In Foreclosure and Want to Keep Your Home? Try a Short Refinance…

Posted on January 24th, 2010 by James Holden

This is definitely one of the big banks and lenders best kept secrets.  But with the recent increase in foreclosures and the tightening of lender guidelines, which makes it even harder to qualify in today’s market for a refinance, and not to mention the drop in property values in such areas as Fort Lauderdale and [...]

Can’t Refinance? Then Get a Loan Modification…

Posted on January 23rd, 2010 by James Holden

If you live in areas such as south Florida and you bought a house within the last 5 years, then you are probably having equity issues, such as no equity or worst negative equity, which mean you are upside down and now owe more to you lender than your house is worth.  Or if you [...]

Short sale approval can be a lengthy and complex process. Obtaining approval for short sales must be processed through the lender’s Loss Mitigation Department. There are many steps involved with a trail of paperwork.
When lenders engage in short sale approval transactions they agree to accept a lesser amount than is owed on the mortgage note. [...]

 
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