Senate Majority Leader Corbett came through for many homeowners in a tight pinch. Those that were worried about completing a short sale while still having a second mortgage that could come after them years later, commonly to what everyone refers to as seeking a deficiency, was not a settling thought for many sellers who...
In a business where it can really help to know people in high places Wachovia has proven to be no different than the rest. Where in many cases homeowner’s find it difficult to manage through the process loan modification process, with the now Wells Fargo owned company, it looks like there is some light at the...
Many times these programs that we deal with for our clients change for the better but there are also certain times that they change for the worse. I guess only adding insult to injury is that fact that it is our own government, supported by our tax dollars, making life just a little bit...
Often we receive the question of how a homeowner should write their hardship letter and we find that there is still no simple answer. Should I include if I didn’t file my taxes? What if I don’t know what a profit and loss is? Many times the answer is right there but simply needs...
Today while searching the web for the next million dollar idea, I again found myself stunned with all of the horror stories and difficulties that are posted online Image via Wikipedia I have been reading all over the web (ActiveRain not to be excluded) that it seems that people are finding issues and having...
Is it really that surprising that in this down economy everyone is hurting a little? Well, definitely in this case that has hit more than just the sub-prime market. It has affected those up on the hill which in most cases hurts us the little guys on Main St. When those thought that it...
In California Monday in an emergency procedure Governor Shwartzenegger signed into place Senate Bill 94. This bill took in effect right away ceasing all further loan modifications, even with attorneys, up until 2013. How many attorneys do you know that work for free? Well for the same reason you will see a lot of...
Wells Fargo currently is offering the option of short refinancing or commonly referred to as a short refi as long as you qualify. For those that would ask, “What is a short refinance?” This is when the bank/lender/loan servicer allows a homeowner to pay off their current mortgage with new financing many times from...
Well as IndyMac doesn’t seem to be doing investor loan modifications unless you know the right people this post, we guess, will really be for those people. As anyone processing or just dealing with the loan modification industry it has changes almost on the daily basis. In the last week it seems that this...
When processing loan modifications one of the most important aspects is the amount of income coming in. Is it affordable? In most cases that lenders want to see that a homeowner can afford their monthly payment in order to offer them assistance. If someone has a rental property they want to see that it...