Avoiding Foreclosure

Foreclosure occurs when you fall behind on your mortgage payments. Basically, it means that your lender has the right to take your home. Sometimes, certain circumstances occur that can make it difficult – or impossible – to make mortgage payments. There are alternatives to this so that you can keep your home and avoid foreclosure.

First Time Home Buyers

You have been renting up until now and you are finally making the decision to purchase a home. Congratulations – this will be one of the smartest moves you have ever made. It may seem a little scary, because it is a bold decision, and with every bold, big decision, risks are involved. The best things in life come with risks, so stop being scared and nervous, and get ready to be excited!

Flipping Real Estate

Perhaps you an interest, or are already involved in flipping real estate.  Regardless of your experience level, consulting with a Real Estate Lawyer  will save you from potential setbacks.

FHA Loans

An FHA loan is a home loan that was established by the government in 1934. It is a great option for first time home buyers or those who do not have much to put down on a home, as an FHA loan can allow you to purchase the home with as little as 3% down, or even no money down in some cases.

Applying For Mortgages

So, you’ve made the smart decision of purchasing a home or commercial property. Whether you plan on applying online, over the phone, or just meeting with the lender in the person, it is always good to know what to expect during the process so that you are better prepared.

Real estate Agent and Broker Roles

Are you involved in a real estate transaction and would like to fully understand the Real Estate Agent ans Broker roles?  Frequently, the first person you typically consult with about buying a home is a real estate agent or broker.  Although a real estate broker may provide helpful advice on many aspects of home buying, they may not represent or serve the best interest of the buyer.

Understanding Real Estate Statement Procedures Act (RESPA) Law

 RESPA Law, what is that?  RESPA is the acronym for “ Real Estate Settlement Procedures Act”.  You are probably thinking , I have heard that before, but how does it affect me?

The purpose of RESPA Law is to ensure enforcement of state and federal lending guidelines and curtail predatory lending practices.

Predatory Lending Practice

“We are facing, by all accounts, a tsunami of defaults and foreclosures” – Carolyn Maloney, New York Democratic Representative.

Do you feel that you have been taken advantage of by a mortgage lender involved in a predatory lending practice?  Have you been pressured into accepting mortgage terms, or for that matter, have you been cornered into applying for a mortgage against your best interest or wishes?

Buying and Selling Foreclosures

Some people think that will keep waiting on buying a home so that they can purchase a foreclosure. A foreclosure is a house that is being sold by the government or bank for a very cheap price because the owner could not afford their mortgage payments anymore. Waiting to find a good foreclosure is not always the best idea in the world.

Mortgage Fraud Lending

Are you concerned that you may have been a victim of mortgage fraud lending?

Mortgage fraud is defined as a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment.”

The FBI investigates mortgage fraud in two distinct areas: Fraud for Profit and Fraud for Housing. Fraud for Profit is sometimes referred to as “Industry Insider Fraud” and the motive is to revolve equity, falsely inflate the value of the of the property, or issue loans based on fictitious properties. Fraud for Housing represents illegal actions perpetrated solely by the borrower. The defrauding of mortgage lenders should not be compared to predatory lending practices which primarily affect borrowers.