West Palm Beach, FL

Majestic Mondays - "Mighty Oaks"

02-13-12

Steve Hoffacker - Sales Trainer, Author, Blogger, Photographer, Sales Strategies

view my blog
Office: (561) 685-5555

Mobile: (561) 685-5555

Steve Hoffacker's Majestic Mondays Photos

──

For more information on my coaching and educational programs and services, visit my website or go to my other blog "Steve Hoffacker's Home Sales Insights" for additional sales tips, insights, and commentary. Listen to my free podcast messages at "Steve Hoffacker's Happenings."

Steve Hoffacker - Sales Trainer, Author of Sales Books, Commercial Real Estate Broker, Marketing Consultant, Sales Coach, Blogger, Photographer, Motivator, Podcaster, and Teacher. - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.

Photography displayed is original composition and artistic expression of Steve Hoffacker, and as such is copyrighted.

1 Comment

If the market and your mortgage have tossed you a curve, you’re not alone.

02-13-12

SHELDA HODGES CIAS CDPE CFS CSP HRC ASD LDPD HAFA WEST PALM & SURROUNDING AREAS

view my blog
Office: (561) 244-0076

Mobile: (561) 308-4663

If the market and your mortgage have tossed you a curve, you’re not alone

Millions of homeowners are at a crossroads right now

In the midst of a massive economic downturn, the most significant financial asset that many Americans assumed they could always fall back on has turned into a financial liability for a large percentage of the population. Second quarter 2011 statistics from Corelogic show that 10.9 million, or 22.5 percent, of all residential properties with a mortgage were “underwater,” meaning they owed more on their mortgage than they could sell their home for today’s market. Add to that an unemployment rate that’s above 9 percent coupled, with widespread underemployment, and you have a situation where millions of homeowners are drowning in debt.

As a distress property specialist, my mission is to work closely with you, drawing upon all of my expertise and resources throughout our community to navigate the best possible solution for you and to help you make a fresh start on your life.

0 Comments

Additional Foreclosure Avoidance Options?

02-13-12

SHELDA HODGES CIAS CDPE CFS CSP HRC ASD LDPD HAFA WEST PALM & SURROUNDING AREAS

view my blog
Office: (561) 244-0076

Mobile: (561) 308-4663

Additional Foreclosure Avoidance Options?

Rent the Property. If your local market conditions will allow you to rent your home at or above the cost of your mortgage, renting the property and using the income to pay your mortgage could be an option.

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 contentious foreclosure process. Lender approval is required for this option, and the homeowner must vacate the property at a designated time.

Refinance. If you have sufficient equity in your property and your credit is in good standing, you may be able to refinance your mortgage at today’s historically low interest rates.

Service Members Civil Relief Act (military personnel only). If a member of the military is experiencing financial distress due to deployment, and that can show that their debt was entered

into prior to deployment, they may qualify for relief under the Service Members Civil Relief Act.

Sell the Property. Homeowners with sufficient equity can list their property with a qualified agent who understands the local foreclosure processes and is able to close a deal prior to bank foreclosing on the home.

0 Comments

What are Other Foreclosure Avoidance Options?

02-13-12

SHELDA HODGES CIAS CDPE CFS CSP HRC ASD LDPD HAFA WEST PALM & SURROUNDING AREAS

view my blog
Office: (561) 244-0076

Mobile: (561) 308-4663

What are Other Foreclosure Avoidance Options?

Foreclosure is one of the most devastating financial challenges that a family can face and many times, it can be avoided. A short sale is not the only alternative to foreclosure. Here are others:

Reinstatement. A reinstatement is the simplest alternative to a foreclosure—when it’s possible. Following a period of nonpayment, the homeowner simply pays the mortgage company the total amount due to date, and the mortgage is reinstated.

Forbearance. A forebearance is repayment plan that involves a negotiation with the mortgage company to make additional payments over a period of time in order to become current on the mortgage.

Mortgage Modification. 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. Be sure to never work with a mortgage modification company that requires an upfront fee. I can provide a list of HUD-approved counselors and mortgage modification resources.

0 Comments

Recognize the Red Flags!

02-12-12

SHELDA HODGES CIAS CDPE CFS CSP HRC ASD LDPD HAFA WEST PALM & SURROUNDING AREAS

view my blog
Office: (561) 244-0076

Mobile: (561) 308-4663

Recognize the Red Flags!

The foreclosure crisis has given rise to a new breed of scam artist romising relief from foreclosure with any number of too-good-to-be true Promises. Much of what scammers asking unknowing victims to pay for, HUDapproved counseling agencies provide for free. Go to:

http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm to learn more.

Here are some guidelines to avoid falling prey to scams that can send your level of financial distress to an entirely level. When you receive an offer to help modify your mortgage, understand that there are never any

guarantees and don’t ever:

·· Pay a fee

·· Sign a contract

·· Sign over title to your property

··Redirect mortgage payments

··Stop making loan payments

And beware of anyone who says that you don’t need a real estate Professional or title company when selling your home. To report a suspected scam, call 1-888-995-HOPE (4673) and for more information visit

www.loanscamalert.org or www.preventloanscams.org.

0 Comments