Home Buddies – Houston Credit Repair Coach for Investors and Homeowners

What Happens When a Foreclosure Sale is Postponed?

This article is in response to an email but it is a common enough question that I figured I should write about it. Several things can happen once a mortgage company agrees to postpone your foreclosure. The main question once your foreclosure has been postponed is, “What is my plan?” Your plan will greatly depend on how much time you have before your lender attempts to foreclose on your home again. In this post I will explain the three time frames you could have depending on your particular plan.

Holly Hooper ‘Decodes the Lingo’ on Short Sales

Holly Hooper does an excellent job in her article decoding the often misused term ’short sale’. Many people mistakenly call purchasing a home below market value as a short sale. However, it is a negotiation process with the mortgage company where an…

Losing a Sale to Foreclosure? Get a Postponement.

It’s not uncommon that Realtors, or real estate agents in general, lose a sale because the property is going or went into foreclosure. I often ask the agent selling a property, “What are you doing about the foreclosure?” These are a…