In a recent conversation with a Wachovia representative we were advised that their rule of thumb for properties in California is to no longer postpone when within 5 business days of a foreclosure sale. They advised that there is a foreclosure law set in the state of California prohibiting them to foreclose if a...
Many times we find the homeowners wait till the last minute to find assistance. As homeowners used to have a little more leniency during the slow times but now an already battered system is starting to fight back. At this time CalHFA is another lender in a long line of mortgage servicers tightening up their guidelines. They have...
Image via Wikipedia Constantly we are approached on what can stop a foreclosure sale. We feel that we try to touch on many different alternatives (including the new HAFA Programs) in order to postpone foreclosure but the Final Say So is a Bankruptcy. Its the ultimate trump card so for all those concerned that...
Most lenders have a habit of waiting for the last minute to take care of anything important. Well, Chase is no exception to the rule. Chase will wait to as late in the game as possible prior to postponing the foreclosure sale. Well the issue is not so much that they end up waiting...
When applying for assistance every lender has different guidelines as to the time it takes to be reviewed and just the same they all have different time frames a borrower must wait prior to reapplying if a decline has been made on their previous workout attempt. When a workout option is declined (repayment plan/loan...