short sale

There are many ways to buy foreclosures: from the no cash, no credit methods taught on late night TV, to billion dollar bulk purchases. There are significant discounts available on foreclosures, but buying a foreclosure is not a get rich quick proposition. For those willing to work, and in some cases take some risk, foreclosures [...]

Investors and individual home purchasers who buy repo properties got a bit more discount during the month of May 2010. According to the latest housing market reports, the average discount offered by repo homes to buyers is 27%. This figure is in comparison with the same month of 2009. May also showed that people who [...]

The answer is YES. Don’t think it’s OK to foreclose. It’s not OK to think you’ll just let the house go; just mail in the keys and then file bankruptcy and you’ll be protected. WHAT R U THINKING??? Everyone needs to be accountable and responsible. Trust me; I’ve seen it all. If you have to [...]

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 [...]

What Are My Options To Avoid Foreclosure on my Irvine Home. You do have choices to avoid Foreclosure on your Irvine home. First thing you should do is inform your lender as soon as possible. Let them know that you intend to remedy the situation so that they will not have to obtain the property [...]

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, What’s The Timeline to save 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 [...]

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 [...]

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 [...]