Foreclosures and Loan Modification Programs The state Senate passed a bill that bars lenders from starting foreclosure proceedings against borrowers until after they’re found to be ineligible for a modification. We urge the Assembly to move the bill forward. Despite the vital interest that both lenders and borrowers have in avoiding money-losing foreclosures, the number […]
Category: Real Estate
Home Sellers Slashing Prices, While Banks Mow the Lawn That heady buzz from the home buyer tax credit is now turning into a grinding headache, as home sellers realize their very temporary, government-induced catbird seat has now fallen back to earth. As of July 1st, 24 percent of sellers on the market had cut their […]
Owners Stop Paying Mortgages, And Stop Fretting For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling […]
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GET HELP! SAVE YOUR HOME for FREE
GET HELP! SAVE YOUR HOME for FREE GET HELP! SAVE YOUR HOME for FREE DON’T MISS THIS EVENT! MUST REGISTER PRIOR TO EVENT (626) 606.5037 events@myhomeownerhotline.com Are you having trouble making your mortgage payment? Have you lost income? Or lost your job? Have you called the Mortgage Company and you don’t know what to do? […]
Highlights * Loan modifications stave off foreclosure, but damage credit. * Modification causes credit score damage that lasts for long time. * On-time payments can help reverse credit score damage. Mortgage loan modification and credit scores Homeowners struggling to make their house payments may seek a mortgage loan modification in hopes of avoiding foreclosure and […]
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HAFA – What in the World is This?
What is HAFA? What’s happening in the housing market? What’s being done about it? Learn about the government’s new HAFA program, providing foreclosure avoidance options including short sales and deeds-in-lieu of foreclosure. Here’s the big picture, clearly explained.