How to keep your home with a Forbearance Agreement

In a Forbearance Agreement, the bank agrees to hold back its legal right to exercise foreclosure on you. They agree to this because they come up with a plan to get you on track with your mortgage payments after giving you a certain period of time to recover.

With Forbearance ...

Do lenders always agree to loan modification requests on Ladera Ranch homes?

Sadly, no;lenders don’t always agree to loan modification requests on Ladera Ranch homes.That’s why if you decide to explore this option, you need to get all the information you can get on the subject.

Lenders call the loan modification process "Loss Mitigation," which is the act ...

The quickest road to a short sale decision: Bank of America Cooperative Short Sale Program

The quickest road to a short sale decision: Bank of America Cooperative Short Sale Program

The Bank of America Cooperative Short Sale Program reduces the challenges of a regular short sale in Laguna Niguel, such as waiting up to 60 days just for having your sale be assigned a representative ...

Bank of America offering a new short sale program in Orange County

Every bank, like many other businesses, aims to make money and not necessarily make things smooth for their customers; much less to anyone trying to short sale their property. So, naturally, the main reason Bank of America has initiated the Cooperative Short Sale Program in Laguna Niguel is to increase ...

What is a BPO and Why is it Important to Short Sale Success?

What is a BPO and Why is it Important to Short Sale Success? 

Ladera Ranch, CA – There are many real estate agents who hate short sales. Why should that be? The answer is simply because they really don't understand them too much better than their clients do. In a ...

Do I have to accept a Promisory Note in my Short Sale?

Do I have to accept a Promisory Note in my Short Sale?

Ladera Ranch, CA – In this business you do sometimes encounter very stubborn lenders who are adamant about collecting on what they believe to be “rightfully theirs”

These lenders are usually the ones that homeowner got their original loan ...

What if my Short Sale is Rejected?

What if my Short Sale is Rejected?

What Damages can a Homeowner Sue for if a Short Sale is Wrongly Rejected?

Laguna Niguel, CA- We have already discussed my advice to a homeowner dealing with the rejection of  a perfectly good short sale offer and facing imminent foreclosure.

I had ...

Stop Nasty Debt Collector Calls for Good

Stop Those Nasty Debt Collector Calls for Good

Ladera Ranch, CA – If you are in the middle of a financial  crisis paying off your unsecured debt – ie your credit cards – should be a far lower priority than paying on the secured debt on your home or for the basics you ...

When should I consider a Short Sale?

When Should I consider a Short Sale?

My Home Isn't Selling, I Might be Upside Down, So Why Hasn't My Real Estate Agent Mentioned a Short Sale?

This was the question I recently received from Jennifer, a frustrated homeowner whose property has been on the market for months ...

How to a Stop Foreclsoure?

How to a Stop Foreclsoure?

Ladera Ranch, CA – One of my previous clients asked me a simple, yet detailed question, "How do I stop my Foreclsure?" There were many answers I could have provided him with, but he continued to explain his individual situation. "I am a home seller who ...