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Monthly Archives: January 2012
Freddie Mac Extends Forbearance to Unemployed Borrowers
From the California Association of Realtors weekly e-newsletter … Freddie Mac is giving mortgage servicers expanded authority to provide six months of forbearance to unemployed borrowers without Freddie Mac’s prior approval and up to an additional six months with prior … Continue reading
Posted in Uncategorized
Tagged Federal Housing Finance Agency, Forbearance, Freddie Mac, Natural disaster, Unemployment
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Independent Foreclosure Review Process
This is a brought to you by the California Association of Realtors: Homeowners who had a mortgage loan on a primary residence and who believe were financially harmed during the mortgage foreclosure process by GMAC Mortgage, HSBC Finance Corporation, SunTrust … Continue reading
What is HARP and HARP 2.0?
HARP If you’re underwater on your conforming, conventional mortgage, you may be eligible to refinance without paying down principal and without having to pay mortgage insurance. If you meet the following criteria, you could qualify to refinance your home into … Continue reading
Suze Orman on Loan Modification and Short Sale
Suze Orman is a personal finance guru in the United States. She is the host of The Suze Orman Show on CNBC and author of seven New York Times Best Sellers. Her website is http://www.suzeorman.com. Today on ABC’s The View, … Continue reading
Is Short Sale For You?
If you can’t decide whether you want to stay in your home or you want to go, here is a tool to help you make up your mind: Do you want to keep your home? If YES, add +10 Points … Continue reading
Advantages of the HAFA Process
According to market research firm CoreLogic, nearly 11 million of properties nationwide had negative equity at the end of the second quarter of 2011. Another 2.4 million homeowners had less than 5% equity. As of November 2011, 30.2% of homes … Continue reading
Posted in Uncategorized
Tagged California, CoreLogic, Fannie Mae, Foreclosure, HAMP, Home Affordable Modification Program, Short, Short Sale
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10 Reasons Why A Short Sale May Be Best For You
You are not alone. 30%-42% of all homes in the U.S. are upside down. The amount of sale transactions that will be handled through short sales in the next five years is about 85% of all loans issued between 2005 … Continue reading
Posted in Uncategorized
Tagged Foreclosure, Negative equity, Real estate, Short Sale
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Happy New Year!
A brand new year, a brand new slate for new goals and new beginnings. One of the most common New Year’s resolutions is to lose weight. I am going to guess that this year the resolution to get out of … Continue reading
Lily Nyland 