ALBUQUERQUE HOME SELLER TIPS

Friday, January 31, 2014

Can Bankruptcy Stop a Foreclosure action?

Dave Giddens, a local Albuquerque Bankruptcy attorney -

Last year, the number of bankruptcy filings in our state numbered 4,330, a 10 percent drop from the previous year when they numbered 4,810, according to a recent article in The Wall Street Journal.* So why the drop in bankruptcies when our economy hasn't fully recovered? The relationship between the number of bankruptcies and the economy is not what you may expect. In fact, statistics indicate that bankruptcies tend to decrease when the economy stalls and increase when the economy is strong.

Foreclosures, on the other hand, tend to decrease when the economy is strong. In our monthly article, we take a look at how filing bankruptcy may help you if you have a foreclosure pending against you.

"In a Chapter 13 filing, as the debtor, you must propose a feasible plan for repaying
creditors, including the mortgage lender. Your ability to proceed with your Chapter 13
plan depends upon a variety of factors, including your basic living expenses and the
amount you are past due on your mortgage payments. If your plan is successful, your
Chapter 13 case can halt a foreclosure action for a period of three to five years and
bring you current on your mortgage obligation. However, you must pay your normal
ongoing mortgage payments in addition to curing any arrears through your Chapter 13
plan. This is most beneficial to debtors who have had a gap in employment or an
unexpected expense, but are now able to afford their mortgage payments.

If you are facing overwhelming debt and you do not want to lose your home, contact an
experienced bankruptcy attorney to discuss your options. Filing a Chapter 7 or Chapter
13 bankruptcy case may help you save your home and obtain a fresh financial start."

For more information about bankruptcy - contact

George "Dave" Giddens, P.C.
10400 Academy Road NE, Suite 350
Albuquerque, New Mexico 87111
Phone: 505.633.6298
Fax: 505.271.4848







** Metcalf, R. (2014, January 26). Three in a Row. The Wall Street Journal, p. C1.

For buying or selling your home, contact me for a free consultation!

Linda DeVlieg, Associate Broker
COLDWELL BANKER LEGACY
10400 ACADEMY NE SUITE 100
Albuquerque, NM 87111
505-440-7200

www.RealEstateInABQ.com

Friday, January 24, 2014

Welcome Home Magazine - Breaking News

Since 1997, Welcome Home Magazine has advertised the best homes in Albuquerque that are for sale through Coldwell Banker Legacy.

For information on any one of these homes, call me or your broker, today!



Linda DeVlieg, Associate Broker
Previews Property Specialist
Coldwell Banker Legacy
10400 Academy NE Suite 100
Albuquerque, New Mexico 87111

www.RealEstateInABQ.com

505-750-7549

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Search all properties in the Albuquerque MLS, All the Time


Wednesday, January 22, 2014

Buying a new Albuquerque home? DON'T DO THIS!

If you are ready to buy an Albuquerque home, do not do these things while applying for and before closing on the loan.


These are things that sometimes you wouldn't think about, and if you loan officer hasn't reminded you of these a hundred times over, you could delay your closing or completely mess up your loan process.

Remember, it's much harder to get through the lending process now because of new regulations. It used to be as easy as getting a credit card, but not anymore! Be sure that you understand the whole enchilada!

Linda DeVlieg, Associate Broker
Previews Property Specialist
Coldwell Banker Legacy
10400 Academy NE Suite 100
Albuquerque, New Mexico 87111

www.RealEstateInABQ.com

505-750-7549

Facebook I LinkedIn I Google+

Search all properties in the Albuquerque MLS, All the Time




Thursday, January 09, 2014

"I can't sell my favorite mural!"

Have you ever prepared your home for sale, and then been sad that the favorite mural or painted wall would have to be left behind?

You can take it with you! Take some great photos of the painted area, and then have them printed onto canvas. Many frame/photo stores have this service, and you can then take the art with you to the next home. Same for old marks on the wall to measure your childrens' height, or special events that have been memorialized by crayons.

Photo it, canvas it, and frame it like new!

Happy home selling!


For more information on selling your Albuquerque home, call me today!

505-750-7549
Linda DeVlieg, Associate Broker
www.RealEstateInABQ.com

Linda@RealEstateInABQ.com




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About Me

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I believe in a consultative approach to buying and selling homes.  Albuquerque is my home and I love the gorgeous surroundings, the breathtaking scenery and blue skies that are everywhere.

I love the pueblo style homes and the contemporary masterpieces that our artists have created - everywhere there is beauty!