specialist

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 [...]

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 [...]

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 expenses [...]

Another common question on Loan Modifications on your Irvine Home
Question: Can a mortgagee include late charges in the Loan Modification?
Answer: Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.
If you have more questions on this topic you might want to [...]

Q & A on saving your Irvine Home

When My Lender Calls Should I Speak Them?
Yes. The best thing to do is not avoid the calls or any letters from the lender, especially if a foreclosure is pending on your Irvine home. The key is to realize the lender does not want your property and [...]

What’s a Notice of Default on my Irvine Home?
Notice of Default means your lender has begun the formal foreclosure process. This occurs once the borrower has been two months delinquent, in Irvine California.
During this time the borrower has over three months from the recording of the Notice of Default to find a solution to [...]

How Fast Can A Foreclosure Occur, What’s The Timeline?
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 homeowner [...]