Contact a Professional Real Estate Investor

Posted by Shawn Simpson // January 19, 2022

You may want to sell your home fast to get out of foreclosure or save your credit rating. Contact a professional real estate investor.  Styl Properties, Inc. is here to help homeowners out of a distressing foreclosure situation.  There are no fees, upfront costs, commissions, or anything else.  Just the simple truth about your home and how we […]

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A Deed in Lieu of Foreclosure

Posted by Shawn Simpson // January 12, 2022

Just the word foreclosure is enough to strike fear into the hearts of homeowners. The idea of losing the place we call home because we have fallen behind on our mortgage payments is terrible. If you are facing foreclosure, another way to avoid foreclosure is to seek a Deed in Lieu of Foreclosure A Deed […]

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Bankruptcy Stops a Foreclosure

Posted by Shawn Simpson // January 5, 2022

If you’re a homeowner who has fallen behind on your mortgage payments, you run the risk of foreclosure. When a  mortgage lender or servicer forecloses gives you notice that your loan is in default, it will also give you a notice of a scheduled foreclosure sale. If you’re unable to catch up on your payments […]

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Stop Foreclosure by Selling Through a Short Sale

Posted by Shawn Simpson // December 29, 2021

You may be able to stop a foreclosure by selling through a short sale with the bank’s permission before the foreclosure process begin s. A pre-foreclosure sale, also known as a short sale, allows homeowners to sell their home at current market value and use that money to satisfy their mortgage. Stop Foreclosure by Selling Through a Short […]

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Reinstating a Loan

Posted by Shawn Simpson // December 22, 2021

There are nine ways to stop a foreclosure. Let’s look at the first, reinstating a loan. Reinstating a Loan  Nolo says, “A “reinstatement” occurs when the borrower brings the delinquent loan current in one lump sum. Reinstating a loan stops a foreclosure because the borrower catches up on the defaulted payments. The borrower also has […]

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Losing Your House to Foreclosure

Posted by Shawn Simpson // December 15, 2021

According to a Black Knight’s report published in October, home equity may not save some borrowers in forbearance from losing their house to foreclosure despite record-high home prices. Since 2010, around 10% of borrowers with more than 120 days in delinquency found themselves in foreclosure, regardless of their equity. However, in a report published last month, Black […]

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House Prices are Rising

Posted by Shawn Simpson // December 8, 2021

House prices are rising three times as fast as the cost of living. Prices are up 27% in the last two years. As a result, people are again “taking out” equity, going further into debt. That works for a while because you are paying off debt in cheaper dollars. House Prices are Rising The median […]

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Do I Really Need Homeowners Insurance

Posted by Shawn Simpson // December 1, 2021

There are a lot of costs associated with owning a home besides your mortgage payment. You have utilities, maintenance and repair costs, property taxes, homeowner’s insurance, and possibly an HOA (homeowners association) fee and private mortgage insurance. It’s not uncommon to look for ways to reduce your costs. For example, you might ask yourself, “Do I really need homeowners insurance? […]

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Happy Thanksgiving

Posted by Shawn Simpson // November 24, 2021

Happy Thanksgiving.  This has been quite a year with new 30-yer highs in inflation and Covid still with us. Of course, every year has problems, but my family likes to focus on gratitude on this holiday.  I am grateful for our family’s health, for all our friends’ health, and the readers of this blog. Happy […]

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The Major Rehab Business

Posted by Shawn Simpson // November 17, 2021

I don’t know what happened to Zillow, other than they seemed to have overpaid for the houses they bought, and now they will take some millions of dollars in losses. They seem to have been in the major rehab business. Properties that need a major rehab can be some real moneymakers. Experience suggests that the worse the […]

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