In Texas, tax foreclosure is a legal process by which a property owner’s interest in their property is forfeited to satisfy unpaid property taxes. The process is initiated when property taxes become delinquent, usually on February 1st of each year. Here is a general overview of the tax foreclosure process in Texas: 1. Delinquency: If […]
What is a Tax Foreclosure and how to avoid it! Read More »
Divorce and Foreclosure? What To Do! It is no secret that financial problems are the leading cause of divorce. Often times, a foreclosure and a divorce go hand in hand. But in spite of the rift between you and your spouse, now is the time to seriously think what the best move would be to
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Steps To Take When You Lose a Loved One When a family loses a loved one, the grief is all they can handle at that moment. But eventually, plans will have to be made to wrap up the affairs of your loved one. For most people, the task of settling an estate is learned the
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The Real Estate Let’s explore how the industry works and what the major jobs and careers are. The Real Estate Industry can be divided into several different areas: Development Sales and marketing Brokerage Property management Lending Professional services (law, accounting, etc.) Let’s look at each of these six areas of the industry in more detail.
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Seems like an elementary question doesn’t it. But if you are interested in a career in Real Estate investing, you need to start with the basics. Individuals who excel in this business and are not a “flash in the pan” are committed and they are “in it to win it!” This begins with education. Typically,
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7 ACTION STEPS TO TAKE WHEN FACING A FORECLOSURE 1. Gather your loan documents and set up a case file. Before you miss a mortgage payment or if you’re already behind on your payments, the first thing you should do is get organized. Set up a file for the records that relate to your
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Washington – Today, the U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Under the Memorandum of Understanding (MOU), the two Agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD is
HUD AND FHFA ANNOUNCE COLLABORATION TO ADVANCE FAIR HOUSING AND FAIR LENDING ENFORCEMENT Read More »
WASHINGTON – The Federal Housing Administration (FHA), today announced additional home retention measures to help homeowners with FHA-insured single family mortgages who are financially impacted by the COVID-19 pandemic to bring their mortgage current at the end of their COVID-19 forbearance. Effective immediately, mortgage servicers will be able to use an expanded menu of loss mitigation tools,
Take great care in how you write your Hardship Letter when applying for a Loan Modification! Are you thinking about applying for a Loan Modification because you are in need of a more affordable monthly Mortgage payment? Here is some advice when it comes to writing your Hardship Letter that is required when you submit
What NOT to do when applying for a Loan Modification! Read More »
Basically, it is thinking that money is tight. There is never enough. It is living in lack. It’s the mindset of “holding onto what you have or you will lose it.” I’m sure you’ve heard the saying “A penny saved is a penny earned.” While this is true, and it is important to save in
Have You Heard Of Poverty Consciousness? Read More »
