Shelda Hodges's (ssalediva) Blog

Bank of America Shrinks Window for Short Sale Backup Offers In an effort to shorten overall cycle times, Bank of America has reduced the window for submitting a backup offer on a short sale from 14 days to eight days after the initial offer becomes invalid. Once a backup offer becomes necessary: ...

  Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled.  But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll.  Since 2007, 7.9 million homeowne...

Credit Score Issues   Your Mortgage problems don’t have to  bring down everything you’ve  worked for   Keeping up your credit score is important, right? It helps with securing loans and can keep interest rates low. Plus, a good score won't challenge future employment or security clearance.   This...

Deficiency Judgement A deficiency judgment is an action taken against a debtor or borrower whose foreclosure sale or short sale did not cover the entire mortgage debt owed to the lender. A lender’s ability to pursue this course depends on the conditions of the original loan.   A significant benef...

Mortgage Crisis Easier   SOLVING YOUR PERSONAL MORTGAGE CRISIS JUST GOT EASIER!      When you or someone you care about is facing the prospect of losing a home to foreclosure, the emotional strain can make the challenge seem unbearable.   I can help you break free of the strain and take control o...

What if bankruptcy wasn't your only option? With more than one in seven mortgages currently not being paid, the financial crisis is affecting millions of homeowners across the country. Some are considering bankruptcy as an option to foreclosure, but there may be options to avoid both. Conducting ...

On the Edge of Losing Your Home? Here's a Lifeline. Is anyone you know struggling to make mortgage payments? With millions facing foreclosure today, chances are someone you know is in this situation.   As an agent with the Certified Distressed Property Expert designation, I am extensively trained...

MLS # R3237219 @ $1,045,000.00 4BR 4BA 1HB 2.5GAR POOL LIV. SQ -3787 TOTAL 4739   Old Palm Golf Club is a brand new Golfing Community located in Palm Beach Gardens. Old Palm offers all the amenities of a country club as well as caters to the ultimate golfer.   Old Palm Golf Club is known for its...

Think the Foreclosure Freeze Will Save Your Home?   If you or someone you know is having trouble making mortgage payments, you may be paying special attention to the foreclosure moratorium that politicians are calling for in the press.  The reality of a foreclosure moratorium is that it will end,...

Two ways to sell a Home that is hard to sell     Due to strict financing requirements, more real estate transactions will continue to fall apart (go south). Seller may be required to do more &/or get creative in an effort to sell their properties. Options to consider: (2)   Assumable Mortgage: - ...