Part 4: Foreclosure and mod offers. Your loan mod appears like you’re making some progress and you are actually starting to get a hopeful. At the same time, you’ve got that gnawing feeling that the… Read More
Part 3: Keeping the Pressure On After you’ve gone through the initial collection of your data, submitted all the paperwork and started your conversations, what happens now? You call and follow up. In the beginning… Read More
Part 2: What Now? Now that you’ve assembled everything, and when I say everything, I’m talking a couple hundred pages everything, you are ready to fax the paperwork in. You’ve numbered the pages and created… Read More
This is updated from the original series first published in September 2011. Part 1: Getting Started Stop paying on your loan (no I can’t say that even though it’s true). If you are current the… Read More
The following is an excerpt from a recent experience… Dear Tim, We need to speak with you about our situation. My husband has lost his job after having his income decline over the past several… Read More
Peter Finch in Network, remember? Well I’m glad that’s over. What? Didn’t you hear? The banks are settling the foreclosure debacle for $25 billion… that’s billion with a ‘B.’ I guess that means it’s all… Read More
Selling short sale properties is a reality most Realtors have come to accept. This past week I received an offer on a short sale listing, where my seller had already tried to modify their loan… Read More
If you are behind in your payments and you live in California, you better contact your bank and discuss your options and you need to do so quickly. In all likelihood you’ll need to hire… Read More
As I’ve been saying since the Government’s near shut down in July/August, America’s home buying confidence has been shaken. The National Association of Realtors Pending Home Index has been pointing to a decline in price… Read More
As many of you may recall I sent an open letter to the President last month begging for a refinance relief plan for underwater, but current borrowers. Yesterday the Federal Housing Finance Agency (FHFA) announced… Read More