Foreclosure Information

Banks Slow to Modify Mortgages…US Treasury Dept reports

August 19, 2009 by Debbie · Leave a Comment 

An article in the L.A. Times discusses how some banks are making up excuses by telling home owners that they do not qualify for a loan modification because….. My associate Dan Dobbs, loan manager at
949 250-3981  who made me aware of this article states that the banks are not following the Obama Plan as they [...]

What is a Short Sale?

August 15, 2009 by Debbie · Leave a Comment 

Simply put, the property is legally owned by a person or corporation and is often occupied by an owner or tenant or it could be vacant. However, the owner owes more on the property than what it is worth, therefore the bank or lender needs to approve the sale since the lender stands to lose [...]

Foreclosure and Loan Modifications

August 10, 2009 by Debbie · Leave a Comment 

There is so much information out there about foreclosure and loan modifications in the news that the consumer does not know what to believe. I am in the process of gathering information to benefit the consumer. Therefore, I ask you to please send me your questions or post them here so that I can research [...]

Paperwork Needed for Loan Modifications

August 10, 2009 by Debbie · Leave a Comment 

Video helps homeowners gather paperwork
For faster mortgage help Freddie Mac has produced a video that shows late-paying
borrowers how gathering a few financial
documents before calling a mortgage servicer can cut the time needed
to determine their eligibility and process their
application for a loan modification under the Making Home
Affordable program or Freddie Mac’s other workout initiatives.
Available in [...]