Posted by mattputnick on April 9, 2008
Recently I launched a brand new website to help homeowners that are struggling to keep up with there mortgage payments. The purpose of the website is to inform Chicagoland residents on the alternatives to foreclosure. Check out all the great information at:
Posted in Foreclosure, Notice of Default, Short Sale | Tagged: Chicago, Pre Foreclosure, Rescue, Short Sale | Leave a Comment »
Posted by mattputnick on February 14, 2008
We have all been inundated with the notion that Foreclosures are spinning out of control. Are foreclosures up – YES there is no denying it, BUT…
As of October 1, 2007 only 2.95% of mortgages were labeled as seriously delinquent. Serious delinquent means that a loan has not been paid in 90 days (roughly 3 months) or is already in foreclosure.
Does this number seem low to you? From what the media has lead us to believe it seems low to me. It’s no surprise to me that the media focuses more on the negative then the positive.
Posted in Foreclosure, Mortgage, Notice of Default, delinquent | Tagged: delinquent, Foreclosures, Mortgage | Leave a Comment »
Posted by mattputnick on January 1, 2008
A short sale occurs when a current homeowner is in foreclosure by his/her mortgage company and the homeowner/seller asks the lender(s) to accept less money than is owed on the loan(s) in order to facilitate a sale of the house. This approach is used instead of going into foreclosure and is sometimes referred to as the pre-foreclosure sale.
Posted in Notice of Default, Short Sale | Tagged: Chicago, Mortgage Payments, Notice of Default, Pre Foreclosure, Short Sale | Leave a Comment »
