Short Sales became mainstream back in 2008 when financial markets decided that homeownership, no matter how desirable, wasn’t for everybody. Short Sales became commonplace. And when I say Short Sale, I am not referring to real estate agents less than five feet tall. I am referring to homeowners who could not sell their property for … Read more
The biggest financial crisis since the Great Depression was caused by Banks taking advantage of unassuming consumers, putting them in loans they couldn’t afford. This eventually lead to the fall of the real estate market, forcing many homeowners into foreclosure and the loss of their home; OR, No doc or stated income loans allowed home … Read more
The Pasadena Real Estate market is showing some signs of recovery as evidenced recently by multiple offers and decreased selling times. However, what is the situation with Pasadena Short Sale and Foreclosure properties? Most of the media reports indicate that California foreclosure filings continue to decline. Are they declining because of the banks unwillingness to … Read more
Meeting the monthly mortgage obligation when your home is underwater is similar to riding a stationary bicycle. No matter how hard you peddle you’re not going anywhere. Remain motionless for too long and things begin to catch up with you. Missing a few house payments will likely increase the mail and phone calls from your … Read more
The foreclosure laws which have now become an opportunity to live mortgage free in perpetuity were designed to assist homeowners who were behind or facing difficulty making their mortgage payment. It was never intended to become a source of income or for that matter allow the homeowner the opportunity to profiteer from their perceived misfortune. … Read more
Membership may not be the only thing that has its privileges. Select homeowners who are behind on their mortgage payments and who have a loan with Bank of America have begun receiving letters with offers of a new Short Sale incentive program. If by chance you have questions or concerns about a Short Sale and … Read more
Short Sales, loan modifications and Notices of Default can be a confusing process to navigate and understand. That is why we have developed our list of the Top 10 Short Sale Questions. A Short Sale does not have to be an overwhelming process. More documentation is required to obtain your lenders approval, and the waiting … Read more