|
|
|
Buying Your First Home? Real Estate Agents Are Your Professional Guides. You might be a bit afraid or intimidated by the whole process of buying your first home. As a Highlands Ranch, Parker and Denver real estate expert, it's my job to guide you, from beginning to end. I will take the time to go through each and every step of the buying process. There are no dumb questions! Together, we will consider: - How much can you really afford? - How to qualify for a mortgage. - How much cash you should put down. - How to buy a home with little or nothing down. - What it takes to get approved for financing. What banks and other financial institutions are looking for. - How much your payments will be. - The tax advantages of buying. - Is renting or buying better for you? Tell me a bit about your situation below. I'll get right back to you. There is absolutely no charge, and I offer this to you with no strings attached.  New to the home buying process? Tell me your concerns. Ask me questions. It's my job to help! There's no obligation, and I promise to get back to you quickly...
 |
Foreclosures >5. What Happens During the Foreclosure
- Missed payments. The first sign that foreclosure is coming is when a homeowner gets behind on their house payments. Lenders usually understand if a homeowner falls behind on one or two payments and will offer repayment plans so the homeowner can get back on track. However, if they don’t, the foreclosure process will continue.
- Lender notices. After a homeowner misses payments, the lender will get in contact with them either by mail or phone. (The timeframe depends on the lender.) The lender will most likely want to avoid foreclosure as much as the homeowner, so this dialogue can benefit the homeowner in finding alternatives to foreclosure.
- Options are discussed. The homeowner and the lender can brainstorm ideas on how to rectify the situation. If the homeowner and the lender can come to an agreement on payments to get the mortgage back on track, the situation is resolved and foreclosure is avoided.
- Foreclosure filing. If there is no solution to the process, the lender will begin filing a lawsuit to foreclose on the home. This brings the question of foreclosure before a judge. During this process, a title search must occur to make sure if the lender is permitted to foreclose and is not engaging in unjustified foreclosure. In some jurisdictions, court-ordered mediation must take place between the lender and the borrower after the borrower is served with the foreclosure suit, but before the final foreclosure decision, as a last-ditch effort to avoid foreclosure.
- The home is foreclosed on. The lender resumes all rights and responsibilities of the property. The previous homeowner no longer owns the home.
- Foreclosure auction. Usually, the house will then go to a foreclosure auction to be sold. In order to get rid of the home fast, the lender can sell the home at a lower price.
|
|
| Q |
The upper walls of what famous holy temple are lined with gold?
|
| A |
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs. |
 See More Real Estate Trivia > |
|
|
|
Erica Chouinard
Coldwell Banker Residential Brokerage
8490 E. Crescent Parkway
Greenwood Village, CO 80111
Direct Cell: 720-233-6481
Fax: 720-221-0661
Office: 303-409-1300 ext 1226
My Assistant, Lisa: 303-671-1387
Direct Email: Erica@DenverCoHomes.com
My Assistant's Emal: Lisa@DenverCoHomes.com
When I first began my real estate career in 2001, I saw it as an opportunity to work with all kinds of people while helping them during one of the most important decisions in their lives, the purchase or sale of a home. Selling real estate has evolved into much more than just a business career: it is an experience I treasure everyday.
Patience balanced with perseverance is the approach I use with my clients in regards to their real estate needs. This involves taking the time to discover the client’s must have's plus their wish list while also educating them in all the details associated with buying and/or selling a home.
Aggressive negotating and a high level of professionalism are paramount in my business philosophy. With four full time agents and a full time assistant, you can rest assured your real estate needs will be taken care of!  
www.denvercohomes.com
is brought to you by Erica Chouinard, real estate for
Highlands Ranch, Parker and Denver, Colorado
Read Erica Chouinard's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
|
Diamond NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT® 
