Working Short Sales And Foreclosure Timeframes—Important To Understand

So you are doing a short sale and you have received a Notice of Default or maybe even a Notice of Trustee Sale.  You panic, and start looking for a moving truck.  Sound familiar?  Well that is how homeowners feel and it is important for us as default advocates to put their minds at ease [...]

What are the real chances of me getting a loan modification?

Let’s start off by being practical: You are in one of 3 classifications: 1.Early delinquency (30-90 DQ), 2. Extremely delinquent (91-181 or Charge off) and 3. Current. Early DQ (30, 60 and 90 DQ): These are the early stages of ANY default group. Remember, all of this is handled in the ‘servicing’ group. Loan files [...]

Cravens Realty Group Has Gone Live

Its been almost two weeks now since we started our brokerage.  Cravens Realty Group is not just a mom and pop shoppe its much more than that.  Lee Cravens has the personal touch that is needed in todays short sale and foreclosure laden market.  We are constantly striving  to be on the leading edge of the short sale and foreclosure [...]

Why Foreclosure?

With all the programs that are available to homeowners I still cannot believe how many opt to just let their house foreclose before they exhaust every option available to prevent a foreclosure. Here is a perfect candidate for the HAFA program and he wants to just let his house go to foreclosure.  I am trying [...]

Short Sale vs. Foreclosure vs. Loan Mod

With short sales, foreclosures, and loan mods. at the forefront of our industry today I spend a lot of time knocking on doors and talking with people who are upside down on their mortgages and/or are behind on their payments.  The number one response that I get from homeowners is that they want to stay [...]