Are You the Victim to a Loan Modification Scam?
You don’t need to read this article to learn that, over the last two years, many California homeowners have fallen victim to loan modification scams and foreclosure rescue scams. Predators see opportunity in desperation, and our economy has created many desperate people.
While most [...]
How a Short Sale Can Effect Applying for Another Mortgage
If you recently had to sell your home as a short sale you might be wondering if it is possible to get another mortgage after a short sale. In a few words yes it is possible to get another mortgage but there are [...]
Obama Administration Facing New Pressure on Foreclosures
According to Reuters, the Obama administration is facing stepped up pressure to provide more details about its efforts to help struggling homeowners stay in their homes. Although bankruptcy is one of the last steps that homeowners turn to in the foreclosure process, many could be avoiding foreclosure altogether if [...]
Consumer Advocates Have a Message
Consumer advocates have a message for homeowners mired in foreclosure: Your situation is not hopeless. Even if your house can’t be saved, they say, there are steps you can take to lessen the fallout. “When people see the foreclosure (notice) come to the door, they just give up,” said Debra Voltz-Miller, [...]
A Short Sale Can Turn a “No Deal” into Profits
A short sale in real estate is not always a pleasant transaction.
There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who [...]
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