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

IS A SHORT SALE FOR YOU?

If you are no longer able to make your home payments, and you owe more on your mortgage than your home is worth, you’re in good company. An estimated one-fourth of all U.S. homeowners are Upside Down on their mortgage—meaning they owe more on their home than they could get from selling it in today’s market. Often the best solution for homeowners in this situation is a short sale in which the bank agrees to accept less than is

owed on the mortgage. The bank doesn’t want to foreclose on your home and short sales are more common than ever before. The situation is complicated and the stakes are high. Never

has it been more important to have a local market advocate on your side.

Contact me today and let’s get started!

It's tough to watch the news these days.

For millions of homeowners, trying to balance their budgets while maintaining a mortgage that is more than the value of the home itself is becoming nearly impossible.

Add in the threat of scams, con artists and people who are willing to take advantage of vulnerable homeowners and the scale continues to tip the wrong way.

As a Certified Distressed Property Expert (CDPE) my first priority is to help distressed homeowners find a way to tip the scale back in their favor and bring some balance back to their lives.

If anyone you know may need my expertise, please have them visit my website www.Sheldahodges.com for a copy of my recent report entitled, "Is Your Mortgage Out of Balance with Your Budget?"

And then contact me for a confidential consultation.

Read the report. Visit my website and please feel free to pass one of my enclosed business cards to someone you know who could benefit from a confidential consultation.

Free help for avoiding foreclosure

For millions of homeowners, trying to balance a budget while maintaining a mortgage that is more than the value of a home is becoming nearly impossible.

Add the threat of scams, con-artists and people who are willing to take advantage of vulnerable homeowners and the scale continues to tip the wrong way.

As a Certified Distressed Property Expert (CDPE) my first priority is to help distressed homeowners find a way to tip the scale back in their favor and bring some balance back to their lives.

If you or someone you know has found themselves under the weight of an unmanageable mortgage, visit my website http://www.sheldahodges.com/ for a copy of the report entitled, "Is Your Mortgage Out of Balance with Your Budget?"

Then, contact me for a free, confidential consultation.

FHA Raises Insurance Premiums

According to dsnews.com The Federal Housing Administration (FHA) has seen its capital reserves quickly dissipate over the past few years amid a growing number of mortgage defaults and payouts on insurance claims. In an effort to bolster its capital cushion, the federal agency has announced a new premium structure for FHA-insured single-family mortgage loans.

FHA will increase its annual mortgage insurance premium (MIP) by 0.10 percent for loans under $625,500, effective for new loans insured by FHA beginning in April. The agency is increasing the annual MIP by 0.35 percent for loans above that amount, effective in June. Upfront premiums (UFMIP) will also increase by 0.75 percent, beginning April 1. Existing borrowers who are already part of an FHA insurance program will not be impacted by the pricing changes.

Read full article at:

http://www.dsnews.com/articles/fha-raises-insurance-premiums-2012-02-28

Step #5 of The 5 Steps to Listing a Successful Short Sale

Step 5: Short Sale Pricing Strategy

Pricing a short sale, including the subsequent pricing reductions, is the most important factor in getting a contract and having your short sale approved. The reality is, the short sale probably needs to be the lowest comparable property in the neighborhood in order for a buyer and buyer’s agent to cooperate. Additionally, in the case of a short sale, the buyer’s agent needs to be enticed to not only show the property, but to cooperate with the process.

There are several crucial factors you need to consider to price the property correctly, including:

Fair market value

Time left before foreclosure or pre-foreclosure

Days on Market

Property Condition

Amount Owed on the Property