PruCalVoices

Nothing Personal…It’s Business!
May 29, 2009 · · 8 Comments

You’ve lovingly taken care of your house for years, have loads of memories, plans for your future and you assume that all these factors will add value for a buyer. Or you’re a buyer and while the neighborhood you like is a little out of your price range, you want to write offers because you grew up there and want your children to have the same experience. Here’s the problem…if you are the buyer, the seller isn’t interested in your story and sellers, a buyer doesn’t really care about the sentimental attachment to your home. In short, buying or selling a home is a business transaction pure and simple. Read more

Roweena Nastor

Refinance, Loan Modification or Short Sale?
December 17, 2008 · · 6 Comments

Refinance, Loan Modification or Short Sale?

This is the biggest homeowner question when I attended a Foreclosure Help Clinic this last weekend.  There’s no magic answer to this…it’s a case by case basis and really depends who the lender is or are when there’s more than one loan.  Each lender is different.

Refinance – when you owe more than today’s fair market value of your property or if your income status has changed for the worst then refinancing may not be an option for you.

Loan Modification – when you want to keep your property because it makes more sense to stay than rent; when your income status has changed for the worst due to illness, job lost or decrease income, death, divorce… Read more