Sentences with phrase «rather than foreclosure»

# 3, those are the rules, you probably have a good method to get the seller to move, about the only benefit is the difference between having a SS rather than a foreclosure.

Not exact matches

On Wednesday, the bank launched a program to rent out 500 homes to homeowners who are having trouble paying their mortgage, rather than put the loans in foreclosure and kick the owners out.

The Boulevard Mall, the oldest enclosed shopping mall in the WNY region, has a new owner after Forest City Enterprises gave up control rather than go through a foreclosure.

But in this case, the mortgage company can carry out an auction of the property rather than having the sheriff's office or local courts do it, which is what distinguishes it from a judicial foreclosure.

>> >» Rather than go into foreclosure, eligible borrowers can refinance with FHA and lenders can voluntarily write down the outstanding subprime mortgage principal balances.»

«This slowdown continues to be largely the result of massive delays in processing foreclosures, rather than the result of a housing recovery that is lifting people out of foreclosure,» notes RealtyTrac CEO James Saccacio in a statement.

FHA lenders must verify that at least one year has passed since the foreclosure, short sale or bankruptcy and that the economic event was directly responsible for the bankruptcy or foreclosure rather than any irresponsible behavior by the borrowers.

On the one hand, filing for chapter 13 bankruptcy can help you save a home from foreclosure by forcing your lender to take past due mortgage payments in small increments over a 3 - 5 year period rather than forcing you to pay back what you owe in a lump sum right away.

As an overview, this Government plan targets those who deserve help rather than attempting to reduce foreclosures and stabilize home prices.

While there is an indication that the chapter 13 filings reflect historic patterns rather than mirroring foreclosure distress in the real estate market, only time will tell if the reasoning will stand up to the scrutiny of the statistics.

Has anyone heard of a lender who was willing to negotiating a «paid settlement» or «paid satisfactory» on a credit report in a situation where the borrow was willing to agree to a deed in lieu rather than letting the property to go into foreclosure?

The idea is that the lender would rather keep the borrower than lose them to foreclosure.

The idea was that they will retire to it in a couple of years, but that they would likely be better off buying the foreclosure fixer - upper then rather than waiting for full retirement and buying when prices had recovered.

One set of actions was aimed at encouraging lenders to rework payments and other terms on troubled mortgages or to refinance «underwater» mortgages (loans exceeding the market value of homes) rather than aggressively seek foreclosure.

Whether they are forced to surrender their dog due to a change in living circumstances such as a lost job or foreclosure, or because a member of the family finds out they are allergic, or even if it is discovered that the dog is not a good match for their lifestyle, many dog owners would rather give up their dog to a good rescue organization than to a shelter where the dog may be euthanized.

Rather than seeing the introduction of new characters, new voices, and new stories as an exciting and interesting opening up of the field, it's read as a foreclosure by those who have been allowed to dominate the field so far.

If foreclosure covers too small a part of the market to actually marginalise the dominant undertaking's rivals, rebates tend to lower prices, rather than generating anticompetitive effects.

Because the lender began applying the mortgage payments to these fees rather than to principal and interest, the lender declared the loan in default and commenced a foreclosure proceeding.

Then you can make your mortgage payment, auto loan payment, credit cards, etc., rather than risk foreclosure or bankruptcy.

Given that our loans are based on the value of an investment property rather than the borrower's credit, we can fund deals for borrowers who are unable to get conventional financing due to a recent foreclosure or short sale.

On a positive note, banks are releasing their foreclosures onto the market methodically rather than dumping them all at once, a practice that can depress prices.

Combs asked the senators to support legislation that would help owners work out their loan problems rather than lose their homes to foreclosure.

What's more, 92 percent of those buyers say they would use the foreclosures as their primary residence rather than using them as investments.

But pre-2008, most foreclosures were due to the 5 D's - Death, Disease, Divorce, Drugs, and Denial - where people end up in a situation where they are losing their home, rather than just being underwater and walking away.

so rather than waiting for people to call me im looking for REOs and foreclosures and looking for ones that have big equity gaps and when i find one i want to get it then either wholesale or rehab it and do this a few times taking little chunks of money and saving it until i get a goal of 50k... my problem is the money part..

7) Lenders would much rather do short sales than foreclosures, because the lender frees up his non-producing money.

Even distressed property sellers are benefitting from this hot seller's market, with a record - high share of homes at foreclosure auction being purchased by third - party buyers, rather than reverting back to the foreclosing bank.»

They tend to be financially conservative for a host of reasons: Many saw parents and older counterparts reel from the recession and foreclosures; they face repaying their own huge student loans; they're interested in putting down a higher down payment than prior buyers have rather than qualifying for the biggest loan available.

Rather than continuing to head down, home prices have been stable for the last two years and are poised to head up, which will reduce lending risks, lower foreclosures, boost sales, and further strengthen the market.

[32] «Rather than defaulting --[FHA] keeps many of the properties they're tied to from going through the typical foreclosure process.

The IRS will not count the amount forgiven by the mortgage holder as income to the seller, thus giving distressed borrowers incentive to sell short rather than default; (2) restored the tax deduction for mortgage insurance premiums that expired at the end of 2011; (3) the mortgage interest deduction untouched; and (4) tax relief for mortgage debt forgiveness was extended another year; providing homeowners tax relief on loan modifications, short sales and foreclosures.

After the foreclosure crisis started, some lenders opted not to report those balances as an incentive for homeowners to arrange short sales rather than let their homes go into foreclosure.

It's apparently very acceptable for banks to take properties and just let them sit there rather than try and make a deal to get them sold (see our earlier post on 33 % of Florida foreclosures sit vacant today).

«Based on the rise in pre-foreclosure sales we've seen so far this year, a higher percentage of these new foreclosure starts will likely end up as short sales or auction sales to third parties rather than bank repossessions going forward.

A substantial portion of the ongoing falloff in homeownership reflects fewer renter households transitioning to homeownership, rather than homeowners being forced out of the market through foreclosure or other financial difficulty.

The state uses judicial foreclosures rather than the speedier option, non-judicial foreclosures.