Dual-track Foreclosures Now Forbidden

Dual-track Foreclosures (working with the homeowner on modification of the loan while simultaneously pursuing foreclosure) is now forbidden. Also forbidden, as if lenders didn’t already know, are robo-signing practices to process foreclosures. Robo signings were uncovered in 2010, when lenders hired people off the street to sign default documents in order to expedite foreclosures. Robo [...]

Bewildered Borrowers Share Distress of Short Sales

Bewildered Borrowers Share Distress of Short Sales

Helping Borrowers in Distress at http://www.A1AFinancialRecovery.com — Borrowers requested to remain anonymous, they are in the midst of a short sale and have suffered with distress of the short sa…

Bewildered Borrowers Talk About Short Sales

Bewildered Borrowers Talk About Short Sales

Borrowers requested to remain anonymous, they are in the midst of a short sale and have suffered with distress of the short sales process. Lender has questioned borrowers ability to keep their property bec…

How to Check Government Loans for HARP

With the new HARP 2.0 many borrowers are uncertain about government loans and how to determine if they have a government backed loan which are Fannie Mae or Freddie Mac. If your mortgage is owned by Fannie Mae or Freddie Mac, you may be eligible for a Home Affordable Refinance to take advantage of lower interest rates. Your [...]

Does Short Sale Cause Confusion?

by Agi Anderson Many borrowers have a misconceptions about a short sale. A short sale, defined by the Certified Distressed Property Expert’s (CDPE) site explains, How a short sale works A short sale can be an excellent solution for homeowners and investors who need to sell, but owe more on their property than what it’s worth. [...]

Bobbie Coven-Files Shares Short Sales Perspective

A big thank you to Bobbie Coven-Files for providing this feature post on her short sales perspective. I love Bobbie’s passion for helping folks suffering with mortgage distress. This gal is willing to go to battle with the big boys to get the job done! With the economy doing what it is doing, short sales [...]

Hardship letter critical for mortgage relief

If you are struggling with an overwhelming mortgage payment and you apply for assistance, it’s without question you will be required to provide a hardship letter. There is a lot of misinformation out there about HARP (refinancing), HAMP (loan modification) and HAFA (short sale) all government programs created to provide mortgage relief. The Making Home Affordable © [...]