real estate investor

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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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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Throwing in the Towel

Posted by Shawn Simpson // November 10, 2021

According to KIOS public radio station, “The real estate company Zillow announced it’s throwing in the towel on a program in which it bought, renovated, and resold homes itself.” Zillow Offers said its backlog bogged down renovations and closings because of labor and supply shortages in the U.S. housing market. Tuesday, the company disclosed that […]

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Would You Buy a Haunted House?

Posted by Shawn Simpson // November 3, 2021

  Did you take your children Trick or Treating? We still have Halloween candy. KMTV3 News asked the question, “Would you buy a haunted house? The unusual business of haunted real estate?” Would you buy a haunted house? A Rocket Homes study says 1 in 3 Americans would. Stigmatized Property Houses in which murder or […]

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