECISIONS:
     Traditional Short Sale: when you receive a valid offer
     HAFA: PRIOR to marketing the property/also available upon receipt of a offer

DEFICIENCY PURSUED:
     Traditional Short Sale: investor retains the right
     HAFA: No

CASH/PROMISSORY NOTE:
     Traditional Short Sale: investors may require

     HAFA: No

RELOCATION ASSISTANCE:
     Traditional Short Sale: None
     HAFA: $3000

For a FULL list of the breakdown of the differences between HAFA and Traditional Short Sale, call or email me with your request.

I am a Certified CDPE-(Certified Distressed Property Expert)-Call me for a private consultation.

Do YOU Qualify for HAFA?

2010-07-30T09:10:00.001-05:00

Are you eligible for HAFA program?

Below are some of the criteria for HAFA:

1. a customer has exhausted all modification options
2. the property is the customer's principal residence
3. the first lien mortgage originated on or before 1/1/2009

...for more criteria on HAFA..call me for a private consultation.

I am a Certified CDPE-(Certified Distressed Property Expert)-Call me for a private consultation.

Additional BENEFITS of HAFA

2010-07-29T09:59:00.002-05:00

Additional benefits of HAFA include:

1. lender recommeded list price PRIOR to listing the home, and
2. waived deficiency-meaning the mortgage debt will be settled through the program and no legal action can be taken on/agaist the outstanding mortgage debt.

I am a Certified CDPE-(Certified Distressed Property Expert)-Call me for a private consultation.

What is HAFA?

2010-07-28T11:59:00.000-05:00

HAFA is Home Affordable Foreclosure Alternatives-a program designed for homeowners who:

1. are unable to afford their first mortage
2. want to avoid foreclosure and...
3. have exhausted all modification attempts and continuing to own their property is not an option

Homeowner must meet qualification requirements and...
...the HAFA process is used by their servicer, and...
...decision timeframes.

HAFA offers financial incentives who sucessfully complete a HAFA Short Sale or Deed-in-Lieu of Foreclosure

I am a Certified CDPE-(Certified Distressed Property Expert)-Call me for a private consultation.

Short Sale Myths

2010-07-26T12:29:00.000-05:00

Short Sale Myths

A number of myths about short sales have developed, and it is important to understand the reality of this process.

Myth #1 – The Bank Would Rather Foreclose than Bother with a Short Sale

This is one of the most common misconceptions. The reality is that banks do not want to foreclose on your property because the foreclosure process is incredibly costly. Overwhelmingly, banks receive more on their investment through a short sale than a foreclosure.

Myth #2 – You Must Be Behind on Your Mortgage to Negotiate a Short Sale

While this may have previously been the case, today lenders are looking for verifiable hardship, monthly cash flow shortfall, or pending shortfall and insolvency.

If you meet these three requirements and believe that you soon may be unable to afford your mortgage, act immediately. Any delay could limit your options. Do not wait until the countdown clock to foreclosure has started and you have even less time left.

Myth #3 – There is Not Enough Time to Negotiate a Short Sale Before My Foreclosure

This is a myth that probably hurts homeowners the most. Many do not realize that foreclosure is a process, and that there is time to make decisions that may result in better outcomes.

Myth #4 – Listing My Home as a Short Sale is an Embarrassment

It is understandable to have reservations about letting the world know that you owe more on your home than it is worth. However, according to recent estimates, more than one out of eight homeowners in the U.S. is in the same situation. You are to be congratulated for admitting you need help, taking action, and finding a professional who can work with you toward a solution.

Myth #5 – Short Sales are Impossible and Never Get Approved

This is a complete falsehood. Are short sales more difficult to execute? Yes.
Are they impossible? Absolutely not.

Agents with the Certified Distressed Property Expert® (CDPE) Designation receive thousands of short sale approvals on a monthly basis. These professionals have undergone extensive training in methods to help homeowners in distress and process short sales. While there are no guarantees in any transaction, more and more short sales are being approved regularly. This is far from an impossible process.

Myth #6 – Banks are Waiting on a Bailout and Not Accepting Short Sales

You may have heard this, but the reality is that banks are trying to do anything they can, within reason, to avoid foreclosing on properties.
Today, more banks are aggressively pursuing short sales and working with agents who understand how to process them.
Myth #7 – Buyers are Not Interested in Short Sale Properties

This is a myth that potential sellers hear all the time. This is just not true. In fact, many agents are getting calls from buyers who say they only want to look at foreclosure and short sales.

Agents with the CDPE Designation have been trained in all aspects of the short sale process, and know how to deal with the parties involved in foreclosures.
Contact me for a PRIVATE CONSULTATION TO SEE IF YOU QUALIFY FOR A SHORT SALE.

Certified Distressed Property Expert-Short Sale NOT Foreclosure

2010-07-23T13:25:00.000-05:00

What is a CDPE?

A Certified Distressed Property Expert® is a real estate professional with specific understanding of the complex issues confronting the real estate industry, and the foreclosure avoidance options available to homeowners. Through comprehensive training and experience, CDPEs are able to provide solutions for homeowners facing hardships in today’s market, specifically short sales.

The prospect of foreclosure can be financially and emotionally devastating, and often homeowners proceed without guidance of any kind. The developers of the CDPE Designation believe that the best course of action for a homeowner in distress is to speak with a well-informed, licensed real estate professional. They have the tools needed to help homeowners find the best solution for their situation. Often, when other options have been exhausted, CDPEs can help homeowners avoid foreclosure through the efficient execution of a short sale.

While enduring financial difficulties is challenging for any family, the process of finding a qualified real estate professional should not be. Selecting an agent with the CDPE Designation ensures you are dealing with a professional trained to address your specific needs. For more information, contact a CDPE in your area.

CDPEs don’t merely assist in selling properties, they serve and help save their clients in need.

Fox Strategy Room -Short Sale-Distressed Property

2010-07-22T16:28:00.000-05:00

What In the World Is HAFA?

2010-07-22T14:27:00.000-05:00

For a private consultation call or email me today

Indymac Boys Get Sweetheart Deal

2010-07-22T13:14:00.000-05:00

Are You Facing Foreclosure-Are You In a Distressed Situation?

2010-07-22T12:20:00.001-05:00

If you are Facing Possible Foreclosure-You Have Options!!

Homeowners need these solutions, and today more than ever, they need educated real estate agents to help them learn about their options.

Talk to a Certified CDPE Realtor Only-Contact me for a private consultation.

The Foreclosure Rescue Scam: Watch Out!

2010-07-21T17:06:00.000-05:00

"The Foreclosure Rescue Scam" Be on the lookout!

The Scam: “Rescuers” promise cash-strapped home owners that they can save their home from foreclosure. The rescue, which involves paying upfront fees, can take multiple forms, such as the perpetrator obtaining a new loan on behalf of the owner or by having the owner sign over the home’s deed and then rent the home until they can repurchase it. Eventually, the home owner loses the home, either to foreclosure or the fictitious rescue company.

Red Flags: With foreclosure rescue programs, borrowers are often advised to sign over the title of their house to a third party, become renters of their home, not contact their lender, or send mortgage payments to a third party, according to Fannie Mae, which provides fact sheets on mortgage fraud."

Taken from Realtor Mag
by Melissa Dittmann

Are you or someone you know facing the possibility of Foreclosure?-

2010-07-14T14:06:00.000-05:00

You are not alone-today nearly 1 of every 6 homeowners in America is behind on their mortgage payment.

It's important you act now and identify your options. Foreclosure CAN be avoided, your credit score CAN be saved, and your financial futures CAN be salvaged.

You have questions, plenty of them. Take a moment to browse my blog-it's quick and easy to read. I've created this blog to help you understand there ARE solutions to foreclosure. Then call me and let's sit down and explore your options, I'm here to help.

As a Realtor, I've seen folks in distressed situations and I wanted to help so with the CDPE® Designation, I have a strong and unique appreciation of the factors affecting the market, and know that there are options available to you.

If you would like to know more about those options, please call me at 281-460-5994.

I am here to help … Ann Marie

Priced Below Market Value-Short Sale

2010-07-13T15:16:00.000-05:00

Home available for sale pending Short Sale approval.

14506 Lilly Hollow in Stillwater Village

Facing Short Sale or Foreclosure? Make sure you are working with a CDPE

2010-07-13T14:04:00.000-05:00

Are you in danger of Foreclosure? Are you facing financial hardship or a distressed situation?
As a CDPE© -Certified Distressed Property Expert©- I am a trained Short Sale Specialist and help homeowners who are in danger of losing their home to foreclosure.

Homeowners have options that most are not aware of and I can help them get out of their situation. It is extremely important to act AS SOON AS POSSIBLE. Please call me to arrance for a free consultation. My direct number is 281-460-5994

Are There Any Liens on Your Home?

2010-07-12T13:07:00.000-05:00

If you have any liens, fines, code violations or other clouds on your homes title, you need to see if they can be removed or negotiated immediately. In many cases if you don't address these liens immediately, the short sale will fall apart even before it has started.

Any liens found on your title you should immediately call the person or company with the lien to see if they will negotiate a reduction with you.

There is a good chance that you can negotiate these so that the lien holders get something rather than nothing. If you do negotiate a reduction in lien- GET A LETTER FROM THE LIEN HOLDER FOR THE AMOUNT THEY ARE WILLING TO ACCEPT, you will need to give this to your CDPE Realtor.

A tactic you might want to use with a lien holder is to sign a note for a portion of the lien so that it can be removed from the property and placed on you personally.

In all cases with a short sale you need to do whatever possible to reduce all liens prior to submitting a offer packet to the lender.

Your Current Financial Troubles

2010-07-12T11:00:00.000-05:00

"While it may not seem like it now, there will come a time where your current financial troubles will pass. You will feel much better knowing that you did everything you could to avoid this devastating financial consequence so may people face today."

Why work with a Certified Distressed Property Expert (CDPE)

2010-07-09T11:00:00.000-05:00

"As your CDPE agent, I will explore every option with you and work towards a resolution"

Reasons To Avoid Foreclosure

2010-07-08T16:49:00.000-05:00

Reasons why should you AVOID Foreclosure

1. You will ALWAYS have to disclose you have had a foreclousre on any mortgage application and many job applications. This may adversely affect your furture mortage rates.

2. Credit scores will be lowered by 300+ points and foreclosure is the most devastating credit issue you can have in relation to future credit availability.

3. A Foreclosure is the one credit report item that is almost impossible to have "repaired".

4. Your lender can seek a deficiency judgment against you and collect for any amount they do not recuperate at the bank sale.

5. Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire in jeopardy.

6. Many current employers run credit checks and a foreclosure can put a current position in jeopardy.

7. Security clearances and government positions including but not limited to military and law enforcement can be jeopardized by a foreclosure.

8. You may be responsible for any deficiencies after foreclosure for an indeterminate period of time depending on the state you live in. This can lead you to never ending collections

Talk to a CDPE agent and they will explore every option with you and work toward a resolution if possible.

Personal Bankruptcy a Controversial Means to Stay Afloat

2010-07-07T10:26:00.000-05:00

Is personal bankruptcy an option?

Cash-strapped, jobless and denied a loan modification, Del Phillips faced the same straits as millions of homeowners who risk losing their homes to mortgage lenders.

Read more...http://rismedia.com/lowes/8355/9151

By Mary Ellen Podmolik

Facing Financial Distress-You Have Options to Foreclosure

2010-07-02T13:32:00.000-05:00

Are you facing financial distress and think your only option is walking away from your home? STOP, you may have options.

Often times a homeowner is in such deep despair from misinformation they have been given or what they incorrectly believe about their situation, they feel their only "out" is turning in the house keys to the mortgage company and walking away.

Call me-a Certified CDPE Realtor and along with information I can provide and analysis of your situatioon, there might be a potential way of staying out of Foreclosure.

YOU must first make the commitment to working with your CDPE, getting actively involved, to help resolve your situation.

Embrace Life - always wear your seat belt

2010-06-08T13:46:00.000-05:00

Are you Facing Possible Foreclosure?

2010-05-12T11:00:00.000-05:00

Working with a CDPE Real Estate Professional:

Are you facing possible Foreclosure?
     If you have a real Expectation of the market both with value and timing
     If you are highly Motivated to get out of your present situation
     If you are willling to Cooperate with your CDPE Realtor to "help them help you"
     If you are willing to Communicate and be open, honest and upfront with your CDPE Realtor

...then you have the mindset and determination needed to get help from someone willing to help you stay out of possible Foreclosure.

Short Sale as an OPTION- Short Sale is NOT about being upside down and wanting out.

2010-05-11T16:06:00.000-05:00

Many people think short sales can be used as an alternative for homeowners who find themselves in trouble with their mortgage payments, but it is ONLY AN OPTION for sellers who are either in a foreclosure already, or are headed toward one. It is important to understand it is NOT about being upside down with your mortgage and facing hardships- it is about the homeowners who ARE in trouble.

The Biggest Advantage to Short Sale

2010-05-11T13:04:00.000-05:00

The biggest advantage to offering a short sale is that it helps the distressed homeowner avoid a foreclosure, which is crucial since foreclosures are one credit item that are almost impossible to repair. Foreclosures stay on your history forever and affect your credit score as well as your present employment and the hiring process for a new job.

Distressed Properties continue to dominate the Real Estate Market

2010-05-11T10:04:00.000-05:00

As distressed properties continue to dominate the real estate landscape, short sales are a last hope for people looking to avoid foreclosure. The market that we are experiencing today is full of homeowners who are truly hurting and they don’t know where to start or who to turn to. Short sales are a good alternative for sellers who are either in a foreclosure already, or are headed toward one.

Ann Marie Gargano-Parks EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

2010-03-21T20:14:00.000-05:00

Saturday, March 20, 2010

Ann Marie Gargano-Parks EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

PRESS RELEASE
FOR RELEASE: IMMEDIATE

DATE: March 16, 2010

Ann Marie Gargano-Parks EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE
Ann Marie Gargano-Parks of RE/MAX Lakeland in Cypress has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Gargano-Parks. “It is so rewarding to be able to help sellers save their homes from foreclosure.”

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Ann Marie with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.

The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.

“Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.

To get in touch with Ann Marie Gargano-Parks you can reach her directly at 281-460-5994

Texas Foreclosure Law Summary-Quick Facts

2010-03-20T18:33:00.000-05:00

Here's a summary of Texas Foreclosure Law-

Judicial Foreclosure Available: Yes
Non-Judicial Foreclosure Available: Yes
Primary Security Instruments: Deed of Trust, Mortgage
Timeline: Typically 60 days
Right of Redemption: No
Deficiency Judgments Allowed: Yes

For More Information about TEXAS Foreclosure Law or any other state, contact me at 281-460-5994

In Texas, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process.

Ann Marie Gargano-Parks EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

2010-03-20T14:13:00.000-05:00

PRESS RELEASE
FOR RELEASE: IMMEDIATE

DATE: March 16, 2010
Ann Marie Gargano-Parks EARNS PRESTIGIOUS DESIGNATION TO HELP HOMEOWNERS IN DANGER OF FORECLOSURE

Ann Marie Gargano-Parks of RE/MAX Lakeland in Cypress has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.
“This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales,” said Gargano-Parks. “It is so rewarding to be able to help sellers save their homes from foreclosure.”

Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Fla., said that Realtors® such as Ann Marie with the CDPE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating. These experts also may better understand market conditions and can help sellers through the emotional experience, he said.
The CDPE is the premier designation for Realtors helping homeowners in distress and handling short sales.
“Our goal is to educate as many people as possible so we can help as many homeowners as possible,” Charfen said.

To get in touch with Ann Marie Gargano-Parks you can reach her directly at 281-460-5994

Causes of DISTRESS that could lead to SHORT SALE or FORECLOSURE

2010-02-03T11:43:00.000-06:00

What are some of the "recognized" causes of DISTRESS?
1. Increase in mortgage payment
2. Loss of job or business
3. Damage to the property
4. Death of a spouse or wage earner
5. To much debt
6. Severe illness
7. Inheritance
8. Divorce
9. Relocation
10. Military Service
11. Insurance or Tax increase
12. Incarceration

Distressed Property Defined

2010-02-02T13:43:00.000-06:00

What is a "distressed" property?
The definition of a distressed property is:

1. Property that is in poor physical condition
2. Property that is or will soon be in some stage of the foreclosure process
3. Property that has an owner who is experiencing a period of financial instability
4. Property on which the mortgage obligation exceeds its current value, causing it's owner to sell.