The Process
The process for foreclosing on a home mortgage usually begins when a borrower falls three months behind on payments. The lender sends a default notice to the homeowner and to the county. If the homeowner can’t pay up, a foreclosure date is set. County officials handle the auction and use the proceeds to pay [...]
Archive for August 14th, 2007
Foreclosures
Posted in Bank Owned Properties, Credit, Foreclosure, HUD, REO, Real Estate Concepts, Selling Your House on August , 07 | Leave a Comment »
Hispanics and use of Technology
Posted in Danbury, CT Real Estate, Hispanic Market, Internet, Norwalk, CT Real Estate, Real Estate en Espanol, stamford, stamford condos, stamford real estate on August , 07 | Leave a Comment »
The Latino community in Fairfield County is very diverse and while trying to find some statistics to better reach this market I found some interesting information that tells me a lot about this community.
Yahoo Telemundo conducted a study among around 2,600 people. This group was made of 18-55 year old web-connected Hispanics who consume Hispanic [...]
How to Avoid FORECLOSURE
Posted in Bank Owned Properties, Foreclosure, HUD, Mortgages, REO, Selling Your House on August , 07 | Leave a Comment »
The rate of residential home foreclosure filings dropped in April, down 14.3% from the previous month, according to Foreclosures.com. Still, year-to-date the foreclosure-filings rate is higher than the same period a year earlier.
What to Do: Depending on your lender, you may be able to restructure your mortgage if you’re late in making monthly payments. The [...]
REO – Real Estate Owned – Properties
Posted in Bank Owned Properties, Bethel, CT REO Properties, Bridgeport REO Properties, Foreclosure, HUD, Norwalk, CT REO Properties, REO, Ridgefield REO, Stratford, CT REO Properties on August , 07 | 2 Comments »
Q: What is a “bank-owned property”?
A: When a borrower with a mortgage from a bank or mortgage lender can’t meet the payments, the lender forecloses on the property and takes ownership of the property. Then the lender lists it with a listing (real estate) agent and sells it at market value as quickly as possible.
Q: Who can [...]
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Posted in Uncategorized on August , 07 | Leave a Comment »
Nestor N. Romero
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