Help, I’m behind in my mortgage payments in Charlotte!

Behind on your mortgage? Read this article for a few tips on what you can to do prevent and avoid foreclosure

When you fall behind in your mortgage payments on your Charlotte home, it can feel like you’re drowning in debt.

Even if you’re able to make your monthly payment, catching up on a past due balance can be an overwhelming challenge.

There’s a few options that can help you to avoid foreclosure in Charlotte and maybe even keep your house, even if you’re seriously behind in payments. Lots of properties in Charlotte have been lost to foreclosure, but there are many ways to avoid it.

1. Bankruptcy:

This is usually the tool of last resort. If you’re being crushed by lots of debt, bankruptcy can be a good way to negotiate with lots of lenders at once. It’s a lot of work, and it won’t help you avoid your mortgage. Different lenders will treat your circumstances in unique ways. You’d benefit from serious professional help – the best you can afford.

2. Reaffirm:

This can be a good card to play, but it may come with some unseen penalties. Basically, reaffirming the loan is an additional commitment to pay. In some states where it’s allowed, an affirmation can create additional liabilities if your property is auctioned.

3. Making Home Affordable (MFA):

If your mortgage qualifies, you might be able to participate in MHA. Any loans backed by Fannie Mae or Freddie Mac must be considered for MHA, and other lenders choose to participate in MFA.

With MFA, your payments and/or interest rates might be lowered – even the principal balance (if your home is worth less than you owe). If you’re unemployed, you might be able to get your payments temporarily suspended or reduced.

MFA is a government program, so be prepared to deal with lots of paperwork. It ain’t free money – you gotta work for it.

4. Negotiate with your bank:

Lots of lenders routinely offer some level of assistance. You have to work hard at it, but you might be able to get your interest rate reduced, or a temporary reduction in your payment.

Most of the time, lenders will want to steer you to refinance your loan – but by the time you’re a few payments behind, you probably don’t qualify for a reduction in interest rate.

You have to work really hard to negotiate with a bank. Usually it takes lots of calls and the patience of a saint to get through the bureaucracy. Never, ever act rude. Ask for help from everyone you speak with, but don’t sound desperate. Explain your situation, offer supporting documents, and reassure the bank that you want to live in your home for the long term.

If you’re in need of a temporary fix and want to stay in your home, most banks can be forgiving. Sometimes they’ll be willing to add a few months of payments back onto the primary balance of your loan. It’s all dollars and cents to them, so remind them that you need their help to give them a lot more money in the long run. If they have to sell your house at a foreclosure auction, they’ll take a huge loss.

That sounds obvious, but for some reason bankers seem to forget it when saying no to someone in need of help.

5. Borrow money from a private investor:

If you’re behind in your payments and need to sell fast, we can help.

In certain circumstances, we may even be able to help you stay in your home.

We work with homeowners in Charlotte to find solutions to foreclosure problems.

We’ll let you know how we can help.

Give us a call now at 704-233-3417 or
fill out the form on this website to get started.

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from Charlotte http://www.truthtimebuyers.com/behind-in-my-mortgage-payments-in-charlotte/

The Importance of Photographing Your Home when Selling

Once you decide on an agent, they will want to take photographs of your home and property. Do not allow them to take photographs of your home until it is completely ready, because the photographs will appear online and in other marketing materials and you will want pictures that reflect your home at its absolute best to show potential buyers.

The vast majority of buyers look on the Internet for homes. Real estate agencies list their homes online, and there are sites, like www.Realtor.com that list the millions of homes on sale with agents who are members of the National Association of Realtors. Photographs are used extensively in these listings to show and describe homes.

The key feature on the real estate sites are photographs. At Realtor.com, once you input your search requirements, a list of homes appears. Under the address appears a photograph, and to the right is a blurb about the home. Click on the address or photograph for more information on a particular home. On the vast majority of listings, four large photographs appear and dominate the screen, with only the address, price, and briefest description above. You need to scroll down to see the specific features. In the center of the photographs is a circle with the number of additional photographs of the home to be viewed. Most of the nicest homes feature 25 photographs.

The quality and ease of use of digital cameras makes taking photographs easy—but your home better look good, or those photographs will turn off buyers. If you do the work in this book, you will be able to show off your home to its best advantage and you will get interested buyers.

Because it is so easy to do so, I recommend that either you or your agent take at least 100 shots inside and outside your home and property. Take pictures on a sunny day, as buyers love light-filled rooms.
Make sure you capture all the best views from inside or outside your home, including focal points, great architectural details, and nature.

Take the same pictures you took as before photographs, too. This will enable you to compare before and after shots, making you more objective, allowing you to see if there are still any problems. It's also interesting to see what you have accomplished!

  Article Source:- Blogspot