Category Archives: Short Sales

“I’m behind on my mortgage, I was declined for a Loan Modification and I’m currently facing Foreclosure. What now?”

Posted on May 21, 2013 by Brenda Arcibar

I want you to know, you are not alone.  This is the moment that you’re ready to throw in the towel, agents left and right can’t sell your house because you owe more than what the house is currently worth … Continue reading →

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Short Sales Continue to Become More Common than Foreclosures

Posted on May 17, 2013 by Catherine Aliaga

Recent data provided by HOPE NOW, an alliance of mortgage servicers, investors, mortgage insurers, and nonprofit counselors, suggests that alternative solutions to foreclosure continue to become common place, namely short sales and loan modifications. Loan modifications and short sales are … Continue reading →

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Foreclosures Avoided with 422,000 in Short Sales and 850,000 in Loan Modifications in 2012

Posted on February 20, 2013 by Eartha Wang

In 2012, banks/lenders completed more than 850,000 in loan modifications, at the same time the banking industry continued to advocate another foreclosure alternative—short sales, according to recent report from HOPE NOW, an alliance of mortgage servicers, investors, mortgage insurers, and … Continue reading →

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Obama Administration Reports on Loan Modifications and Foreclosures in January

Posted on February 11, 2013 by Eartha Wang

According to the recent Housing Scoreboard published by the Obama Administration, for the month of January, 14,500 homeowners received permanent mortgage modifications through the Home Affordable Modification Program (HAMP), however, 53,100 homeowners got foreclosed on. Meanwhile, 14,500 homeowners started trial … Continue reading →

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Freddie Mac’s New Short Sale Process Has Begun to Take Hold

Posted on January 28, 2013 by Eartha Wang

  Freddie Mac’s New Standard Short Sale program has been implemented for about three months now and Freddie Mac continues to advertise and spread the words about this new program to the homeowners who are behind on payments about their … Continue reading →

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U.S. RMBS (Residential-Mortgage Backed Security) Delinquencies Dropped in Q4 2012

Posted on January 24, 2013 by Eartha Wang

According to Fitch Ratings, a global rating agency dedicated to providing ratings through independent and prospective credit opinions, research and data, reported severe delinquencies for U.S.  RMBS has shown improvement in all sectors in the fourth quarter 2012. The agent … Continue reading →

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Foreclosure Inventory Falls with Prediction of a Return in Foreclosure Filing Ramping Up

Posted on January 15, 2013 by Eartha Wang

According to (LPS) Lender Processing Services, foreclosure inventory in November 2012 dwindles as mandates from the national mortgage settlement slowed down the pace of foreclosure filings. Foreclosure inventory decrease to 3.51 percent in November 2012, an almost 10 percent drop … Continue reading →

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New Bill for Expediting Foreclosure Process Introduced by Florida Republican State Representative

Posted on January 10, 2013 by Eartha Wang

Florida, the state with the highest foreclosure rate in the country possibly will see a modification in its foreclosure laws that will facilitate the process. This bill attempts to reduce the backlog of foreclosure properties. Florida has had the highest … Continue reading →

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More Short Sales Anticipated in 2013 with the extension of Mortgage Debt Relief Act

Posted on January 9, 2013 by Eartha Wang

A foreclosure agency, YouWalkAway.com ,released a survey obtained from its clients and showed 78% of those who answered claimed  they were walking away from their primary residence.  As a minimum, 74% of all respondents would be qualified for tax break … Continue reading →

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The Truth about being on the Foreclosure list

Posted on January 8, 2013 by Nicole Espinosa

In this article I really want to clear up a lot of confusion and misconceptions as a borrower and maybe even a Real estate agent on the foreclosure process. A lot of times people see the word “Foreclosure” and freak out … Continue reading →

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