tag:blogger.com,1999:blog-529652456965532784Thu, 31 May 2012 17:08:46 +0000Deciding on a LoanEnergy Savingtraditional creditHome ImprovementeducationCreditComparative Market Analysis (CMA)financing techniqueResalecarry backTaxesschwarzeneggarcredit historyPreapprovallynnette phillipstenantstenantNotice of Defaultgrant deedSellersImprove Your FICO Credit Scorecredit card managementRates Aren't The Only Reason To Refinancequit claim deedPurchaseinterspousal deedmortgage interestPrescreenedBuyersnontraditional creditspending plansmortgage educationsue-on-salecarrybackrentersalienation clauseLease Optiontitle transfervalue you home.listing priceBenefitsFICO Credit ScorelawCA Foreclosureadvantagescredit problemsquitclaim deedFHALoan Programsbecome home ownerShort Salefirst time home buyerFirst-time Homebuyerstransfer titleReasons to RefinanceFANNIE MAEForeclosurebudgetsSavingsdue on salenon-traditional creditlease to ownbi-weekly payment plansPrequalifiedacceleration clausealternative creditrenterdebtcaliforniaRevitalize Your Kitchenwarranty deedfinancingGet Started on HomeownershipSurprisingly a degree in Paralegal Studies and a California Real Estate license fit together very well. I became a Loan Officer, Realtor & Consultant focusing much of my research in the area of consumer education. My intention with this blog is to provide some knowledge in the areas of home buying, financing options, foreclosure, mortgages and more.http://helpingufindaway.blogspot.com/noreply@blogger.com (Lynnette Phillips)Blogger40125tag:blogger.com,1999:blog-529652456965532784.post-9189297533013085692Tue, 22 Jul 2008 19:11:00 +00002008-07-22T12:17:10.365-07:00Short Salevalue you home.listing priceComparative Market Analysis (CMA)lynnette phillipsCA ForeclosureIn the current market many homeowners are finding themselves in a foreclosure situation. With the hope of catching-up the delinquent payments dwindling the only option left seems to be to sell…quickly. For a fast sale it’s important to price the home right. How do you value your home? Difficult as it is you need to stop seeing it as your home and look at it like a buyer might. Start with a “http://feedproxy.google.com/~r/lynnettephillips/~3/6OVak0snecU/valuing-your-home-for-quick-sale.htmlnoreply@blogger.com (Lynnette Phillips)3<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/6OVak0snecU" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/07/valuing-your-home-for-quick-sale.htmltag:blogger.com,1999:blog-529652456965532784.post-7340038718147670720Fri, 11 Jul 2008 01:09:00 +00002008-12-11T14:14:27.834-08:00schwarzeneggarForeclosurecaliforniatenants Homeowners of foreclosed properties are often so desperate to find a way clear of the situation that they can fall victims to the unscrupulous. For renters the only difference being they usually become victims much sooner and are often unaware until they find out they’re homeless. The current surge of foreclosures has been said to be the worst since the Great Depression. A shockingly increasing http://feedproxy.google.com/~r/lynnettephillips/~3/NXpyga-Liuc/governor-schwarzenegger-signs.htmlnoreply@blogger.com (Lynnette Phillips)1<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/NXpyga-Liuc" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/07/governor-schwarzenegger-signs.htmltag:blogger.com,1999:blog-529652456965532784.post-5515568192147123563Tue, 08 Jul 2008 17:54:00 +00002008-12-11T14:14:27.957-08:00lease to ownForeclosurerentersLease OptiontenantsIn July 2007 Alberta and her husband signed a 2 year lease option agreement for a home in Hesperia, California only to find out 10 months later that the home was in the final stages of the foreclosure process and that it had entered default the previous December. At the same time they found out that the person being represented as the owner (landlord) was neither the property owner nor the owner’http://feedproxy.google.com/~r/lynnettephillips/~3/C-IExENXRcs/renters-in-foreclosure-also-scam.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/C-IExENXRcs" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/07/renters-in-foreclosure-also-scam.htmltag:blogger.com,1999:blog-529652456965532784.post-9101002734463729377Sun, 06 Jul 2008 23:41:00 +00002008-12-11T14:14:28.944-08:00ForeclosureNotice of DefaultImprove Your FICO Credit ScoreFICO Credit ScoreComparative Market Analysis (CMA)FANNIE MAEThis is one of those questions that seems to keep coming up.You find your self having trouble making the house payments. Then the bank actually files a Notice of Default. It seems there's no way out but to put the house on the market but the Comparative Market Analysis (CMA) performed by you real estate agent tells you that the market value of the house and the balance of the loan are thousands http://feedproxy.google.com/~r/lynnettephillips/~3/WRy_gCnh6-4/how-soon-after-short-sale-can-i-buy.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/WRy_gCnh6-4" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/07/how-soon-after-short-sale-can-i-buy.htmltag:blogger.com,1999:blog-529652456965532784.post-2789276376380429281Sat, 28 Jun 2008 21:22:00 +00002008-12-11T14:14:29.130-08:00warranty deedtransfer titlequitclaim deedgrant deedWhen title to a property is transferred in CA it is usually by a Grant Deed or Quit Claim Deed. More and more lately though I have noticed the use of Warranty Deeds which have been more commonly used in the Midwestern and Eastern states. A Quitclaim Deed transfers to the grantee only the interests in real property which the grantor has, the grantee assumes responsibility for any claims against http://feedproxy.google.com/~r/lynnettephillips/~3/Q2MMq32H1DA/warrranty-deeds.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/Q2MMq32H1DA" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/06/warrranty-deeds.htmltag:blogger.com,1999:blog-529652456965532784.post-2419125812637798275Sat, 14 Jun 2008 19:35:00 +00002008-12-11T14:14:29.909-08:00Foreclosurelawtenantrenterbecome home owner"Recently I was opening the days mail and mistakenly opened a letter addressed to the property owner of my leased home notifying her of a pending notice of default and demanding mortgage payments for the last several months in the total amount of $21,000." Due to the widespread foreclosures in this country tenants becoming suddenly homeless due to foreclosure has now become rampant. There are fewhttp://feedproxy.google.com/~r/lynnettephillips/~3/rmiOHVGjFB0/renters-rights-if-owner-faces-default.htmlnoreply@blogger.com (Lynnette Phillips)2<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/rmiOHVGjFB0" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/06/renters-rights-if-owner-faces-default.htmltag:blogger.com,1999:blog-529652456965532784.post-1711334148212595731Mon, 09 Jun 2008 00:05:00 +00002008-12-11T14:14:30.089-08:00title transferalienation clausetransfer titleacceleration clausedue on saleinterspousal deedsue-on-salequit claim deedLately I have received quite a few questions about using a quit claim deed to relinquish titles to property, usually turning title over to a relative, while the current owner continues to make the payments on a mortgage signed by him or her. While this seems incredibly generous on the part of the mortgagor (the borrower) this could create a problem. The mortgagee (the lender or creditor) holds ahttp://feedproxy.google.com/~r/lynnettephillips/~3/bzh4kksN6fE/quit-claims-deeds-and-alienation.htmlnoreply@blogger.com (Lynnette Phillips)4<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/bzh4kksN6fE" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/06/quit-claims-deeds-and-alienation.htmltag:blogger.com,1999:blog-529652456965532784.post-5925205404054135311Thu, 22 May 2008 00:36:00 +00002008-12-11T14:14:30.244-08:00non-traditional creditcredit historyalternative creditnontraditional credittraditional creditMaybe you haven’t developed a credit history yet or you’ve preferred to pay cash instead of using credit. Maybe you needed to reestablish your credit after some sort of disruptive life event like a bankruptcy. Maybe it’s as simple as you didn’t think you would need to have any credit accounts in your own name. Having not established a traditional credit history does not have to stand in your way http://feedproxy.google.com/~r/lynnettephillips/~3/aDw0CPEiz2s/no-credit-history.htmlnoreply@blogger.com (Lynnette Phillips)3<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/aDw0CPEiz2s" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/05/no-credit-history.htmltag:blogger.com,1999:blog-529652456965532784.post-3960866192309716294Fri, 16 May 2008 15:38:00 +00002008-12-11T14:14:30.475-08:00mortgage interestbi-weekly payment plansHow to reduce your mortgage interest: The advantages of bi-weekly payments Who wouldn't want to save thousands, even tens of thousands, of dollars in mortgage interest on their home loan? To add to the attraction of paying less interest what if you could also reduce the term of your loan? How? You could pay an annual lump sum amount equal to an extra payment but, let's face it, some of us justhttp://feedproxy.google.com/~r/lynnettephillips/~3/TUIaauimqo0/how-to-reduce-your-mortgage-interest.htmlnoreply@blogger.com (Lynnette Phillips)2<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/TUIaauimqo0" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/05/how-to-reduce-your-mortgage-interest.htmltag:blogger.com,1999:blog-529652456965532784.post-7854469281969363415Thu, 15 May 2008 05:34:00 +00002008-12-11T14:14:30.636-08:00become home ownercredit problemsLease Optionfirst time home buyeradvantagesThere are so many purchase and financing options available to First Time Home Buyers the only thing for certain is that there's no reason for them to think they aren't able to have a home of their own. Why would anyone choose to go the route of a Lease Option? Check out these advantages:· The up-front cash required to buy a home or other property on a lease option is usually small. This option http://feedproxy.google.com/~r/lynnettephillips/~3/Xmfs2n3evYM/first-time-home-buyer-financing-option.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/Xmfs2n3evYM" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/05/first-time-home-buyer-financing-option.htmltag:blogger.com,1999:blog-529652456965532784.post-7358808766873971504Sat, 10 May 2008 23:25:00 +00002008-12-11T14:14:30.825-08:00renterCA Foreclosure It is estimated that at least 25% of the homes that have been foreclosed on in California have been occupied by renters. Banks are not in the rental business and want the properties foreclosed on vacant so they can be sold. In California a lease or rental agreementis invalid once the property has been foreclosed upon. The only law that gives any protection to the renter is the requirement of a http://feedproxy.google.com/~r/lynnettephillips/~3/8ofxZX31fSA/property-owners-arent-only-ones.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/8ofxZX31fSA" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/05/property-owners-arent-only-ones.htmltag:blogger.com,1999:blog-529652456965532784.post-6497894489019866517Fri, 09 May 2008 01:42:00 +00002008-12-11T14:14:31.116-08:00budgetsspending plansdebtcredit card management Life is full of opportunities, joys and surprises-college, the big job, the dream car, marriage, the new furniture, the sound system, and through education loans, credit cards, etc. you pay for them all. Then one morning there’s a phone call from a collection agency, then another and another. Your debt is out of control. How are you going to qualify for that new home loan with this kind of http://feedproxy.google.com/~r/lynnettephillips/~3/TUGhqO6Cet4/website-helps-you-unravel-debt-problems.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/TUGhqO6Cet4" height="1" width="1"/>http://helpingufindaway.blogspot.com/2008/05/website-helps-you-unravel-debt-problems.htmltag:blogger.com,1999:blog-529652456965532784.post-8368817981046479577Thu, 13 Dec 2007 21:14:00 +00002008-12-11T14:14:31.340-08:00tenantLease Optionfinancing technique A lease-option is a combination real estate rental, sales and finance technique. It is a property lease for a fixed time period, such as 12 or 24 months, with an option for the tenant to buy the property at an agreed option price during the lease term.http://feedproxy.google.com/~r/lynnettephillips/~3/ddb-Cq6k1A4/what-is-lease-option.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/ddb-Cq6k1A4" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/12/what-is-lease-option.htmltag:blogger.com,1999:blog-529652456965532784.post-6320268074383314716Mon, 22 Oct 2007 18:31:00 +00002008-12-11T14:14:31.615-08:00Short SaleForeclosureTaxesCA Foreclosure Life is full of ups and downs. Any of us can suffer from a financial setback for any number of reasons…unemployment, illness or injury, divorce. But there ARE options to help you get back on track. The first and possibly most important thing to remember in this situation is time is crucial. If you have already received a Notice of Default you usually have only 90 to 120 days. 1. To help puthttp://feedproxy.google.com/~r/lynnettephillips/~3/xTrtC-P5p8w/find-yourself-in-pre-foreclosure.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/xTrtC-P5p8w" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/find-yourself-in-pre-foreclosure.htmltag:blogger.com,1999:blog-529652456965532784.post-6008069902103894390Sun, 21 Oct 2007 21:21:00 +00002008-05-14T23:04:58.739-07:00SellerscarrybackBuyerscarry backfinancingNot long ago we went through a period when lenders were able to qualify just about anyone for financing of a new home. Now, primarily because of the large default rate, lenders are requiring higher credit standards and fewer people can qualify for financing. A buyer may not meet the financing criteria because he: •Doesn’t meet the lender’s debt to income (DTI) ratio, •Has a spotty http://feedproxy.google.com/~r/lynnettephillips/~3/0xjayOx3ixM/seller-carryback-seconds-helping-buyers.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/0xjayOx3ixM" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/seller-carryback-seconds-helping-buyers.htmltag:blogger.com,1999:blog-529652456965532784.post-1888899929795094258Thu, 18 Oct 2007 15:40:00 +00002007-10-18T08:47:16.953-07:00PreapprovalPrescreenedPrequalifiedImagine you have just found out that you have to have surgery on your knee and the procedure will be pretty extensive! Most people just won't take the doctor's word any more. They seek out another doctor for a "second opinion". That's the way it should be with your mortgage too! If you have already been pre-approved or pre-qualified for a mortgage on your next home, are you absolutely sure youhttp://feedproxy.google.com/~r/lynnettephillips/~3/3VX4v4tMu5s/you-are-entitled-to-second-opiniontm.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/3VX4v4tMu5s" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/you-are-entitled-to-second-opiniontm.htmltag:blogger.com,1999:blog-529652456965532784.post-8578976938100252437Sat, 13 Oct 2007 18:41:00 +00002007-10-13T11:46:02.552-07:00ForeclosureFHAHas the adjustment period for your mortgage recently caused your monthly payment to increase? Are you having trouble meeting those larger payments? Have you received a Notice of Default? With the national (and state) foreclosure rate at an all time high, help has arrived! The FHASecure program is available to you. This program is designed to assist those who have a past history of on-time http://feedproxy.google.com/~r/lynnettephillips/~3/aVPsZ_soOxQ/foreclosure-bailout-may-be-help.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/aVPsZ_soOxQ" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/foreclosure-bailout-may-be-help.htmltag:blogger.com,1999:blog-529652456965532784.post-2187411866283543561Thu, 11 Oct 2007 01:44:00 +00002007-10-10T18:49:57.555-07:00TaxesFICO Credit ScoreLoan Programs•Mortgage Insurance will be tax deductible in 2007? •There are exclusive loan programs available to teachers, firefighters and police? •85% of consumers have errors on their credit report?http://feedproxy.google.com/~r/lynnettephillips/~3/qEIkUoOaFm4/did-you-know.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/qEIkUoOaFm4" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/did-you-know.htmltag:blogger.com,1999:blog-529652456965532784.post-7417526279259501574Thu, 11 Oct 2007 01:34:00 +00002007-10-11T10:26:05.009-07:00SavingsBy making one extra payment a year, 13 instead of 12, you can take years off the term of your loan and save tens of thousands of dollars in interest.Here's an example: A loan for $300,000.00 at a 7% interest rate for 30 years would cost you approximately a total of $418,000 in interest paid over the life of the loan. By dividing the amount of your payment ($1995.91) by 12 months and sending that http://feedproxy.google.com/~r/lynnettephillips/~3/lbL5Og8l4WA/save-thousands-reduce-term-of-your-loan.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/lbL5Og8l4WA" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/save-thousands-reduce-term-of-your-loan.htmltag:blogger.com,1999:blog-529652456965532784.post-1135975869836272443Thu, 11 Oct 2007 01:30:00 +00002007-10-13T12:49:44.902-07:00PreapprovalPrescreenedCreditBills, a sale circular, a letter from your bank and how many credit card and mortgage offers claiming you're "preapproved"?! These "prescreened" credit and insurance offers are based on information from your credit report which is compiled into a list of names released by a consumer reporting company. While you can't stop all of the offers received you can reduce the number that show up http://feedproxy.google.com/~r/lynnettephillips/~3/2qoyNmtRFTQ/opt-of-prescreened-credit-offers.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/2qoyNmtRFTQ" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/opt-of-prescreened-credit-offers.htmltag:blogger.com,1999:blog-529652456965532784.post-8078359720259300605Wed, 10 Oct 2007 21:20:00 +00002007-10-10T19:01:24.176-07:00ForeclosureTaxesSellersCA ForeclosureBuyersHas it been so long since I posted? No matter how often I'm published I still get a "you're kidding feeling"...and this time the article was solicited! How To Stop ForeclosureAnyone can find himself in a foreclosure situation, whether because of a divorce, the loss of a job, or a higher monthly payment due to a reset on your adjustable mortgage. If you have received a Notice of Default (the firsthttp://feedproxy.google.com/~r/lynnettephillips/~3/ReTLavwFQU4/how-to-stop-foreclosure.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/ReTLavwFQU4" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/10/how-to-stop-foreclosure.htmltag:blogger.com,1999:blog-529652456965532784.post-2937656647297679659Fri, 10 Aug 2007 18:22:00 +00002007-10-20T16:53:25.886-07:00educationmortgage educationNational Association of Realtors offers brochures to help educate the pulic about their mortgages. Of special interest might be "Specialty (Nontraditional) Mortgages" and "Tradiditional Mortgages: Understanding Your Options"http://feedproxy.google.com/~r/lynnettephillips/~3/WGxuSakIF6Q/comsumer-mortgage-education.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/WGxuSakIF6Q" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/08/comsumer-mortgage-education.htmltag:blogger.com,1999:blog-529652456965532784.post-2875456133692908955Fri, 20 Jul 2007 17:14:00 +00002007-07-20T10:22:16.541-07:00PreapprovalPrequalifiedRates Aren't The Only Reason To RefinancePurchaseDaily Real Estate News July 16, 2007 Confusing prequalification with preapproval can mean disappointment for both a home seller and a buyer. Real estate experts say it's smart to urge buyers to become preapproved by their lender – not just prequalified. For buyers to obtain a bona fide preapproval, they must submit a loan application with the necessary documentation and fee. After the lender http://feedproxy.google.com/~r/lynnettephillips/~3/e8vtrX2Mdbk/preapproved-or-prequalified-whats.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/e8vtrX2Mdbk" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/07/preapproved-or-prequalified-whats.htmltag:blogger.com,1999:blog-529652456965532784.post-7532752921122485835Fri, 20 Jul 2007 17:05:00 +00002007-07-20T10:12:37.711-07:00ResaleSellersBuyersHome ImprovementDaily Real Estate News July 18, 2007It DependsPools can be "a double-edged sword" when it comes to a home's resale value, says Walter Molony, spokesman for the NATIONAL ASSOCIATION OF REALTORS®. "For people who like them they are a plus, but for families with small children it may discourage them from a purchase," he says. After reviewing almost 30,000 home sales in Philadelphia from 1996 to 2003http://feedproxy.google.com/~r/lynnettephillips/~3/nSOb-aNzeuI/do-pools-help-or-hurt-resale-value.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/nSOb-aNzeuI" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/07/do-pools-help-or-hurt-resale-value.htmltag:blogger.com,1999:blog-529652456965532784.post-2942188699554260391Mon, 16 Jul 2007 17:11:00 +00002007-07-16T10:15:27.119-07:00BenefitsGet Started on HomeownershipLease OptionA lease-option is a combination real estate rental, sales and finance technique. It is a property lease for a fixed time period, such as 12 or 24 months, with an option for the tenant to buy the property at an agreed option price during the lease term. Also See The Post "A Lease Option Can Be Beneficial To Many Buyers"http://feedproxy.google.com/~r/lynnettephillips/~3/Lw2qpnpj9HU/what-is-lease-option.htmlnoreply@blogger.com (Lynnette Phillips)0<img src="http://feeds.feedburner.com/~r/lynnettephillips/~4/Lw2qpnpj9HU" height="1" width="1"/>http://helpingufindaway.blogspot.com/2007/07/what-is-lease-option.html