The latest Move.Inc Homeowners survey has brought out many interesting facts to the fore. According to this random online survey, the present state of US economy has forced some homeowners to make serious sacrifices or changes to their lifestyle, since they wait for conditions to improve optimistically. Over two thirds of people surveyed – 69.1% [...]
The federal government has come up with one more program, in the series following Home Affordable Modification Program (HAMP) to alleviate the grievances of those – who have experienced a job loss; are behind on mortgage payments or soon will be. This is a supplemental program to HAMP took effect from April 5, 2010, which [...]
A recent report issued by New York-based Fitch Ratings, a credit-rating agency, shows that the majority of homeowners that have gone through the loan modification process using the modification program offered by the Obama administration will end up going back into default within 1 year. According to the report, up to 75 percent of loan [...]
Foreclosure crisis; economic down-turn; uncertainty of the market trend; and financial crunch – all these are the minus points of housing markets in US today. Yet the latest Survey conducted by Move Inc. among prospective American home buyers, shows that interest in real estate as an investment has more than tripled in the last year. [...]
Are the Realtors in the reportedly “sluggish” US housing markets will lose interest and look elsewhere? No way – according to the 2010 National Association of Realtors Member Profile, three quarters of Realtors are very certain that they will remain active in the market for two more years. Only 8 percent of them were uncertain [...]
NATIONWIDE Negative Equity induces a new Negative Trend The foreclosure crisis has culminated into many social problems, including dishonesty and throwing ethical standards to the winds. Instances of many underwater borrower-house owners just leaving the lending bank in the lurch, by simply stopping payment and dare their lenders to do what they can – [...]
The foreclosure crisis has culminated into many social problems, including dishonesty and throwing ethical standards to the winds. Instances of many underwater borrower-house owners just leaving the lending bank in the lurch, by simply stopping payment and dare their lenders to do what they can – have come to light. The latest news story pertains [...]
US Real Estate market experts are expressing their opinion, under various market conditions and developments, arising out of the foreclosure crisis. But what actually counts are the sentiments prevailing in the minds of people buying and selling foreclosed homes, to cause a flutter in the housing markets. The recent survey conducted by Realtytrac and Trulia.com [...]
NATIONWIDE HAMP suffers stiff resistance from US Banks When the Home Affordable Mortgage Program was announced last year and after studying the features of the foreclosure mitigation plans of the Obama administration, experts voiced their concern that the program would at best slow down the foreclosure activity and would not bring forth avoidance of [...]
U.S. real estate has experienced that Spring is the peak season for home buying for the last several years. But what is the position now with the foreclosure fiasco plaguing the country and making the housing market sluggish as never before? The updates we are getting as of now are encouraging of course. The National [...]
I had two properties with no renters, and both were “under water”. I had resolved myself to letting them go into foreclosure. This would have crushed my credit and I was unsettled about it to say the least.
I had a credit score of 770 and was in danger of loosing the good credit my wife and I had worked so hard to get. I decided to give Eureka a try and I am very glad I did. I just closed one loan and the other is in the process of negotiations and should close very soon.
As soon as I had this service on my side, I was able to point the creditors to them for any questions. Once the creditors had this information on file, their calls slowed to a crawl, almost overnight. I have not heard from any of the creditors from either property for a long time. I felt like I finally had someone on my side. For the first time in months, I was able to sleep without worrying about what the future held in store.
If you are in a situation where you need to sell your property and get out from under that debt, Eureka is your answer. I do not need to wish you “good luck” as Eureka will do everything they can to make your problems a thing of the past. The sooner you act, the better things will be. Give them all the information they ask for and let them take over. You’ll be glad you did.
Alan Moses
Germantown, MD
