QUESTIONS?

CALL US: 703-319-2198


An Illustration of The Risk of Improper Short Sale & Foreclosure Mitigation

Published on Jun 19, 2013 | Short Sales Debt Mitigation forgiven mortgage debt mortgage debt forgiveness act foreclosure

 

This article was published in The Washington Post on June 15th, 2013. In the event you missed it, I think it is a terrific example of what can happen without proper mitigation. This is exactly what you want to avoid. This applies to Short Sales and Foreclosures and the article provides examples of each.
 
Lenders seek court actions against homeowners years after foreclosure
 
 
Blogging from the front line of the housing crisis.
 
George Omilan
 
 
Please comment and share this blog if you like it.

Recent Posts

Reverse Mortgages 2026 Out of the Gate Qualifying Strategies for Reverse Mortgages One-Time Close - Rehab to DSCR. Property rehab/construction to permanent 30-year DSCR loan The Jumbo Reverse Mortgage. From Fledgling, to the Strongest Horse in the Race. Reverse Mortgages. A retirement planning vehicle to increase cash flow and protect your estate.

Blog Tags

Reverse Mortgage HECM Reverse Mortgage Retirement Planning supplemental retirement income Seniors Retirement security Financial Planning Short Sales Age in Place Home Care Government insured mortgage lifetime income with a Reverse Traditional Mortgage HECM for Purchase Jumbo Reverse Mortgage Retirement income insecurity solutions for underwater properties home equity access Long Term Care Social Security Eligibility for Reverse Mortgage reverse credit line Inflation Mortgage Loan Process Specialized Forward Mortgages Financial Assessments Annuity forgiven mortgage debt mortgage Investor Loans mortgage debt forgiveness act foreclosure cashflow Real Estate Investment Loans FHA Debt Mitigation 55+ private label reverse mortgage Non QM self-employed borrower VA LOAN HUD Reverse to Purchase Mortgage Loan modification investor financing No Doc Investor Loans Real Estate Market VA Low Score Jefferson Mortgage Group bank statement loan Housing Market Mortgage Rates Medicare Sandwich Generation Interest Rates QM HECM Changes High-Value Homes LESA Business Cash-flow Fiscal Cliff HECM to Purchase Senior Advocate mortgage debt Reverse Mortgage Eligibility Low Credit Score manual underwrite Construction Loan Fed Real Estate Economy 2023 changes growth factor downsizing HELOC Hard Money Loan Lending Limit increase DSCR 2025 changes mortgage debt relief act Mortgage Deliquency Non-recourse loan modify your loan with your lender FINRA Housing Prices Property-based loan occupancy requirements Residual Income Asset Qualifer ATR Rule assisted living LLC OBBBA Asset Based Mortgage Blanket Loan Seller Contribution Jumbo Reverse Second Trust Diversification Estate Plan Senior Care Rentership Credit Score down to 500 Second Trust Gray Divorce Jumbo Mortgage Loan bankruptcy MIP Unrestricted Approval Trump Principal Limit Factor success story 2021 Changes Debt Treasury DSCR Commercial Real Estate Second Trust Prequalification Non-Qualifying Loan