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Congress to pass Mortgage Relief Bill

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Filed under Maine foreclosure news, Real Estate News

The government predicts over 2 million homes will be foreclosed upon in the US during 2008. This new legislation is expected to touch only 1/5 of those faced with losing their homes by helping them refinance into lower payment loans. The question is, how are we going to help the other 4/5 of those folks? [...]

Short Sale Time Line

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Filed under Maine foreclosure news, short sale

We’ve had  lot of people ask us how long the short sale can take.  The typical short sale can take anywhere from 90 to 120 days on average just to get bank approval.  Of course listing a property and getting an offer can be a challenge in this market, getting the buyer’s funding in place [...]

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Hardship letters

Writing your hardship letter can be a very daunting task. This can be very overwhelming for you to sit down and actually write down from the beginning where things went wrong in your life and home. Whether it’s because of underemployment, reduction of pay or hours, unemployment, decline in business, divorce, high medical or health [...]

Document Collection

Thinking about doing a short sale? Already have your property listed with an agent for a short sale? I cannot stress enough how important it is for you to start gathering your paperwork. All mortgage companies require paperwork from you when submitting an offer for a short sale. Though mortgage companies differ on exactly what [...]

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