Help with Foreclosure in Lancaster Pa, Foreclosures Rising

http://www.flickr.com/photos/jacob_ruff/3349494481/Welcome Back Readers.  Today we are touching on a timely topic for many.  Foreclosure.  Timely for many, as an article about it in today’s paper was titled “Record number losing homes”.  Ouch.  Record number. 

The article cites 2010 Lancaster County Pa Foreclosure filings as setting a new record at 1,334.  This is an increase over 2009 at 1,319.  But who really expected differently?  With the state of the economy, I look at those numbers and am surprised they aren’t higher.  That figure represents an increase of 1.21%. 

That’s the new record, up 1.21%.  If all we are going to do is talk statistics, that is nothing, an anomaly, barely worth a mention in the history books.  In the end, statistics, nameless, faceless statistics are what these numbers become when reported this way.  And therin lies the problem.  Read on after the jump to find out more. Continue reading

Help with Foreclosure

Welcome Back Readers!   Thanks for stopping by again, I just wanted to take a minute and let you know about a new website from Fannie Mae.  The site, www.KnowYourOptions.com is full of great information regarding forclosure and as the title would suggest, what your options are.  Check it out and if you are thinking of selling your home to avoid foreclosure, call me, I will be happy to help you through! Continue reading

A FEW FORECLOSURE SOLUTIONS SIMPLIFIED, HELP FOR DISTRESSED HOMEOWNERS IN PA

Welcome Back Readers!   I wrote this article a little over a year ago and thought it would be worthwhile to refresh it and repost.  Why?  Well, here in Lancaster Pennsylvania we are in much better shape than many other areas, we do not have, and should not expect, a flood of foreclosures.  That being said, foreclosure is the reality many homeowners are currently facing and the majority of them do not understand the process. First and foremost, this article is not in any way considered to be, or offered as, legal advice.  I am not an attorney and all  homeowners with specific questions about the foreclosure process should consult with an attorney.  With that being said, I am going to lay out in simple terms just what to expect in the process.  Let’s get started, read on after the jump for more!  Continue reading

FHA Allows for Loan Modifications for Homeowners Who Haven’t Yet Missed a Payment

Welcome Back Readers!  It was a busy week last week in the real estate world, the Lancaster County PA Real Estate Market is moving quickly.  I apologize for the shortage of posts recently due to this but you can expect a little more consistency in the coming weeks.  I wanted to start of  this week with a nice change announced by HUD last Friday.

Until HUD made this change to the rules for FHA loans, in order to qualify for a loan modification, struggling homeowners had to actually MISS payments.  So, if you knew you were going to be in torouble, you had to let it happen before you were eligible for loss mitigation.  Check out the release from HUD on the details of the program.

The complete press release from HUD is after the jump Continue reading