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The Biggest Loser — San Diego’s Largest Foreclosure

Wednesday, February 25th, 2009

The Vivienda Estate, built for over $11 Million dollars in 2006, was foreclosed upon. There were no bidders for the 17 bedroom, 9 bath, 16,330 square foot home at the $2.275 asking price. This home is currently the largest San Diego foreclosure. HouseRebate.com anticipates this home to be available for sale in the coming weeks.

Could A Bankruptcy Judge Fix Your Home Loan?

Wednesday, February 4th, 2009

One of the most powerfull allies of a distressed homeowner facing foreclosure, might be a Bankruptcy Judge if the House and Senate have their way in new legislation allowing judges to “cram down” home loans. In Bankruptcy proceedings the terms of every loan is fair game for a judge to adjust except for the loan […]

Top US Banks Offering Loan Modification Packages

Wednesday, January 28th, 2009

Major US lenders have??announced they are aggressively reworking mortgage loans to help homeowners remain in their homes.?? The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac loans, along with the HOPE NOW alliance of lenders, launched a “Streamlined Modification Plan”??in December. IndyMac Federal Bank also announced a systematic and streamlined loan modification […]

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, […]

Short Sale Vs. Foreclosure Which Is Better For You?

Thursday, December 11th, 2008

If your financial situation finds you facing foreclosure, there is an option for you to save your credit. You can even sell your home and your lender will pay the commissions and closing costs.If the fair market value of the home is less than your loan balance, there is a process called a Short Sale […]

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

Loan Modification Agreement A Loan Modification Agreement modifies the terms of your home loan, normally by lowering the minimum payment to something more manageable for the homeowner. ?? Remember that your lender DOES NOT want to acquire your home through a foreclosure so you have no reason to hesitate to contact your lender when you […]

Fannie and Freddie Offering Homeowners An Early Holiday Gift

Thursday, December 11th, 2008

Troubled Mortgage Giants Fannie Mae and Freddie Machave decided to give struggling homeowners an early holiday gift, they have announced that suspend eviction on certain properties until after the holiday season while they work on their previously announced loan modification program.?? The suspension applies to 10,000 borrowers with Fannie, and 6000 with Freddie in occupied, […]

How Foreclosure Scams Work

Thursday, December 11th, 2008

Everyday a new foreclosure scam pops up and one needs to keep up with how these scams work in order to spot potential scammers.?? Foreclosure scams can be broken down into three basic categories: Phantom Help ? People will pay a lot of money up-front to hire a foreclosure expert to help them in their […]

How To Detect Foreclosure Scammers

Thursday, December 11th, 2008

Outwardly it can be hard to spot a foreclosure scam artist.?? In fact most scam artists do their best to appear clean-cut, trustworthy, helpful and patient.?? Their front companies often have names like Community Home Savers or Housing Helpers or some other altruistic name, and may even claim to be working as a not for […]

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