Posts Tagged ‘Foreclosure Rescue’

It seems Loan Servicing companies are pushing their delinquent borrowers to do a Deed-In-Lieu rather than a Short Sale.  This has been cause for speculation among Realtors doing Short Sales.  Why would the banks want to do DIL in a down market (Florida), when a Short Sale now would net them more money and help […]

5 Reasons Foreclosure Prevention Is Like Halloween 1.       Tricks I don’t know if kids do this anymore, but I remember part of the fun, the anticipation, of Halloween was coming up with a “Trick” to offer in exchange for candy – a joke, rhyme, hand stand, armpit noise or, if you were desperate, a song.  […]

I almost flipped when I saw this headline!  Finally, the nasty games mortgage servicing companies play are being brought to light.  I’ll bet we see more of these articles and lawsuits.  And I’m willing to wager that this sounds familiar to homeowners: Failing to credit homeowners who submitted their payments on time. Falsely claiming that […]

Inevitably, my clients that are behind on their mortgage payments and possibly facing foreclosure ask me, “What about a loan modification?”  Here’s my answer: Modifications are intended primarily for owner occupants.  Also, attempting a loan modification does not stop the foreclosure process. By the time the property owner finds out the bank won’t cooperate on […]

I just finished reading Dewey, The Small-Town Library Cat Who Touched the World. What a great book, great story, great cat.  In the 1980s, right around the time Dewey showed up in the overnight book drop, Iowa farmers were experiencing what Florida homeowners are experiencing right now. The only difference is that, in addition to losing […]

One of our Realtors has been working with a Buyer that has an offer on a Short Sale that is listed with another Realtor. The Seller’s bank approved the sale. WoW! That’s like winning the lottery! We specialize in Short Sales, and I tell you, they are a LOT of work. And lots of frustration […]