Category Archives: Homeowner Information

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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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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Managing DIVORCE in a Short Sale

Posted on December 21, 2012 by Nicole Espinosa

  Managing Divorce in a Short sale Can be tricky. Watch this quick 5 minute video for tips on how we do it. If you have any questions or comments please do not hesitate to contact us. We are here to … Continue reading →

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It’s a Sellers Market! How this benefits YOU

Posted on December 13, 2012 by Nicole Espinosa

When interest rates dropped drastically due to the economy to promote home ownership it was a “Buyer’s market”. Buyers were able to get loans with as low as 3% interest rate! They were making lower offers for properties and sellers … Continue reading →

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Managing Death in a Short Sale

Posted on December 12, 2012 by Nicole Espinosa

Occasionally in a short sale, one of the owners or a spouse has died, or an owner or spouse died during the short sale process. This is a manageable situation, but it requires more work on the part of the … Continue reading →

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Freddie Mac Standard Short Sale New Guidelines

Posted on December 12, 2012 by Eartha Wang

Freddie Mac has recently made several changes to its standard Short Sale process which will greatly improve the interval for the approval of Short Sales.  Below are the highlights of these changes. These changes were effective as of November 1, … Continue reading →

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Foreclosure Prevention Series

Posted on December 5, 2012 by Nicole Espinosa

  There are many ways to prevent Foreclosure. Do you know your options? Do you know that walking away from your mortgage does not have to be the answer?A lot of times homeowners feel that they do not have options … Continue reading →

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Homeowner Advocates and Mortgage Lenders Join in Supporting Extension of Mortgage Debt Relief Act of 2007

Posted on December 5, 2012 by Eartha Wang

  The Mortgage Forgiveness Debt Relief Act of 2007 alleviates stressed and delinquent homeowners from having to pay taxes on any portion of their mortgage debts forgiven by mortgage lenders through  short sales, loan modifications or principal forgiveness. This act … Continue reading →

Posted in Foreclosure, Homeowner Information, Housing Trends, Short Sale Market News, Short Sale Realtor Tips, Short Sales | 1 Comment