Buying a San Diego Condominium – Buyer Beware!

Monday, January 26th, 2009

Condominiums can be a great place to live as you share the cost of amenities such as pools, exercise room, bbq’s etc. One can experience great amenities at a fraction of the cost of having private pool. Of course, you may have to share that experience with your neighbors. With the Sub-Prime mortgage problem hitting […]

Pitfalls to Avoid during the Loan Modification Process

Thursday, January 22nd, 2009

A Loan Modification is a valuable tool in helping homeowners get back on track with their loans and protect their homes from foreclosure, but often even after a loan modification people end up right back where they were, and sometimes even worse.?? In fact, more than half (55%) of loans modified in the first nine […]

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 […]

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 […]

Banks Promise Help But Foreclosures Still Likely

Wednesday, December 24th, 2008

Federal and state officials, eager to stabilize the housing market, have leaned hard on mortgage companies to honor their pledges to help more homeowners avoid foreclosure. But in California at least, the mounting pressure has so far produced only modest results.?? The most common from of avoiding a foreclosure is by negotiating a Loan Modification.?? […]

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 […]

Government Take Over to Bolster San Diego Real Estate

Thursday, December 11th, 2008

According to Sandicor, there were 2,562 San Diego home sales in August 2008. Approximately 32 percent of these sales were San Diego bank owned properties due to San Diego foreclosures. To view the current list of San Diego Foreclosure properties, visit HouseRebate.com. ?? ?? The Federal Government takeover of Fannie Mae and Freddie Mac has […]

Categories

Recent Comments

    Top Tags