100% Financing is almost impossible to find , but
we have access to two 100% financing programs for owner
occupied.
The
first program is easy qualifying with a minimum credit score
of 620 or above and the program applies to re-sales, new
homes, bank owned, corporate owned, pre-foreclosure,
foreclosure, short sales and any other single family
attached and detached home up to $417,000. The seller
may pay up to 6% of the purchase price towards buyer's
closing cost and pre-paids. To check a particular
address location in area, please
contact us
or use the form on the bottom of the page
and we can interact via email.
The second 100% financing program
can help poor credit scenarios with counseling and
rebuilding credit and budget awareness, BUT this program is
also for the fully qualified. This program has a very
low interest rate, no down payment, no closing cost and
applies to any income level. The program is for any
home in Florida and could include Rehab cost with a maximum
loan amount of 223,000 for homes in the Hillsborough, Pasco
and Pinellas areas. Again the seller may pay closing
cost and pre-paids on behalf of the buyer. This
program requires that you work with a pre-approved Realtor
at time of purchase. Special clauses are required on
the contract.
Modification
or Short Sale
If you
are a potential Seller dealing with late payments and the
prospect of foreclosure, I want you to know you are not
alone. Thousands and thousands of Americans bought
into this financial failure, but there are solutions.
Your best alternative to avoid
foreclosure is a request to modify your mortgage or Short
Sale. Either option has time limits so it is very
important that you
contact us
as soon as possible.
A large myth is that if I agree to
sell my house as a Short Sale, the Lender will look to me
for the un-collected balance of the mortgage.
That is why working with an experience Short Sale Realtor is
so important. There are special clauses that can be
included in the contract and if your Lender agrees to the
sale, the Seller/Owner would be protected against any
further liability.
Another myth is that a Seller is not
qualified for a short sale unless they are late on their
payments. UNTRUE.
Without protection or advice and if
you are not making payments, the Lender will file a notice
of default and start foreclosure proceedings. If you
file Bankruptcy, you are not eligible to list your property
for Short Sale. Before speaking to a Bankruptcy
Attorney, we can give you insights about selling your home
through a Short Sale or let you know you can modify your
mortgage without incurring the cost of an attorney.
If
the only thing your not paying is your
mortgage payment,
IT IS NOT
worth filing bankruptcy.
11 Myth Reasons Not To Buy a Short
Sale
The banks are looking at thousands and thousands of their
clients in the same circumstances so they have organized
special departments within their organization to handle
defaulted loans. Their only goal is to minimize the
Bank's loss by asking you to do things like
DEED IN LIEU OF
FORECLOSURE which is a win win
for the Bank, but not for you. Don't be naive, the
Lender's agent may have been working with you, but they are
not on your side and, they will take anything you say and
work it against you.
EXAMPLE: DEED IN LIEU OF FORECLOSURE. IF A LENDER OFFERS YOU
TO STOP THE FORECLOSURE PROCESS AND FEES IF YOU SIGN OVER
THE DEED IN LIEU OF FORECLOSURE, THEY CAN STILL SUE YOU AND
GET A DEFICIENCY JUDGMENT FOR BALANCE DUE FROM AUCTION OR
YOU COULD BE ASKED TO SIGN AN UN-SECURED NOTE FOR THE
BALANCE.
In
the State Of Florida, we are a Lien Theory State. We
the Homeowners hold title to our homes, NOT the banks.
They hold legal instruments to acquire the title call
mortgages and notes.
SERIOUS ISSUES
The process of purchasing and
selling real estate can be extremely complicated from a
legal standpoint, and it's easy to make a mistake if you
don't have an expert advising you. And when it comes to
something as expensive as real estate, those mistakes could
cost you thousands of dollars. The average homeowners are
not up to date and do not know what to do in this market.
Again, this is why you will want to consider our advice
before making your first move.
With the market in the current state that it is, the
mortgage companies DON'T want to foreclose and take your
home. They are willing to work with you so that they do not
incur more costs by taking ownership of the property.
Contact us or
fill out the form today and let us relieve your stress.
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