Irvine home

Resort like setting, Irvine Bank owned Ultra cool urban style Irvine Bank Owned condo at Avenue 1 just needs you to add your personal style. This 2nd floor 1 bedroom, 1 bath condo has a spacious living/dining room, plenty of space for all of your clothes in your walk in closet. Chill, read, or work [...]

Foreclosure Time Line The timeline displayed here is typical in a California non-judicial foreclosure. The foreclosure timeline does not begin until the lender feels they have exhausted all avenues for curing the payment delinquency. Normally, this happens after the borrower has missed three monthly mortgage payments and the Notice of Intent to Foreclose has expired. [...]

Can I Stop Foreclosure on my Irvine home? The first way is to immediately bring the loan current. In order to do that you must pay all delinquent amounts as well as any costs and fees incurred by the mortgage company during the time they processed your file to foreclosure. For many borrowers, the loan [...]

How Fast Can A Foreclosure Occur on my Irvine Home? In Irvine, CA a foreclosure can be completed in less than six months from the time the loan becomes delinquent. The foreclosure process can take place two months after the loan becomes delinquent. The first step is to record the Notice of Default. Usually, the [...]

Stop Foreclosure on my Irvine home The first way is to immediately bring the loan current. In order to do that you must pay all delinquent amounts as well as any costs and fees incurred by the mortgage company during the time they processed your file to foreclosure. For many borrowers, the loan is unable [...]

What is a short sale? Can it save my Irvine Home? A short sale is when you successfully sell your home to another buyer, even though you owe more on your mortgage than what your home is worth. This occurs when your lender forgives the higher owed balance on your mortgage and therefore absorbs a [...]

My Irvine Home, Loan Modification can it help? Question: Can a mortgagee qualify an asset for the Loan Modification option when the mortgagor is unemployed, the spouse is employed, but the spouse name is not on the mortgage? Answer: Based upon this scenario, the mortgagee should conduct a financial review of the household income and [...]

Loan Modification, can it save my Irvine home from Foreclosure? Question: Is the mortgagor eligible for the upfront premium refund at payoff of a modified loan? Answer: It depends upon when the closing date occurred. For assets closed: After July 1, 1991 but before January 1, 2001, the 7-year unearned premium refund schedule shown in [...]

Loan Modification, can it help save my Irvine home? Question: Are mortgagees required to perform an escrow analysis when completing a Loan Modification? Answer: Yes, mortgagees are to perform a retroactive escrow analysis at the time the Loan Modification to ensure that the delinquent payments being capitalized reflect the actual escrow requirements required for those [...]

Can a loan Modification save my Irvine home? Question: Is there a new basis interest rate which mortgagees may assess when completing a Loan Modification on my Irvine home? Answer: Yes, Mortgagee Letter 2008-21 states that the new basis interest rate is 200 points above the monthly average yield on U.S. Treasury Securities, adjusted to [...]