Category Archives: Foreclosure

Are you under a mortgage crunch, because of COVID-19

Posted on April 27, 2020 by tomo92596

COVID-19 has placed millions of homeowners at risk of losing their homes. Here’s what you we can do to help homeowners survive their mortgage crunch, avoid foreclosure and keep their homes.  If you know of anyone who is facing a mortgage crunch due … Continue reading →

Posted in COVID - 19 Crisis, Credit Challenges, Foreclosure | Tagged | Leave a comment

California Guide to Evictions, Rent and Foreclosures

Posted on April 27, 2020 by tomo92596

California has had one of the more robust and far-reaching responses to the coronavirus. At the state level, Gov. Gavin Newsom signed an order that allows local jurisdictions to pause evictions. Newsom also brokered a deal with major banks that will give mortgage … Continue reading →

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Banks agree to mortgage grace period in California

Posted on April 27, 2020 by tomo92596

Gov. Gavin Newsom announced Wednesday that Wells Fargo, Citibank, JP Morgan and U.S. Bank would give homeowners a 90-day grace period As millions of Americans face the prospect of declining wages and layoffs amid the coronavirus pandemic, California Gov. Gavin Newsom … Continue reading →

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Short Sales vs Foreclosures on a Credit Report

Posted on July 29, 2013 by tomo92596

It may surprise you to know that a short sale will typically appear no different on a credit report than a foreclosure. For someone looking to qualify for a home loan, this can be a major issue. It looks like … Continue reading →

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Buying A Home After A Short Sale

Posted on July 26, 2013 by tomo92596

Riverside County homeowners are feeling a lot better today.  Point your ear out your front door and listen: you may hear a sigh of relief!  Prices are rising – like crazy in some places – and fewer homeowners are upside … Continue reading →

Posted in Buying a home after a short sale., Credit Challenges, Foreclosure, Making Home afforable Program, Pre Foreclosure, Short Sales | Tagged , , , , , , , | Leave a comment

Bank of America Exposed.

Posted on June 17, 2013 by tomo92596

Bank of America has recently been exposed by a former worker. After years of being stalled by Bank of America about lost faxes, and being told the short is being reviewed the truth comes out. Bank of America and other servicers get … Continue reading →

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FHFA has announced the extension of the HARP by two years to December 31, 2015.

Posted on April 23, 2013 by tomo92596

Good news for Homeowners still underwater and trying to avoid foreclosure! The Federal Housing Finance Agency (FHFA) has announced the extension of the Home Affordable Refinance Program (HARP) by two years to December 31, 2015. The program was set to … Continue reading →

Posted in Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HARP, Loan Modifications, Making Home afforable Program | Tagged , , , , , , , | Leave a comment

Status of Short Sales?

Posted on March 19, 2013 by tomo92596

Unfortunately short sales are not going to be going away anytime soon. Some of the data that supports this in California. As of today California is tied as the state with the highest unemployment. Until people can afford a mortgage … Continue reading →

Posted in Foreclosure, HAFA Updates, Loan Modifications, Making Home afforable Program, Pre Foreclosure, Short Sale Buy Back, Short Sale Lease back, Short Sales | Tagged , , , , , , , , , , | Leave a comment

How To Choose A Short Sale Realtor in Temecula California.

Posted on March 5, 2013 by tomo92596

Have you ever found yourself in a bit of a financial rut? You may understand that you might be headed for foreclosure. If you think you are just about out of choices, a short sale may be in your best … Continue reading →

Posted in Chase Short Sales, Credit Challenges, Fannie Mae, Foreclosure, Freddie Mac, HAFA Short Sales, HAFA Updates, Mortgage Foregiveness Act, Pre Foreclosure, Short Sales, Wells Fargo Short Sales | Tagged , , , , , , , , , | Leave a comment

Short Sale – Lease Back Option

Posted on February 18, 2013 by tomo92596

Short Sale Lease Back Program Homeowners facing a foreclosure may now be able to lease back and in some lender approved situations buy back their home after a short sale.  A newly launched program provides another option for homeowners who can’t afford their … Continue reading →

Posted in Chase Short Sales, Citi Mortgage Short Sales, Credit Challenges, Foreclosure, HAFA Short Sales, HAFA Updates, Pre Foreclosure, Short Sale Lease back, Short Sales | Tagged , , , , , , , , | Leave a comment