Shelda Hodges's (ssalediva) Blog

Fannie Mae & Freddie Mac Announce an “Eviction Moratorium” for the Holidays The holiday season should be a magical time of year. However, for a growing number of families, the usual holiday celebrations are trumped by financial troubles, foreclosure and the looming threat of eviction. Fannie Mae ...

Common Predator Tatics If a deal to buy, repair or refinance a house sounds too good to be true, it usually is!     A lender or investor tells you that they are your only chance of getting a loan or owning a home. You should be able to take your time to shop around and compare prices and houses. ...

Anyone can be a Victim of Predatory Lending It’s not always easy to determine if you’ve been the victim of an illegal or irresponsible lending transaction. When shopping for a mortgage loan, homebuyers need to be aware of predatory or abusive lending practices. These unscrupulous activities can i...

Ten Tips to Remember   Get Educated About Bank of America Short Sales   Set Expectations: Short Sale Realities   Get Outside Liens Released As Soon As Possible   Check Documents Before Uploading Them   Complete TasksPromptly   Work to Sell the Property at Fair Market Value   Fully Execute Offers ...

BofA Gets Up Close and Personal with Distressed Homeowners   BofA Gets Up Close and Personal with Distressed Homeowners According to DSNEWS BofA has organized 45 outreach events to get infront of Distress Homeowners in local markets across the country where the lender is seeing high levels of mor...

What are your alternatives to foreclosure?   With all the information out there concerning the alternatives to foreclosure, finding the right solution for your needs can often be confusing and discouraging. Regrettably, more than 7 out of 10 homeowners facing foreclosure will proceed without ANY ...

Take action now to turn it around in 2012 Recent economic upheaval has taken a hefty toll. Looking forward to 2012, it’s impossible to know what’s next and the kind of an impact that an upturn or a downturn at the national level stands to have on your family’s finances. Regardless of what happens...

Feeling Financially Squeezed       Did you know nine trillion dollars of home equity has been erased over the last four years? Or that the total number of foreclosures has jumped at least 40% per year since 2006? Economists expect another record number of foreclosures in 2011!       The good news...

Short Sale vs. Foreclosure? You make the call! I get the question from people all the time: short sale or foreclosure, which is the better option? My knee-jerk reaction is always “Are you kidding? Short sale, of course!” This has been mostly because I was always under the impression that a short ...

The Very Latest -Iraq. By Mary onDecember 18, 2011 President Obama sent a message this morning on the end of the war in Iraq: Early this morning, the last of our troops left Iraq. As we honor and reflect on the sacrifices that millions of men and women made for this war, I wanted to make sure you...