$1,500 moving assistance payment and NO deficiency for people who do a short sale after a failed loan modification through HAMP but there are huge downsides – the first being the homeowner has to pay off all the other liens on the property! What the Government says about it….. The HAFA program simplifies and streamlines [...]
Nevada led the nation in mortgage delinquency in the second quarter of the year, according to a report released Monday. Increasing unemployment rates and falling home values, such as in this Henderson neighborhood, have put a pinch on Nevadans. Ne
If you are struggling to make your mortgage payments you may be able to get your lender to modify the loan under new government guidelines. Here are the eligibility criteria for loan modification: Mortgage must have originated
Contrary to popular belief banks don’t want to foreclose on a property. They face a number of consequences which can be avoided by accepting a short sale. A foreclosure lowers their FDIC ratings, REOs are a financial burden, loan to deposit ratios
Foreclosures don’t just go away just by giving the lender back the property. Property owners who allow a property to go to foreclosure not only adversely affect their credit for up to 10 years but may have a deficiency judgment charg
