My neighbor just moved out of his house one night. Why do so many people do this?

Q: My neighbor just moved out of his house one night. Why do so many people do this? A: Getting free from unmanageable debt doesn’t have to mean running away however the numbers of people who do this are astounding. … Continue reading

Short Sales in 2012

It’s time to take another look at short sales! As recently as a few months ago, if you would have told me, a real estate agent who specialized in Las Vegas short sales, that I’d be raving about a lender’s … Continue reading

Foreclosure Crisis Fosters True Grief

After my workout early this morning, I walked around outside in my backyard with a cup of coffee and thought about my clients. Across the board, I see in all my clients that foreclosure fears foster true grief. When some … Continue reading

When will home ownership be affordable again?

Q: At what point will home ownership become affordable again? A: My thoughts: Prepare for a new normal. Recent economic upheaval has taken a hefty toll. Looking at 2012, it’s impossible to know what’s next and the kind of an … Continue reading

I am reluctant to give up my property even though I’m upside down on my mortgage.

Q: I am reluctant to give up my property even though I’m upside down on my mortgage and am not making the payments. I keep thinking something will happen that will change my circumstances. Maybe a miracle or something. I … Continue reading

How do I know when my mortgage is out of balance with my budget?

Q: How do I know when my mortgage is out of balance with my budget? A: It doesn’t take much for your mortgage to exceed what your budget can conceivably handle. And it can happen quickly. An expensive car repair, … Continue reading

Why would a bank agree to a short sale?

Q: Why would a bank agree to a short sale? A: Short sales are a terrific option for homeowners struggling with unaffordable mortgage payments. In fact, lenders’ losses due to foreclosure are projected to increase at record rates giving them … Continue reading

How can my short sale work more successfully?

Q: How can I help the short sale process go smoother? A: Lenders and the federal government, prompted by the sheer volume of loan modification and short sale requests, have overhauled their systems and programs, making the foreclosure avoidance process … Continue reading

What can I expect if I start missing my mortgage payments?

Q: What can I expect if I start missing my mortgage payments? A: The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. … Continue reading

Unmanageable Debt

Unmanageable debt is a sign of the times! Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. But upheaval on Wall Street, … Continue reading