short sale

How to Avoid Foreclosure in your Irvine home

Essentially, there are two directions you can go in when trying to avoid a mortgage foreclosure on your home. You have multiple options along each of these “paths,” but for starters you must choose one of the two directions below:

You will get caught up on your mortgage payments. [...]

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 FNMA [...]

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 [...]

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 is [...]

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 of [...]

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 to [...]

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 [...]

Question on a Loan Modification and if I can save my Irvine home
Question: Will HUD subordinate a Partial Claim, should a mortgagor subsequently default and qualify for a Loan Modification?
Answer: If a mortgagor subsequently defaults and qualifies for a Loan Modification, HUD will subordinate the Partial Claim.

If you have more questions on [...]

Another common question on Loan Modifications on your Irvine Home
A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
Question: May a mortgagee perform an interior inspection of the property if they [...]