Nicole Espinosa's Blog Posts

What Should I Do If I Fall Behind On My Mortgage Payment

If you are worried about falling behind on your mortgage, here is what you need to know:Is your current situation a short term situation or a long term hardship?Why is this important? Most people

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When Should You Consider A Short Sale

If you’re behind on your mortgage payments or you know that your income will not be sufficient to make the payments going forward, it may be time to consider a short sale on your home. A short

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Calculating Your Debt To Income Ratio In 2 Easy Steps

Calculating Your Debt-to-Income Ratio in 2 Easy Steps Have you ever sat down and calculated exactly how much money you spend each month on bills? If so, you are already halfway to calculating

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How Do I Know Its A Short Sale

There are many different ways your client can end up in a short sale situation. No short sale is the same and sometimes it is hard to identify if your client is in a short sale or not. Here are some

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If You Completed A Short Sale You Can Now Purchase Sooner

Exciting news for our past clients and sellers who have completed a short sale!!The mandatory waiting period to purchase a new home after doing a short sale has now been reduced to 2 years. Prior

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If It Sounds Too Good To Be True It Almost Always Is

Unfortunately, when you are in foreclosure you are constantly being solicited. You will get mail, phone calls, and knocks on your door once your address goes on the foreclosure list. This can be

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Tips For Representing A Buyer In A Short Sale

 1. Ask the right questions!When speaking to the listing agent, here are some MUST ask questions: Is this an approved price? How far along are the sellers in the process?Is this the only

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How To Avoid Income Tax When You Do A Short Sale

On December 18, 2015 president Obama signed the Mortgage Forgiveness Tax Relief Act of 2015. This bill extended the benefits of a 2007 bill which allowed homeowners who had gone through any kind

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Why Do Short Sales Fail

Despite the name short sales are not a “short” process. If done correctly, the short sale program is a highly beneficial program to the seller.  However, there are so many ways a short

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Short Sales VS Foreclosures

Lets clear the air.I hear people using short sales and foreclosures interchangeability almost on a daily basis. That leads me to believe that most people do not understand the two processes. Short

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How Are There Still Short Sales In A Good Market

When I tell people I do short sales, this is the first question I get: “How are you still in business when the market is so good? Prices are going up, how are their still short sales?”  

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Why A Short Sale Takes So Long

Why a short sale takes so longGenerally, when a buyer thinks about a “short sale”, they think about distressed sellers and good deals. The name can be misleading as a short sale can be a

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DFW Pumpkin Patches

DFW- Pumpkin Patch ListIts that time of year again!!  If you're looking for Pumpkin Patches in Dallas area, we've got the list for you! Several pumpkin patches will even allow you to pick

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Frequently Asked Questions In A Short Sale Part 2

If you missed our previous article for part 1 you can view it here: http://nicoleespinosa.jphomesforsale.com/blog/Frequently+Asked+Questions+In+A+Short+Sale+Part+1Q- When should I start the short

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Frequently Asked Questions In A Short Sale Part 1

When it comes to short sales there is a lot to discuss, so I am going to do it in 2 parts. Q: What is a short sale?A: -A short sale in real estate occurs when the outstanding loans and

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Interest Rates Left Unchanged And What It Means To You

Why should you care about the impending increase in interest rates? As a consumer, you pay interest on the money you borrow. Interest rates effect everything from your credit cards and auto

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Little Elms Newest Development

Psst! Guess what? Little Elm is growing.  Come home to this wonderful hidden gem that's surrounded by the beautiful, Lake Lewisville. Since more families have become more

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Being On The Foreclosure List And What It Means

In this article I really want to clear up a lot of confusion and misconceptions as a borrower and as a Real Estate Agents on the foreclosure process. Often people see the word FORECLOSURE and freak

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Should I Do A Loan Modification

Should I do a Loan modification?Why would someone want to do a loan modification? Maybe they need to reduce their monthly payment, or reduce their monthly interest rate? This can all be done

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Sell Your House The Right Way

OK, so you made the big decision to sell your house but is it ready to be put on the market?  We'll go over some ways to improve your chances of making your transaction a smooth and

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The Colony Is Booming

The beautiful shoreline of Lewisville Lake with two major peninsulas is why The Colony is nicknamed the "City by the Lake".  This setting is the city's backyard.  The homes here are

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Lenders Hate Foreclosures

I get asked this question all the time; “why would my bank want to do a short sale when they can just foreclose?” The answer is simple when you think about it. Foreclosure is expensive. At the

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Things To Do In Lewisville

It's that time of year!  School is nearing to an end, the sun is shining and the temperature is rising...it's Summer in Texas!  What's a great way to cool off during the Texas heat?

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Little Elm The Town With A Lake Attitude

It's Monday! Time to feature a hot area.....LITTLE ELM! So what makes Little Elm a great place to get your feet wet?It has a small town charm but yet close enough to the city

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Why Would I Ever Use A Real Estate Agent

    A good realtor is there for you every step of the way during your home transaction, making the process seem simple and easy.  If you haven’t spent time with a real

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Can I Purchase A Home

Down Payment Assistance,100% Financing,3.5% Down,Good Credit,Bad Credit, Lease to Own.You have OPTIONS!A lot of people call our office thinking about purchasing a home. Some believe they cannot

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What Does The List Price Mean In A Short Sale

What does the list price mean in a Short Sale?In a Short Sale your bank is ultimately going to pick what they will accept in order to approve your Short Sale. A Short Sale transaction is very

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