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There are two parts to the program. The first is Home Affordable Refinancing, which helps borrowers refinance a loan backed by Fannie Mae or Freddie Mac. It’s designed for people who are current on their mortgages and are unable to refinance because the value of their home has fallen by too much. The second part of the program is Home Affordable Modification, which assists in the modification ...
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Absolutely turnkey. Large master bedroom w/powder room & walk-thru full bath, plenty of closet space, vaulted ceilings, open and bright kitchen & dining area, lower level retreat with wet bar, plus a large deck overlooking treed park area with playground. The grounds are very quiet and are just steps from walking/biking trails.
Welcome to the neighborhood of Turtle Creek, located in Minnetrista, Minnesota. This development was established in 2002 by Hans Hagen Homes and the warm hearts of the neighborhood residents.
Turtle Creek is a premier 100 home subdivision surrounded by great activities, outdoor attractions and enjoyable neighboring cities.
Within a few miles you can visit the nearby cities of Mound, Waconia and ...
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If your mortgage payments are sending your finances into a downward spiral, you need to know that bankruptcy is not always inevitable. Getting out from underneath an unaffordable mortgage through a short sale may provide you with the breathing room you need to restructure your finances and avoid bankruptcy.
If you or someone you know is having trouble and would like to speak ...
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Short Sale Myths
A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs.
Myth #1 – The Bank Would Rather Foreclose than Bother with a Short Sale
This is one ...
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Short Sales are More Valuable Than Ever!
Avoiding foreclosure is always a smart move, but now there are incentives that make it an even better one.
Short sales and deeds-in-lieu are dignified solutions to foreclosure, and now the government is making them easier and quicker through the Home Affordable Foreclosure Alternatives Program, or HAFA, which also gives the homeowner $3,000 for participating.
With ...
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Private Mortgage Insurance (PMI) is required by most lenders when a borrower puts less than 20% down on a purchase loan. Paid for by the borrower, PMI not only protects the lender from foreclosure, it also enables many buyers to qualify for loans and purchase real estate when they couldn't have otherwise. On January 1st, 2007, legislation went into effect making PMI tax deductible for new borrowers ...
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The qualifications for a short sale include any or all of the following:
Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
Monthly Income Shortfall – In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
Insolvency – The lender ...
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Government Program Surveys
Are You Eligible?
The government programs currently available to homeowners can be valuable resources, but only if you know which ones are right for your situation.
That’s why I’ve created this free resource that lets you find out which programs you’re eligible for. Read the descriptions for each program to see which one fits your situation, then fill ...
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If you haven't heard yet, there's been a big change in the housing market. Homeowners are now being offered $3,000 to avoid the foreclosure process through a short sale or deed-in-lieu of foreclosure.
This development comes through a new program called Home Affordable Foreclosure Alternatives (HAFA). It adds even more of an incentive to avoid the foreclosure process—a route that already has ...