Millions of homeowners across the nation are staring foreclosure in the face and wondering if anything can be done. According to the most recent government figures, there will be more than 1.7 million foreclosures in the next twelve months.
Will bankruptcy save your home from foreclosure?
“Do you want it to?” (more…)
Posts Tagged ‘stop foreclosure’
Temecula Real Estate – Will bankruptcy save your house from foreclosure?
Thursday, July 22nd, 2010
Important information for homeowners trying to stop foreclosure
Monday, July 19th, 2010
Stop Foreclosure Temecula
If you’re a homeowner in the Temecula real estate market or Murrieta real estate market or other real estate markets in Riverside and San Diego Counties, don’t ignore your homeowner’s association.
There is a growing trend of homeowner’s associations swooping in and foreclosing ahead of the banks. The result is homes are being sold for pennies on the dollar. (more…)
Temecula Real Estate – HAMP Loan Modification an inside view – Week 4
Tuesday, July 6th, 2010Contrary to popular opinion, the Obama Administration’s Making Home Affordable Program continues to show sustained growth each month. The total number of permanent loan modifications continues to grow by 50,000 each month for the last four months.
I’m now in the fourth week of my loan modification, and still holding out hope that I will be one of the successful modifications. According to the most recent statistics (May 2010) the the median reduction was 36% or $500/mo. Even though the total number of active permanent modifications has risen to more than 340,000, the frightening number is there are 3,180,615 loans eligible for loan modification. Only a little more than 11% of eligible loans have been modified.
This week I received a FedEx package from Bank of America, letting me know they had received my loan package (good start!) but that there were documents missing (not so good!).
My initial reaction was, “I guess all those stories are true, these people are incompetent and this will never happen if they lose everything I send them!” (more…)