OC Home Help

Foreclosure or Short Sale The question always comes up, “Is it better to do a short sale than go through foreclosure?” The circumstances that lead up to the loss play a roll in the final answer along with the timing of how soon someone can purchase another home. These are the guidelines in place by [...]

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. [...]

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 [...]