New Program Allows Homeowners To Short Sale And Buy Back Home

Homeowners facing a foreclosure may now be able to lease back and eventually buy back their home after a short sale. A newly launched program provides another option for homeowners who can’t afford their mortgage payments or have been rejected for a loan modification. Until recently, the Homes Affordable Foreclosure Alternatives program required that a [...]

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 [...]

Testimonial Received Today From A Recent Short Sale Closed…

Dear Lee and Nanci,  Thanks so much for shepherding us through the Financial Valley of Darkness. It was reassuring to know you were there. We appreciate the patience you showed us every step along the way. What might have been traumatic and distressing wound up being just an unfortunate but unavoidable business transaction. With two [...]

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 [...]