RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Facing Foreclosure? What You Should Know

July 6, 2017 2:42 am

For those of us who own our homes, foreclosure may seem like a nightmare. If you’re looking at a possible foreclosure, there are several things you should keep in mind.  

Three payment rule. Generally, foreclosure proceedings begin after the borrower has missed three consecutive mortgage payments. The lender will record a notice of default against the property. And unless the debt is satisfied, the lender will foreclose on the mortgage and proceed to set up a trustee sale, where the property is sold to the highest bidder.

You have options. If you’re facing foreclosure, you still have a few options. You may be able to refinance the debt or extend the term of your mortgage loan. If you have mortgage insurance, the insurer may also be interested in helping you. The company can temporarily pay the mortgage until you get back on your feet and are able to repay their “loan."

You CAN buy again. If your home was foreclosed on, it doesn’t mean you will never be a homeowner again. But a lot will depend on your circumstances and the mortgage interest rate you are willing to pay. “Generally, most lenders will consider your request for a home loan two to four years after your foreclosure. Predatory lenders will issue a home mortgage in less time.  But beware – they routinely charge high mortgage interest rates, fees, and penalties for this privilege. A quality lender will expect you to show that you have cleaned up your credit.  Providing a reasonable explanation about the circumstances that led to the foreclosure – such as exuberant medical expenses – is also helpful.

Published with permission from RISMedia.


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How to Keep Your Pets Safe From Heat

July 6, 2017 2:42 am

Summertime may mean playtime with your furry family members. Trips to the beach or lake, long walks and zippy car rides can be hours of fun for your pet. But as temperatures rise, it’s important to pay mind to your pet’s health.

Below are four tips from Henry Schein Animal Health.

Heat stroke: Protect your pets from heat stroke, which occurs when your pet's body cannot maintain its temperature in a safe range. Pets can suffer heat stroke if left in a parked car or when exercising strenuously in hot weather.

Housing: Animals that are outdoors need shade and water at all times, though dog houses can become stifling in the heat.

Summer travel: Before bringing pets on a trip, be sure to pack, among other items, health and vaccination records, medications, veterinarian's information, and a first aid kit.

Water safety: When boating on open water, humans and pets should both wear life preservers should an accident occur. Pet parents should also be aware of dangerous currents when animals are playing in rivers and the ocean.

Source: Henry Schein Animal Health

Published with permission from RISMedia.


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