Welcome To
People FIRST real estate - Articles & Information For You NOW!

1. CAN'T GET A MORTGAGE? CAN'T GET YOUR HOUSE SOLD?...
Now What?
By: Hadar Harel,
Real Estate Specialist
 
In todays environament buyers are having harder and harder time to get loans from banks or in other words - use traditional financing.
The other side of the same problem is that sellers are having hard time to sell their properties, must lower their prices and even then be "stuck" with their properties for months, sometimes more then a year...
Well, if you are one of these buyers or sellers, don't get discurage. There is another way - Seller financing. Yes, the seller becomes the "bank", will set the loan terms, the down payment amount, the interest, and the buyer who couldn't get aloan from the bank, CAN buy a Home.
From the Seller point of view it means - they can sell faster and make the interest - it IS a Win-Win situation, no doubt.
 
Most home sellers never consider financing the buyer directly because they are not aware of the benefits or don't fully understand how creating a mortgage note works.

Once they do, some sellers do it again and again, CLICK TO ASK US HOW IT WORKS.


What are the Advantages of Seller Financing?

Seller financing is very powerful when the market is slow or when there are many similar houses on the market. Putting "Seller Financing" or "Owner will carry" will make the house stand out and attract more buyers. Making those who can not get a loan from the bank a potential buyer, makes the pool of buyers larger.

Seller financing might allowed the seller to sell for a higher price. Offering to carry back a mortgage note will not only greatly increase the number of potential buyers, but also bring buyers who are willing to pay more for a given property than others.

And one more very important benefit - When the sellers finance the buyer, they get to act as "the bank". That means they can collect interest. Meaning - long Term Income.

Feeling uncomfortable?

Many sellers feel uncomfortable with seller financing at the beginning, because they are not familiar with it. Once they are, many of them prefare it over waiting for a long time for a qualified buyer and needing to lower their price.

  

Agents and Seller Financing

Another issue that some don't understand is how the Real Estate Agent is going to get compensated with this technique?

Simple - the agent's fee will be deducted from the down payment. Some Agents get even more creative and get to carry some too. Meaning - now the agent can have his long term income as well.

  

Maybe a Problem
(followed by a Solution)

The whole process can be that simple. But, there are differences between a seller-financed deal and one with traditional bank funding.

The sellers in seller financing do not receive a one-time large payment at the time of the sale. They will only receive the down payment, and in some situations, most of that will go towards paying the real estate agent's commission. On the other hand, the seller is now the "bank" and will be receiving monthly payments at a decent interest rate, but this income stream can't be used as a down payment for a new house.

Since many home sellers are also looking to buy another property, the seller will need to get enough at closing to pay their own down payment. Without this payment, the seller's hands will be tied when they look to purchase another house and need to have a substantial amount of funds available. Don't warry - There is a solution to this situation.

The Solution

In order to get the money the sellers need from the loan they just created, the seller could sell the monthly note payments to a specialist buyer for a lump sum of cash.

CONTACT US TO FIND A
SPECIALIST BUYER.

If the seller finds someone willing to buy the payments, he can sell the house, buy the new one and have it all!!!

  

So, What's the plan?

1) Use the seller financing option to find more buyers and sell fast.

2) Create deal terms and create the Mortgage note.

3) In case the sellers need immediate cash to buy another house or for any other reason, their new incoming payment stream can be resold to a specialist buyer. The person who buys the future payments from the seller will provide the funding to act as a down payment on a new house, everybody is happy.

CONTACT US TO FIND A SPECIALIST BUYER.

Call Now! Toll Free 866 98 98 306, put your mind at rest.

By: Hadar Harel, Real Estate Specialist

On top of paying more on Car insurance, Students loans and Mortgage interests, people with lower credit score also pay more on everyday expenses such as utilities. They might even be Missing the job they where hoping to get.

"Credit scores have become one of the most important numbers in the lives of Americans," said  Stephen Brobeck, executive director of the Consumer Federation of America. Employers, for example, increasingly look up prospective employees' credit scores to judge their level of "personal responsibility," he said.

According to a Survey done by of the Consumer Federation of America, most people also don't know that cellphone companies, landlords, and home insurers often use the scores as part of customer background checks.

How is are credit scores being calculated?

Credit score ranges from 300 to 850 (Note: two credit bureaus follow the FICO scoring system while a third bureau has started a different method, but the FICO is the most common one). Some think age and income has a lot to do with it and so get discourage to even try and repair it. But read on.

Age and salary are not factors - Scores are based only on credit history for both systems it is just how they weight different catagories. Usage of credit cards, bill payments, length of time you have a credit card and other related details.

How to improve my credit score?

* Make payments on time or before but never be one second late!!!

* Pay off Debt.

* Avoid Charging more than half on each of your credit lines.

* Keep Credit cards in good standing for a long time (the Longer you have a card the better).

Just one late payment can cost a person thousands of dollars over the following five to ten years because credit card companies base interest rates on credit scores.

Therefor, if you or someone you know is for example in Foreclosure, it might be better for him/her to sell the house whether you have equity or as a Short Sale (see article about Short Sale to learn what it is) then keep dragging the late or no payments and totally destroy your credit and with it your future and the chance  to have your own house in the coming years.

Foreclosure will stay on your credit for 7 years, Bankruptcy for 10 years!!! That means the longer you wait and don’t make your payments the more you hurt yourself, and if you got to the point of the Foreclosure sale, the auction (also called Sheriff sale), then for the next 7 years your credit and you will hurt.

If you decided or your attorney advice you to “just go bancroptcy” please remember it will stay and hurt your credit for the next 10 years. Some times there is no choice, but sometimes people are rushing to it, thinking it is the easy way out.

For more information on how you can avoid the negative effects of Foreclosure, you can contact the Organization “People First” at PeopleFirstCreditRepair.org - They will help you with No Charge.

Let’s take as an example how a missed payment will influence a person with 670 credit score:

One missed payment - the score could drop 25 to 60 points.

If after it the person will be on time for the next six months, it would probably improve the score by 20 to 50 points.

If the same person will pay all or almost all of his balances, this can help him with around 100 points to his credit score!!!

With all the Real Estate turmoil, the lenders are keep raising the needed credit score in order to be able to get a Mortgage. Not long ago it was raised to 720 and now they are talking about raising it again…

(Don’t get discurage!!! The organization mentioned below can help you repair your credit and even if you didn’t get to the needed score, contact “People First” for other options to get a home. Do improve your score though for the rest of your savings and posibilities).

OK, but why should I bother fix my credit 30 points?

Small score increases can bring significant savings. Raising a credit score by 30 points Could  save on average $76 a year in credit card finance charges. It also could save about $20 a month on a 36-month car loan (that is $720).

You can do all the above and still might not see the improvements you were hoping for – this is when you can contact the Organization “People First Credit Repair” to help you.

With its help the organization gives people who are negatively affected by poor credit the opportunity to achieve their financial goals and dreams. Its service provides the industry's most comprehensive program to consumers who have been turned down for a mortgage, car loan, credit card or any type of credit due to credit problems. Its combined expertise and state of the art technology has helped thousands of customers to improve their credit standing and lower their debt.

With the credit restoration service “People First Credit Repair” allows you the opportunity to review your credit file and identify and proactively challenge any accounts that do not belong to you.

You can find more details and contact “People First Credit Repair” at: PeopleFirstCreditRepair.ORG

To get your credit score go to : annualcreditreport.com, you can get it there for a small fee (you will need to check each credit bureau separately).

Hadar Harel, Real Estate Specialist/Real Estate Investor with BA in Management and Mass Communications and MBA in Business Management and Marketing, is part of a Real Estate organization which has more then 15 years of combined experience, specializes in Short Sales and other acute situations.

CONTACT US TO FIND A SPECIALIST BUYER.

Do not hesitate to call us 24/7 toll free for answers and solutions to your current property consultation with NO Cost to you.

Call Now! Toll Free 866 98 98 306, put your mind at rest.

And If you wish You can Fill OUT our HELP YOU questionare by Clicking HERE NOW

CAll Today, Right Now TOLL FREE
1 866 98 98 306 - Do Not Pay Anyone to help you out, call us first. DO NOT WASTE PRECIOUS SECONDS - Fill OUT our QUICK, FAST HELP YOU NOW Questionare by Clicking HERE RIGHT NOW
This IS FREE with NO COST and all your Info is SAFE & Protected and not shared with anyone.

3. What’s a SHORT SALE?
Is It Good For Me?
By Hadar Harel, Real Estate Specialist

What is this Short Sale? When a borrower can not pay the mortgage loan on his/her property, the lender has a choice – either to Foreclosue on the borrower or sell the property at a some loss. In other words Short Sale it. A SHORT SALE is a Real Estate sale where the market sale price at a given time when the borrower needs to sell is less then the balance owed on the property's loan. For example lets say the borrower balance is $300,000 but the market price at the given time is only $250,000. What is asked from the lender is to give up on $50,000 (not including costs to close the sale such as title and escrow charges and recording fees). In different cases the lender will chose to foreclosue or Short Sale depend on his bottom line, in other words – how much he is going to lose in each option.

Short Sale and the borrower – Short Sale is MUCH better to the home owner who can not make his monthly payments then the alternative that some advice - Foreclosure or Bencruptcy!!! This way borrower can avoid having a Foreclosure or Bencruptcy on his Credit report and the lender can not go after him after a Foreclosure sale for what is still owed on the property.

Short Sale and the lender – Accepting a Short Sale will allow the lender to avoid foreclosure which will save the lender time and money which needs to be put into the process. But there are other considerations which sometimes lead the lender to reject the Short Sale option and go ahead with the foreclosure. If the lender agrees to sell in some lose, it is not because he is doing you any favor, it will be because it will make more financial sense to the lender (keep it in mind OK?!). The lender agrees to sell the property for less then is owed, in other word – the lender agrees to a discount on the loan balance. This can happened when the lender sees a financial hardship on the Borrower’s part.

ASK US WHAT IS YOUR CHANCE TO GET AN APPROVED SHORT SALE FROM YOUR LENDER.

How Long Short Sale takes? The Short Sale can be a short or a long process (we saw anything from One month to 16 months) depend on many parameters, but no doubt the more professional the people who deal with the bank the better and faster the process tipicaly is. From preparing the right Paper Work (allot of papers…) to Negotiating with the right people at the bank, “People First” specializes in the Short Sale Process and can help you have a much smoother and faster process then through your other options.

All process is with NO Cost To You !!!

Call Now! Toll Free 866 98 98 306, put your mind at rest.

Once it is all done, the borrower can finally have some rest and move on with his/her life with a lesser of a damage to his/her credit comparing to the other options (Foreclosure or Bencruptcy). Once again, because we truly care about you - Short Sale is a much better option then going to foreclosure and worse bencruptcy, both will stay and stain your Credit for 7 year in the case of Foreclosure, to 10 years in the case of Bankruptcy.

There is allot more to say and know about Short Sale, CLICK HERE or Call us Now for your free consoltation with “People First”!!! Hadar Harel, Real Estate Specialist/Real Estate Investor with BA in Management and Mass Communications and MBA in Business Management and Marketing, is part of a Real Estate organization which has more then 15 years of combined experience, specializes in Short Sales and other acute situations.

CAll Today, Right Now TOLL FREE
1 866 98 98 306 - Do Not Pay Anyone to help you out, call us first. DO NOT WASTE PRECIOUS SECONDS - Fill OUT our QUICK, FAST HELP YOU NOW Questionare by Clicking HERE RIGHT NOW
This IS FREE with NO COST and all your Info is SAFE & Protected and not shared with anyone.

4. In That Four Letter Word "Foreclosure"?

Play your cards right and the future will be brighter!
By Hadar Harel, Real Estate Specialist

Maybe you have lost your job or had unexpected medical bills, or a at the time reasonable interest rate on your mortgage has grown to monstrous size and you just can’t make the payments anymore.

These situations can and do happen; the question is how to get over them to a better future?!

Sometimes instead of making a choice that can destroy your credit (it will stay on your credit, 7 years in the case of Foreclosure and 10 years in the case of Bankruptcy). The same thing that you thought is your asset but now causes you sleepless nights, stress, mental anguish, and literally hurt your health.

It may be painful now but be much better to Sell the house, Restore your credit, while becoming a more educated and market savvy buyer the organization “People First” will gladly help you along. Please see links at the bottom of this article, and see yourself moving onto a brighter & better future!

It might be better to Sell the house, Restore your credit, while becoming a more educated and market savvy buyer (the organization “People First” will gladly help you along. Please see links at the bottom of this article), and see yourself moving onto a better future!

In a very emotional actual interview with “Mary” (real name with the editors), who lived in her house for 10 years before she faced Foreclosure, we get a glimpse of what happened to a person who went through the pre-foreclosure process and unfortunately did lose her house.

She said she was not scared to get the official Foreclosure papers handed to her, but was angry at the system. She was angry in being trapped in a situation she could do nothing to turn it around and keep her house someway:

How did you get to the Foreclosure situation?
What were the circumstances? ”I was hit by an uninsured motorist and unable to pay for my major medical expenses that arose from this”.

What were your first few thoughts when the delivery man handed you the Foreclosure papers? ”I hated it and wanted to just walk away from it like it did not happen, but I knew there was no way, it was reality and so I said screw the system and the system screwed me”.

Who did you turn to for advice/help? ”I spoke with friends, my accountant, and a lawyer friend. I didn’t hire a lawyer because I had no money for a one and would have in the end only taken my money. They were going to take my house, what could I do? I was hopeless and did not give a damn anymore”.

Besides losing the house, what else did you feel you were losing? ”A place to live, my home, my memories, my life – you lose everything, end of story, game up, and end up living with a roommate where I am now, but am to proud. HELL I think is what they call it”.

What happened to your credit score, did it get harder to buy stuff? ”My Credit…Went to the toilet. I cannot buy or get a credit card for anything and will not take anything as this is the way the banks are trying to totally screw us”.

What are your goals now? "It is to buy another house and make sure there is no way I can lose it again. I am now working on getting my credit restored and building up a down payment again. No matter how long it takes – hopefully sooner than later I will." I just wish I had known someone with the sincere efforts as you are doing now ten years ago, maybe my life would be totally different right now and i would already be cheering in my new home.

End of Interview

To start your way to a better future you can start by checking: Call FREE or Emai us Today But DO NOT DELAY as time does count regardless of how one feels or sees the situation, Give yourself /or your family a best chance. http://www.PeopleFirstCreditRepair.ORG

Our professional organization does Not charge you any fee, it is FREE, CALL NOW -
Toll Free 866 98 98 306, whether you want to try and save the house or stop the nightmare, sell and move on.

Failure is not falling down, but staying down!

You may not feel like it now but there is always a future and hope. So we Cheer you on to a Brighter & Happy FUTURE!!!

Call Now! Toll Free 866 98 98 306, put your mind at rest.

And If you wish You can Fill OUT our HELP YOU questionare by Clicking HERE NOW

Hadar Harel, Real Estate Specialist/Real Estate Investor with BA in Management and Mass Communications and MBA in Business Management and Marketing, is part of a Real Estate organization which has more then 15 years of combined experience, specializes in Buying, Foreclosures, Investment Properties, Short Sales, Quick Home Sales and other acute situations.