Since much of the work I do involves clients who want to keep their home, I don’t often discuss the benefits of short sales. For many clients, a short sale can be the best option to protect credit and ensure long-term financial health. A short sale is the process where a bank agrees to sell […]
Riverside Short Sale Attorney – Home Affordable Foreclosure Alternatives (HAFA) Read More »
I have received several questions obtaining a loan modification from EMC in Riverside County and Orange County. EMC mortgage is owned by JP Morgan Chase. During the real estate boom, EMC operated under its own name as a seperate division. Since the market crash, EMC no longer operates as a separate division but is handled
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In a move that should not come as much of a surprise, Freddie Mac announced that mortgage servicers are authorized to provide unemployed borrowers with up to six months of forbearance. As a result, if you are an unemployed mortgage owner of a loan with Freddie Mac, you may apply for and receive six months
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In a study that should surprise no one, sentiment among homeowners to sell their homes is at a record low. Among the general public, only 7% believe it is a good time to sell your home. During the time period of 1992 through 2005, 40-60% of homesellers believed it was a good time to sell
Riverside Loan Modification Attorney – Home Buyer Sentiment At Record Low Read More »
A recent article on CNN finds that more homeowners are fighting to stay in their homes longer despite the attempts by banks to actively foreclose on their property. The article begins with a quote from an attorney saying that many of the attempts made by homeowners to stay in their homes are without legal merit.
The Riverside Press Enterprise has an interesting article about inland empire families who have walked away from their upside-down mortgages. In the article, these families defaulted in 2008 on mortgages that were upside down. Now that enough time has passed since they lost their home, they now qualify to purchase a home under FHA guidelines.
Loan Modification Attorney – Should you walk away from your home? Read More »
Before buying a home in Riverside, I had weekly conversations with a good friend of mine about the bottom of the real estate market. We discussed the mortgage meltdown, the cyclical nature of home sales, the efforts made by government to shore up home prices and stop foreclosures, the change in prices over different seasons,
Riverside Bankruptcy Attorney-Has the Inland Empire Real Estate Market Hit Bottom? Read More »
While Foreclosures in Riverside and San Bernardino continue to drag down the housing market, short sales in the Inland Empire have begun to represent a larger portion of home sales. A short sale is a sale where a lender agrees to accept less to pay off a loan that is owed. Banks benefit from short
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An article in today’s Press Enterprise discusses the rising popularity of short sales and the possibility that some lenders may be losing out in the process. According to “real estate experts”, the short sale process presents an increased risk of fraud and abuse. The article on goes on to say that this is particularly true
Riverside Bankruptcy Attorney-Are Mortgage Companies being defrauded by Short Sales? Read More »
