Obama Plan to Save Homeowners
Mr. Obama has rolled out his new plan to help homeowners. Check it out! Direct Link to Mr. Obama's Plan via The Department of The Treasury Read the Q&A's for a broad-stroke understanding. More to come! Kris 714-615-7605
Short Sale Lenders Are Collecting Per-Diem For Not Closing On Time
It's starting to get harder, and more expensive to get extra time to get extensions on Short Sales... Most of the time lenders allow about 30 days to close once they issue an approval, and that's not very long considering all of the hoops a buyer has to jump through...
Loan Modifications…March 4th…President Obama says help is on the way!
I've been reading in detail the "Homeowner Affordability and Stability Plan". One thing for sure, nothing is really for sure! So much is left up to lender discretion, I was hoping to see "mandatory principal balance" redutions in areas that a loan modification will do...
Obama Recovery…Will it Help?
After reading through President Obama's latest package Homeowner Affordability and Stability Plan, it appears to be a good for the time being... Allows for refinancing of your Fannie Mae or Freddie Mac loans even if your upside down. Incentivizes lenders with bonuses...
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