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Short Sale
By Paul M. J. Suchecki
Tags: deed in lieu of foreclosure, Obama Homeowner Affordability and Stability Plan, Short Sale, ...
1 CommentAs of April 5th, the Obama Administration is adding a new Home Affordable Foreclosure Alternatives, HAFA, to its efforts to allow borrowers to avoid foreclosure through short sales or a deed-in-lieu of foreclosure option.
By Paul M. J. SucheckiTags: cash for keys, deed in lieu of foreclosure, Deficiency Judgment, foreclosure prevention...5 CommentsIt’s all too easy to get disheartened about your mortgage difficulties and simply decide to pack up and walk away from your home, especially if your mortgage is now substantially greater than the value of your house.
Under new guidelines, mortgage lenders would be eligible for government incentives if they allow borrowers to sell their homes at a loss. These short sales are less costly and time consuming compared to foreclosures.
Although the main thrust of the Obama Affordability Plan is to keep homeowners in their homes, this change is a recognition that [...]
By Paul M. J. SucheckiTags: foreclosure prevention, homeowner help, Loan Modification, mortgage advice...No CommentsWhen the news seems bad, it’s all too easy to curl up into a ball and hope that the world goes away. Denial and paralysis get you nowhere fast.
As I write this, I just learned the news of the biggest real estate bankruptcy in American History. General Growth, the owner of California’s Glendale Galleria has [...]
By Greg HebnerTags: foreclosure prevention, homeowner help, Loan Modification, mortgage advice...No CommentsWhat should they do if they lose their jobs or see their income drop dramatically?
By Greg HebnerTags: foreclosure prevention, homeowner help, Loan Modification, mortage cramdowns...No CommentsAs you can tell from the title, I am not a big fan of this recently proposed legislation. I come from the side of old school, I guess. This is the side that says when you sign a document that says “Promissory Note” and starts with the line, “I hereby promise to pay”, that the [...]
By Greg HebnerTags: foreclosure prevention, homeowner help, Loan Modification, mortgage advice...No CommentsWe created our blog in hope of providing a clear voice and a helping hand in today’s difficult housing times.
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan mortgage first time home buyer tax credit Loan to Value Uncategorized Upside Down unemployment Real Life Stories Obama Financial Reform Obama Housing Plan Falling Home Value Refinance Lenders home value Credit Mortgage Revision economic news Loan Modification Foreclosure Help
January 11, 2010 1 Responses
Strategic Default? By Paul M. J. Suchecki
Comment by Stephanie: "This is hilarious!!..."
August 24, 2009 4 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by Jastnartest: "really great..."
December 30, 2009 11 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by rickyk4: "Hi everyone, I..."
March 10, 2010 1 Responses
New Short Sale Program By Paul M. J. Suchecki
Comment by pharmacy technician: "nice post...."
