by countyproperties | Jan 13, 2013 | loan modification, San Diego Short Sales
Homeowners having trouble paying their mortgage are often required to write a hardship letter when applying for a loan modification. Such a letter is a requirement for modification applications under the government’s Making Home Affordable program. A hardship...
by countyproperties | Dec 9, 2012 | San Diego Foreclosure news, San Diego Short Sales
One of the federal government’s most-important financial relief efforts for underwater homeowners started operating Nov. 1. Making sense of the story Traditionally short sales, where the lender agrees to accept less than the full amount owed and the house is...
by countyproperties | Oct 19, 2012 | San Diego Foreclosure news, San Diego Short Sales
Very often there arises a question in your mind as to whether you should stop making the mortgage payments since it is beyond your affordability. There are many mortgage questions and answers that a prospective homeowner requires knowing but very few actually solve...
by countyproperties | Sep 18, 2012 | Latest News, San Diego Short Sales
Homeowners who qualify for the Fannie-Freddie short-sale program could see their credit scores fall, even when they’ve made timely payments on their loans. With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short...
by countyproperties | Aug 16, 2012 | Latest News, loan modification, San Diego Foreclosure news, San Diego Real Estate, San Diego Short Sales
In thefirst six months of 2012, the nation saw 385,468 completed loan modifications, a 28% drop from year-ago levels, Hope Now said. Foreclosure starts also declined 15% while completed foreclosures fell 10% from the same six-month period of 2011. Of the homeowners...
by countyproperties | Aug 3, 2012 | loan modification, San Diego Foreclosure news, San Diego Short Sales
Federal Housing Finance Agency Acting Director Edward DeMarco will not allow principal reduction onFannie Mae and Freddie Mac loans. “Given our multiple responsibilities to conserve the assets of Fannie Mae and Freddie Mac, maximize assistance to homeowners to...
