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

Blog Tags

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