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From the monthly archives:

October 2009

First-time home buyer tax credit: news roundup

October 28, 2009

 
Three things about the first-time home buyer tax credit:
1. Despite the credit’s name, you don’t actually have to be a first-time buyer to get it, merely someone who hasn’t owned a home in three years. But you are supposed to — you know — actually buy a home.
The Treasury Inspector General for Tax Administration says more [...]

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Steps That Helped Avoid Foreclosure

October 15, 2009

Steps That Helped Avoid Foreclosure
Get Educated
Short selling your home is not a decision you should make lightly. It is often a difficult and a long process. If you are successful, the difference between what you sell the house for and what you owe on the house is forgiven. You’ll also avoid a foreclosure on your [...]

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Short Sale vs. Foreclosure: Which is the Better Option?

October 12, 2009

Short Sale vs. Foreclosure: Which is the Better Option?
Losing your home to foreclosure due to an inability to keep up with your monthly mortgage payments is one of life’s most unpleasant experiences. It is also an event that keeps on affecting you long after your home is history by devastating your credit score. Regrettably, most [...]

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The benefits of a short sale vs Foreclosure

October 9, 2009

The benefits of a short sale vs Foreclosure
Foreclosure or Short Sale? Which is better for the homeowner and the lender? A homeowner is underwater on her property mortgage and wonders if her lender will come after her for the deficiency if she walks away from her property mortgage. Lenders are processing so many foreclosures and [...]

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9/28/09: Phone conversation with 2nd lien holder

October 7, 2009

Phone conversation with 2nd lien holder, hope to have update in the next two days.

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9/24/09: 1st Loan Negotiator Helping Expedite 2nd Lien Approval

October 7, 2009

Received email from our Paralegal informing me that they have the negotiator from the 1st lien helping to expedite the approval on the 2nd lien.

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9/23/09: Second lien holder is sent complete package again

October 7, 2009

Second lien holder is sent complete package again.

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9/22/09: Received approval letter for the first loan

October 7, 2009

Received approval letter for the first loan, still waiting for approval from the 2nd lien holder.

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9/17/09: New negotiator assigned, received investor approval on the first loan

October 7, 2009

New negotiator assigned, received investor approval on the first loan

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9/10/09: File sent back to investor for review

October 7, 2009

File sent back to investor for review.

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