Know The Lingo; Postponement – Trustee Sale

Friday, January 16th, 2009

POSTPONEMENT – Trustee Sales may be postponed by the Trustee at the direction of the lien holder. Notice may be given in advance or at the time and location specified for the intended sale. ?? PRIVATE MORTGAGE INSURANCE (PMI) – A policy of insurance paid for by the borrower to protect the lender in the […]

Your Bank and Your Hardships

Monday, January 5th, 2009

Banks Don’t want to foreclose on your house! When a mortgage company forecloses on a property more often than not they lose money, and they lose even more when they have to take ownership of that property. The good news is that there are alternatives to foreclosure that benefit both the borrower and lender. The […]

Know The Lingo; Judicial Foreclosure-Notice Of Trustee Sale

Wednesday, December 31st, 2008

JUDICIAL FORECLOSURE – A foreclosure action conducted through the courts instead of through a foreclosure trustee. Judicial Foreclosures are very uncommon in California, particularly on residential properties. Should a lender elect to pursue a deficiency judgment, it would be through a Judicial Foreclosure. JUNIOR LIENS – A lien, usually a mortgage loan, that is subordinate […]

Know The Lingo; Foreclosure Glossary B-F

Saturday, December 27th, 2008

Study up and learn the lingo from the following Glossary of Terms: BENEFICIARY – The beneficiary in a foreclosure context is generally the mortgage lender. Frequently referred to as the “Benny”. CREDIT COUNSELING – Under the new bankruptcy law which took effect in October of 2005, those wishing to file bankruptcy must complete an approved […]

Take Notes And Review Everything Carefully

Wednesday, December 17th, 2008

Always Be Prepared In this stressful situation with so much information being exchanged, it is easy to forget things or miss the details. Don’t rely on your memory, it can fail you. Make sure you have everything written out in front of you. Never make a call without first reviewing your notes, and having a […]

Keep The Lines Of Communication Open

Thursday, December 11th, 2008

It doesn’t take long for your lender to contact you once you start to fall behind in your payments. Your lender will be eager to learn about your circumstances, and find out if you will be able to resume regular payments and how soon. It is very important you take any calls from your lender, […]

Free Home Loan Modification Kit Available To Distressed Home Owners

Thursday, December 11th, 2008

A free home loan modification kit available to distressed homeowners so they can stay in their homes. Many banks are now offering loan modifications to their existing lenders. You can reduce your loan payments by 25% or more and save your home. Homeowners who are behind on their payments can take advantage of a free […]

Want a Loan Modification? Work Hard On Your Hardship Letter

Thursday, December 11th, 2008

Continuing in our series on how YOU can negotiate with your lender to avoid foreclosure and KEEP YOUR??HOME. we are looking at some tips for negotiation with your lender. ??Your Hardship Letter is your chance to lay-out your case for Forbearance or Loan Modification before your lender.?? You need to make your lender see your […]

Have Realistic Expectations

Thursday, December 11th, 2008

Continuing in our series on how YOU can negotiate with your lender to avoid foreclosure and KEEP YOUR??HOME. we are looking at some tips for negotiation with your lender. Be honest with yourself and your lender.?? Before you begin the process of pursuing either a Forbearance Agreement or a Loan Modification, ask yourself if this […]

YOU can negotiate with your lender to avoid foreclosure and KEEP YOUR HOME!

Thursday, December 11th, 2008

IF YOU HAVE FALLEN BEHIND ON YOUR MORTGAGE OR IF YOU CAN SEE THE DARK CLOUDS OF TROUBLE LOOMING ON THE HORIZON, YOU HAVE HOPE! AND YOU MANY OF YOUR OPTIONS DO NOT INCLUDE SELLING YOUR HOME. HERE’S AND INSIDER’S SECRET: YOUR LENDER DOES NOT WANT YOUR HOME, YOUR LENDER DOES NOT WANT TO GO […]

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