How You Can Prevent Delays in the Mortgage Loan Modification Process
March 5, 2010 by Victoria Stankard · 1 Comment
A mortgage loan modification is when the lender reworks the terms of your existing home loan to make the monthly payments more affordable. Lenders will lower the interest rate, extend the terms of the loan, reduce the principal (although rare) or a combination of any of the above to get the payment down. A mortgage loan modification may tarnish [...]
Rising Unemployment and Obama’s Anti-Foreclosure Program
February 22, 2010 by Victoria Stankard · Leave a Comment
Foreclosure filings occur about every 13 seconds and continue to impact property values and slowdown the nation’s recovery from recession. According to a recent report from the Obama administration on the Home Affordable Modification Program (HAMP) and the Home Affordable Refinance Program (HARP), rising unemployment, falling home prices and mortgage resets continue to threaten millions of homeowners with foreclosure. [...]
Avoiding Preventable Foreclosure – Making Homes Affordable Program
February 18, 2010 by Victoria Stankard · Leave a Comment
There is government help available for homeowners in financial distress who are having trouble making their monthly mortgage payments. Borrowers that are current on their mortgage (not more than 30-days late on their mortgage payment in the last 12 months), but are having difficulty making their monthly payments on time, or have fallen behind one or [...]
Avoid Foreclosure with a Charlotte NC Certified Distressed Property Expert®
February 10, 2010 by Victoria Stankard · 7 Comments
A Certified Distressed Property Expert® (CDPE) is a well informed licensed real estate professional who, through comprehensive training and experience, understands the hardships many homeowners are facing in today’s market. A qualified CDPE is able to provide viable options, such as short sales, for homeowners in financial distress. When faced with the emotional devastation of possible foreclosure [...]
The Skinny on Short Sales Charlotte NC
January 13, 2010 by Victoria Stankard · Leave a Comment
As more and more foreclosure properties flood the market due to the economy, job loss and a decline in home prices, many sellers are looking to short sales as a way to avoid foreclosure themselves. What is a Short Sale? In a short sale transaction, the lender agrees to accept less than what is owed on [...]
A Trial Mortgage Loan Modification Can Damage Your Credit – Know The Facts
January 8, 2010 by Victoria Stankard · Leave a Comment
Homeowners who are behind on their mortgage payments or struggling to keep them current may be considering a trial loan modification. President Obama’s mortgage rescue plan is intended to help homeowners avoid foreclosure. The plan reduces monthly payments to no more than 31% of eligible borrowers’ pre-tax income or gives borrowers the opportunity to refinance their mortgage even if they have litle [...]
Loan Modification in Lieu of Foreclosure – Charlotte North Carolina
October 27, 2009 by Victoria Stankard · 3 Comments
Due to the current state of our economy and the credit crisis spreading across the prime mortgage sector, many borrowers who were previously considered lower risks are now facing foreclosure. At the same time, properties held as collateral by the banks are continuing to lose market value. The bottom line is that foreclosure has become [...]
Leigh Brown, aka The Real Estate Diva, is a native of Concord NC in the Charlotte area. She grew up on a farm at the edge of Cabarrus County, still goes to the same church she grew up in (home of the world famous Mallard Creek Barbecue!), but has become a leader in area real estate through constant learning and continually upgrading technology to better serve buyer and seller clients. Leigh does indeed have a reputation as a barracuda-when it comes to protecting client interests. Her softer side is reserved for her husband and two kids who provide a constant source of joy-and entertainment
