According to RealtyTrac, foreclosures are up 100.1% over the period of July to September of last year. So what does this mean to you? You may find yourself in one of several positions:
1. You own your home, have a great mortgage, with no desire to move. You are safe - Congratulations!
2. You may be one of the many people who are struggling to keep their home. You may owe more than your home is worth, due to the decline in the market, and if so, you still have options, but you may not like them. Some people are being forced to move in the most extreme situations, but there are also companies that will help you get back on track by making you loans against your equity, or helping you negotiate a workout with your current lender. If this is you, time is critical and you need to act now. Don't ignore the problem it wont go away on it's own. If you want to speak with a foreclosure consultant, visit this page and fill out the form: http://www.atozlender.com/stop-foreclosure.cfm.
3. Maybe you are looking to buy a home. This may be a good time to pick up a deal. My advice is don't pay full price, as the market certainly isn't headed up anytime soon. If you need to find a qualified real estate agent to help you, visit our real estate center. You can also check out our foreclosure real estate division to find out how to purchase deeply discounted bank owned properties.
4. Perhaps you are a real estate investor. If you are a veteran investor, then you are enjoying the market. If you want to connect with us to help our clients seeking buyouts, then contact us.
5. Perhaps you are a real estate agent struggling to keep your business afloat. We have several people contacting us DAILY for assistance with buying and selling homes. Contact us to join our real estate agent network, so we can help you learn how to make the best of this market.
6. Maybe you can't find financing due to the demise of so many mortgage lenders. With over a decade of experience, we have lots of connections and offer a wide range of mortgage lending products. If you are struggling with your credit scores being low, this book may be of assistance to you. The Bankruptcy Mortgage Book was written to help people that have had a bankruptcy or other credit challenge. Whether you have had a bankruptcy or not, you can benefit from the advice in this book and use it to improve your credit scores and increase your changes of getting your loan approved.
I know that was long, but I am sure you found yourself in one of those categories. If I missed someone, please contact me and let me know how I can help you.
Until next time...
Anthony
Showing posts with label mortgage delinquency. Show all posts
Showing posts with label mortgage delinquency. Show all posts
Thursday, November 01, 2007
Tuesday, April 03, 2007
Mortgage industry changes as Mortgage Companies continue to fall
It's been a while since I have posted anything here. I almost gave up the idea of blogging just because it takes so much time to keep up with it, but I figured I would rather give something rather than nothing.
Lot's of change has taken place over the past several months in the industry and even with Consumers Advantage Mortgage. We are in the process of partnering with another firm to best serve our clients as the industry has really taken a downward turn. We are also launching our real estate division, and in particular seeking to serve those that are facing foreclosure as so many are.
Mortgage delinquencies and defaults are at a high which has lead to the demise of several mortgage companies. Most recently, New Century Mortgage filed for bankruptcy and they were certainly not the first mortgage company to go down this road. They actually owe us some money and I am not sure if we will ever see it, but more than that, they were one of our premiere providers (on top of being one of the top sub prime lenders in the industry). I won't bore you with the list of companies that have fallen or have cost us thousands of dollars, but I will say this - the industry is changing, and even seemingly strong companies aren't surviving. In this regard, being a smaller company is a benefit because we can change with the market a lot more rapidly than a major corporation.
It is now harder to get a mortgage for those that have had credit challenges. This is due to many sub prime lenders closing their door and/or filing for bankruptcy and the remaining companies offering few options for those that have had credit challenges. It is now more important than ever to know what underwriters are looking for, and one way to do this is to buy my book, "How to get a home mortgage after a bankruptcy or other financial mishap". It is the same book that was originally titled, "The Bankruptcy Mortgage Book", but I decided to change the title to make the message more clear. Visit www.thebankruptcymortgagebook.com to get an electronic or print copy. This isn't just a shameless plug for my book, but rather it's why I wrote the book - to help people that have had credit challenges get approved in a shorter amount of time, while getting the best rate and fees.
If you are looking to sell your home, you may find that there are fewer qualified borrowers now in the market because of the tightened lending requirements. If you are looking to buy a home, now is an even better time to buy a home because there are so many more of them sitting on the market. Even if you have poor credit, there are options for you including the "lease-purchase" (a.k.a. lease-option" which I will write about next.
On closing, if you or some you know is facing a foreclosure or having trouble paying your mortgage, please have them contact me: www.atozlender.com/real-estate-services.cfm
Make it a great day!
Anthony
Consumers Advantage Mortgage
Lot's of change has taken place over the past several months in the industry and even with Consumers Advantage Mortgage. We are in the process of partnering with another firm to best serve our clients as the industry has really taken a downward turn. We are also launching our real estate division, and in particular seeking to serve those that are facing foreclosure as so many are.
Mortgage delinquencies and defaults are at a high which has lead to the demise of several mortgage companies. Most recently, New Century Mortgage filed for bankruptcy and they were certainly not the first mortgage company to go down this road. They actually owe us some money and I am not sure if we will ever see it, but more than that, they were one of our premiere providers (on top of being one of the top sub prime lenders in the industry). I won't bore you with the list of companies that have fallen or have cost us thousands of dollars, but I will say this - the industry is changing, and even seemingly strong companies aren't surviving. In this regard, being a smaller company is a benefit because we can change with the market a lot more rapidly than a major corporation.
It is now harder to get a mortgage for those that have had credit challenges. This is due to many sub prime lenders closing their door and/or filing for bankruptcy and the remaining companies offering few options for those that have had credit challenges. It is now more important than ever to know what underwriters are looking for, and one way to do this is to buy my book, "How to get a home mortgage after a bankruptcy or other financial mishap". It is the same book that was originally titled, "The Bankruptcy Mortgage Book", but I decided to change the title to make the message more clear. Visit www.thebankruptcymortgagebook.com to get an electronic or print copy. This isn't just a shameless plug for my book, but rather it's why I wrote the book - to help people that have had credit challenges get approved in a shorter amount of time, while getting the best rate and fees.
If you are looking to sell your home, you may find that there are fewer qualified borrowers now in the market because of the tightened lending requirements. If you are looking to buy a home, now is an even better time to buy a home because there are so many more of them sitting on the market. Even if you have poor credit, there are options for you including the "lease-purchase" (a.k.a. lease-option" which I will write about next.
On closing, if you or some you know is facing a foreclosure or having trouble paying your mortgage, please have them contact me: www.atozlender.com/real-estate-services.cfm
Make it a great day!
Anthony
Consumers Advantage Mortgage
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