Jonathan Osman, The Charlotte House Hunter Group - Keller Williams Realty
It wasn’t that long ago that you could miss a mortgage payment and not face a foreclosure sale for the next 800 days. Yes, that’s right 800 days is the national average from the first delinquency to the foreclosure sale. Much of that has to do with the way that banks handle delinquent homeowners. Banks, [...]
I just wanted to share with you a recent article written by Jennifer P. Taylor for the Charlotte Magazine featuring myself and attorney Jaime Kosofsky regarding the number of short sales in the Charlotte area. I sincerely appreciate Jen and the magazine for running this piece because it is important for homeowners to realize that [...]
Yes, you heard right. A homeowner forecloses on a Bank of America branch in Florida after Bank of America attempts to foreclose on a house that didn’t even have a mortgage on it.
Probably the second question after “What is a short sale” is what the impact will be to the borrower’s credit score. Thankfully, FICO (the ones that created the credit scoring system that we use today) just released a study where they address just that. They cover everything from mortgage delinquencies to short sale, foreclosure, and [...]
