Mexico MLS - Multiple Listing Service
Cancun MLS - Playa del Carmen and the Riviera Maya properties
Over 3000 properties in one website
http://www.bolsainmobiliariamexicana.org.mx/
Cancun Real Estate - Luxury Properties - Cancun MLS
Cancun Real Estate - Luxury Properties - Cancun MLS
Cancun and The Riviera Maya Real Estate - Playa del Carmen
www.ricardobarraza.com
Cancun Luxury Residences - Luxury Properties
Cancun Luxury Residences
The number one source for luxury homes for sale in Cancun
Our extensive list of luxury homes for sale enables you to search and browse unique properties from Cancun, including Bahia Mujeres, Riviera Maya, Mayakoba, Banyan Tree, Capella Bahia Maroma, Nizuc luxury Residences,Playa del Carmen and Mexico.
luxury residences in cancun for sale,luxury homes, luxury condos,luxury real estate
http://www.cancunluxuryresidences.com/
Cancun Luxury Villa Rentals - Condos and Vacation Rentals
Cancun Luxury Villas Rentals - Whether you need a Luxury Villa, or a Resort in the perfect oceanfront setting for your dream vacation, Cancun Luxury Villa Rentals has what you want. Choose from many unique properties throughout the Cancun area.
http://www.cancunluxuryvillas.com
Miami Real Estate Boasts Value and Tradition
Note that there are really fun things to consider when you tackle the subject of real estate investing. Well as for me one of the perfect places to invest in real estate is in Miami. We all know that Miami is a popular vacation spot in Florida. Whether you are visiting the downtown area or sandy, white beaches, there are plenty of things to do in this town. This area fuses beach locations with entertainment, sports, arts, culture, and attractions. It is best known for its high rise buildings and contemporary downtown designs. So, with that being said, let me tell you that the real estate plus of the area is really well-known. More and more people are trying to make it a good habit that investing in Miami is a good thing to do, as said earli...
Website Answers Readers' Real Estate Questions in New Column
Popular real estate news and information website has received many questions from site visitors. GoToby.com (http://www.gotoby.com) has begun publishing representative questions and its responses in "Dear Toby," a new website feature.
What Is A Bank Foreclosure And What To Do About It?
Banks are in lending money business and not in real estate business and the last thing they want is to end up owning another piece of real estate. Knowledge is one of your greatest allies in a bank foreclosure proceeding.
Checker Sedan Voted Best Transportation Service
Checker Sedan, the official luxury sedan service of Detroit Metro Airport, was recently named a winner in Michigan Meetings & Events magazine's Best of 2008 in the Transportation category.
US Stock Investors Find Shelter in Virtual Real Estate by Becoming Big Fat Rich Losers
The awaited release of the Big Fat Rich Loser Network is finally coming
Entrepreneurs Crouse and Boudreaux Develop Stay Orlando Resorts.com: The Hospitality Management Landscape is About to Move Forward
The Hospitality management landscape is about to move forward.
The Synergy Hospitality Group, LLC, which has become known for their established "No Boundaries Promise" owned by Raymond Crouse and Kevin Boudreaux, long time Florida hospitality professionals, develop Stay Orlando Resorts.com enhancing the uniqueness of the Orlando market by introducing a variety of properties that reflect the diversity of their portfolio and the various price points that are suitable for the ever increasing economically challenged vacationer.
Oscommerce Shopping Cart - Is It The Best Product On The Market?
As you go about the task of developing and designing a website for your Net based business, you will find yourself stewing over what sort of shopping cart program to incorporate and integrate into your website. This can be a very complicated, challenging and even frustrating task. There are so many different shopping cart software programs on the market today that choosing which one will be right for your particularly operation can be a daunting task. One of the most popular shopping cart software programs on the market today is the osCommerce Shopping Cart. You may have heard more that a few times that the osCommerce Shopping Cart is the best product in the market. Through this article, you will be provided with some basic information...
'Memel Residence' -- The Most Attractive Real Estate Project in Bankso
"Memel Residence" -- situated in the fastest developing mountain resort in Europe -- BANSKO. With investments of over 150 million Euro being poured into the resort for modern lifts and diverse ski-runs, Bansko has become a most popular skiing resort in the last years.
Tax Sheltered Asset Protection and Appreciation in Paradise - Free eSeminar on Costa Rica Real Estate
Costa Rica has one of the most appealing investment environments in the world. One of the reasons being its tax system is much less complicated than the United States, Canada and Europe, offering great tax incentives for foreign investors, including tax free transactions. Such conditions, definitely contribute to Costa Rica's real estate market boom
Home Appliances | Online Shopping - That's What You Need!
During holidays, people prefer doing shopping as the rest of the days they are not able to do so due to their workload which they have in the office or at home area. But sometimes going out to different number of stores can be very irritating and tiring, this can be avoided with the advanced technology which gave us the benefit of online shopping. This online shopping helps you to enjoy shopping at the comfort of your own computer, so no more waiting in the long lines or fighting for the last toy on the shelf. Through online shopping all your shopping can be finished at once, whether you are planning to gift your love once or take a brand new home appliance or replace the damaged one then you are at the right place with this portal. There a...
Legendary Home Shopping Host Bob Circosta Takes a Swing at the GOLF CHANNEL
America's original shopping host to appear on reality TV show "Fore Inventors Only."
Online Shoe Retailer Tracks Summer Footwear Trends to Simplify Online Shoe Shopping
Online shoe retailer, www.Elotta.com, simplifies the summer shoe shopping experience for buyers looking for the hottest footwear trends for this summer by collecting and using sales data to rank popular brands and styles.
LendingTree.com Shares Tips for a Smooth Real Estate Closing
Foreclosure: Act fast or you may lose your house
Fraud and fast-dealing is resulting in thousands of house owners in America becoming homeless. Foreclosure is a tool that they are using.
Baby Discount Shopping Website, KidsBargains.com Offers Deals on Kids Furniture, Toddler Bedding, Infant Feeding, Baby Bath Products
Online shopping for toddlers and babies has just gotten much easier and less expensive with the grand opening of KidsBargains.com. The site offers deals on hundreds of products and is a one stop place for all infant, toddler and baby needs.
|
 |
 |
Matt Martin Real Estate Helps Northern Virginia Couple Escape from Upside-Down Mortgage
Bristow, VA (PRWEB) March 4, 2008 -- Matt Martin of Matt Martin Real Estate arranged a short sale (http://www.96short.com/what_is_a_short_sale.php) to help Jordan and Holly Santiago escape from an upside-down mortgage.
The Santiagos' mortgage payments were going up and the value of their home was going down. With the collapse of the real estate market, they owned more to the bank than their house was worth. Martin and his team of short sale negotiators arranged a short sale with the Santiagos' lender. The short sale saved the couple $150,000 and enabled them to buy a new house with a mortgage they can afford.
They thought negative amortization loan would save them money:
The Santiagos signed on for a reverse amortization mortgage in 2006 as part of a refinance of their two-year-old home in Bristow, Virginia. They bought the home for $630,000 at the height of the market in late 2004. They were paying $4,300.00 a month on a 30-year fixed mortgage.
"We weren't one of these sub-prime types of people," said Santiago. Both Santiagos are employed. He is a network engineer and Holly is a small-business banker. "If we have stayed with our fixed-rate loan, we would have had no problem, but we were led into the negative amortization loan by someone we thought was our friend.
"After our first year in the house, we were approached by a mortgage broker about being able to reduce our monthly payments," said Santiago. "We thought he had our best interests at heart. He introduced us to this new loan. We didn't pay attention to what negative amortization was or to the prepayment penalties."
They refinanced the house with the negative amortization loan and were paying $3,200.00 a month.
They were in an upside-down mortgage situation:
Several months into the loan, the Santiagos found themselves in an upside-down mortgage situation -- owing more to the bank than their house was worth.
"I usually just pay the mortgage over the phone," said Santiago. He did this for several months and then received a notice in the mail from their lender that there were several payment options on the loan, including a fully amortized payment which was $3,000 more than the Santiagos had been paying. The notice also informed them that there was a ceiling on the loan amount, which they were approaching.
With a negative amortization loan, the homeowner pays only part of the interest and the remaining balance of the interest is added to the principal owed on the mortgage. This causes the balance owed to increase each month.
"We knew there was no way we could maintain these payments," said Santiago. "We decided we would put the home on the market and cut our losses." That was July 2007. By this time, they owned nearly $700,000 because of the negative amortization and, because of the drop in the real estate market, the house was worth only $550,000.
Their realtor did some research and found Martin, a Northern Virginia realtor who specializes in short sales. Martin worked with the Santiagos to accomplish the short sale, save their credit and help them find a new house they could afford.
"After talking with Matt and his group, we felt they had a good solid team to get us through the process," said Santiago. From start to finish, the short sale process took about five to six months. They closed the short sale on January 15, 2008. Martin's group negotiated with the lender to write off the $150,000 difference between the loan and short sale. The lender only asked for $5,000 in return for the write-off.
"I didn't have to deal with the bank. Matt and his team did everything for me. They got us through this pretty gracefully," said Santiago. "We've been told that this process will not be listed on our credit as a foreclosure but as a 'closed-paid' debt settlement."
Meanwhile, Santiago and his wife have bought another home in nearby Gainesville, Virginia. They paid $406,000, including all closing costs. They have a 30-year fixed rate loan with payments they can afford.
About Matt Martin and 96short.com:
Martin (http://www.mattmartinrealestate.com/matt-martin-real-estate/the-executives.html), president of Matt Martin Real Estate, LLC, and part of Re/Max Distinctive, specializes in short sales. He has assembled a team of experienced short sale professionals, who negotiate with the lender on behalf of the homeowner. Martin works with an attorney, Doug Callabresi of the Green Law Group, P.C. (http://www.greenlawgrouppc.com/)
Martin and Callabresi have launched a Website -- www.96short.com -- to help educate overextended homeowners in Virginia, Maryland and Washington, D.C. Homeowners can find information on the Web site or by calling 888-96short (toll free).
Martin's team of short sales negotiators has closed more than 10,000 short sales and foreclosure prevention cases in 14 years. He says that if they were to put an average on each case over the past 14 years, they would value them at no less than $100,000 each or $1billion in savings to consumers.
For more information, please visit www.96short.com or call 888-96short toll free.
###
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
|
