Distressed Properties, Short Sales and Loan Modifications The real estate market is in trying times these days. There are millions of homeowners who need to sell their home due toloss of work, job transfer, interest rate increases becoming unaffordable and a variety of other reasons. Many are finding that they can't sell their home because it is now worth less than their mortgage. This presents the dilema of what to do about this and how can I sell my home and maintain my credit. If you find yourself in this situation, you are not alone and you do have options. I have links on this page for a lot of information regarding these options including short sales and loan modifications. Feel free to read or download everything here and if you have any questions at all, please email me or call my cell at 251-591-2386. Good luck. Foreclosure Solutions Short Sales Explained Downloadble Free Resources My Short Sale Website Foreclosure Properties Available This page is designed to help you find area Foreclosures and Bank Owned Properties. Unfortunately, there are more foreclosures out there than we would like to see. In Baldwin County and Mobile County we don't have as many as in other parts of the country but we do have some. In most cases, the foreclosed properties are priced a little to somewhat better than other active listings. In many cases they are in pretty decent condition. If you are looking for a personal residence or are thinking about investing in Real Estate to gain some equity, it would be wise to check out some of these homes. Many of these properties represent some of the best values on the market today. If you will complete the form below, I will be happy to email you a current list of foreclosed properties. I can help you get more information or look at any of these homes. 
Financing Your Home >FHA Advisory
If you are in default on an FHA-insured mortgage, and the lender intends to foreclose, you should know about the Mortgage Assignment Program. You will have to provide certain information to the FHA to apply for this program.
To be considered eligible for assistance, the home must your principal residence. You must be at least three full payments behind on the mortgage, and the reason for your failure to make the mortgage payments must be due to circumstances beyond your control, such as unexpected unemployment. The FHA must be reasonably certain that you can resume making the payments at the end of 36 months and that the accrued deficiencies will be paid back before taking over the loan.
The Veteran's Administration also has a mortgage assistance program for those who have VA mortgages.
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What are considered the ideal conditions for a seller's market?
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In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS. |
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- NUMBER1EXPERT® 
