Archive for September, 2009
September 23, 2009 | Lenders, Negotiations, Short Sale | 2 Comments
When a Lender has exhausted all measures in their attempt to get the homeowners to make payment and get current on their mortgage, the lender has no other alternative but, to foreclose on the property. For the lender this costs thousands of dollars. The lender will have to pay an attorney to handle ...
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September 5, 2009 | Short Sale | No Comments
A Deficiency Judgment is when a lender sues a homeowner, that has defaulted on their mortgage, for the difference between the mortgage payoff and what the lender was able to receive from the sale of the property. Not all states’ foreclosure laws allow the lenders to sue for a deficiency judgm...
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September 1, 2009 | Loan Modification | No Comments
Unfortunately there are people out there that will take advantage of you when you are down. These lowlifes will prey on you when you are desperate and in need of help. They’ll use your own good nature against you. These so called “Loan Modification” companies will gladly charge ...
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