Many people I have spoken with, simply do not fully comprehend the ramifications of foreclosure and the potential personal liability they may face regarding the mortgage note. When you get a mortgage there is a deed of trust that allows the lender ce
It’s not news that it is difficult to get a new mortgage. The good news is the government and the markets are just beginning to recognize that the crisis was historic and not everyone who got caught should be permanently labeled a dead beat.&nb
For the past several years, all the talk has been about avoiding foreclosure with loan modifications and short sales for underwater properties with distressed financial situations. One area that has been over looked or maybe just absent from the headlines
In a July post, I briefly explained forbearance as it relates to the Loan Modification process. I suggested caution and thorough consideration when your lender makes this a requirement of your requested Loan Modification. I also noted that even if y
The Loan Modification process can be tricky. I personally do not endorse modifications because I do not believe that they are fair or equitable for the borrowers. Having said that, the process is fraught with risk and you need to understand wh
Many have complained that the process of getting a mortgage post crisis is very difficult. Here is what you should expect: Re-regulation of the mortgage industry has collectively been a treat for all of us, both as industry providers and borrower