New California Law Means "No Recourse" for Liens on Successful Short Sales
We've been writing about this...why? It's amazing! For many Californians, the fear of future recourse or bill collections after a short sale halted many prospective short sales from going through...well no more worries. Learn more about this new law here... CCP...
California Senate Bill 458 Passes…No More Collections on Mortgages after Successful Short Sales
Yes...it's true...Governor Brown signed into law SB 458 amending CCP 580E . That means if you're a homeowner or investor of a Single Family Residence property or a 1 to 4 unit rental property and it's not held in a corporation, LLC or other Joint...
No Deficiency If You Short Sale In California! Don’t Just Walk Away…Second Lien Holders Can Collect When You Foreclose
July 15th, 2011 was a great day for homeowners in California. Senate Bill 458 was put into law and this bill stops second lien holders from future collections WHEN you complete a short sale. This is a huge win for homeowners and investors. This law covers...
Homeowner Short Sale Question And Answer Workshops Avoid Foreclosure
As a homeowner you have options. Bottom line, our Government and your mortgage company does not want another foreclosure to happen. There are Government programs in place that give homeowners that completes a successful short short sale cold hard cash. Your...
30 year Interest Rates average 5.01%…Let us do your Loan Modification.
The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971. Even if your not faced with the loss of your property, you should consider a mortgage modification or loan mod. We offer this service with no upfront fees and ask...
A Loan Modification Is A Good Place To Start….
Wow, its overwhelming, everywhere I look there is a reference to Loan Modifications. As real estate agents my husband and I have been entrenched in helping people that needed to sell their home and had no equity...A Short Sale... I think a loan modification is a...
How do I qualify for Short Sale?
I am behind on payments and am thinking about a short sale but how do I qualify for one. How long does it take, I don't have a place to move to yet. Thanks, Carol H. Answer: If your behind on your payments due to financial reasons, you will be able to Short Sale your...
My husband was laid off and we can't make our house payment
We don't make enough money now that my husband is not working. I have called my mortgage company but keep getting the run around. I have filled out paperwork but they say they don't have it. Can we get a loan modification? How much will it cost us? Theresa in Rancho...
Renters of Foreclosed Homes Get Help From Fannie Mae…
We get calls every day from families in need of rental homes. Most are already renters and the homes they are renting have gone to foreclosure. It's a scary time out their for all of us. If your a renter, there are no real guarantees that the rent you pay your...
Consumer Prices Plunge!
Not everything we write is about real estate. Today it was announced that consumer prices have dropped a record 1%, the largest decline since 1947. Why? Simply put, there is increased competition by retailers to get our dollar. We, as consumers are spending less as...
Put the Leaders on Trial for Negligence of These Loan Servicing Companies!
Tragedy…this home could have been saved only if… This is the final chapter in a painful story of a Short Sale gone bad. The “Bankruptcy Negotiator II”, Ryan Bickerton with American Home Mortgage Servicing Inc(AHMSI), refused to accept a short sale purchase agreement...
Is it REALY worth it….Loan Modification.
With all of the hype of "loan modifications" and "government bailouts" you can't help but feel that there is a solution somewhere that will save you from loosing your home. I've been watching the news, reading everything that comes across my emails and can only say...
The FHFA announced a new program to assist homeowners….
Note that this does not include principal reduction as a solution. This new plan is limited to: “extending the term, reducing the interest rate, and forbearing interest” This is intended to help “thousands” (a drop in the bucket unless it is several hundred thousand),...
Can you say Dirt Bags!….Desperate to keep your home…Beware, you can't trust everyone who tells you they want to help.
Sadly.... I am going to tell you about a family that was recently lied to and taken for a lot of money in hopes of keeping the home they were living in by doing a loan modification. The ending on this true story left the family loosing the home to foreclosure, filing...