Archive of posts tagged reduce

Valuations and Sales Discounts Eat Away at Foreclosure Proceeds

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Low property valuations and steep sales discounts reduce the proceeds from liquidated loans by almost a third, according to Moody’s Investors Service. As home prices drop, equity erosion drives most of the losses incurred on defaulted mortgage loans, but the analysts at Moody’s say in today’s environment that’s not the whole story. They maintain that …

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The secret to reducing your mortgage payment

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A mortgage recast is an adjustment in the monthly payment that makes the payment fully amortizing. The recast will be a payment increase when the existing payment is less than fully amortizing, and a payment decrease when the existing payment is more than fully amortizing. For example, let’s say your home loan has a balance …

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Is recovery in sight for the housing market?

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It looks as if the housing market is repeating history.  Turns out that like the stock market, real estate is relative and everything is cyclical, just like every other type of economics.  Prices and sales go up, and they go down.  And then they do it all over again. Although it’s a volatile market right …

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7 Tips for Staging Your Home

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Make your home warm and inviting to boost your home’s value and speed up the sale process. 1. Start with a clean slate Before you can worry about where to place furniture and which wall hanging should go where, each room in your home must be spotless. Do a thorough cleaning right down to the …

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