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07/23/2013

Short Sales, Deeds-in-Lieu and “Cash for Keys”

by: Joseph Gonzales   Short Sales In simplest terms, a short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. Not all lenders will accept short sales because there may …

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07/16/2013

Loan Modification

by: Joseph Gonzales   ​A loan modification is a way that homeowners can lower their monthly mortgage payments and potentially get into more stable loans at today’s low rates. There are many different types of loan modification programs depending …

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07/09/2013

Foreclosure Defense

by: Joseph Gonzales  A growing number of homeowners in the foreclosure process have begun to fight back against abusive and unfair practices that lenders have engaged in over the years.  Foreclosure is a legal proceeding and people facing …

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07/09/2013

What is Foreclosure?

by: Joseph Gonzales  Mortgage foreclosure is the legal right of a mortgage holder (lender) or third-party lien holder to gain ownership of the property and the right to sell the property if the property owner defaults. The lender may then use the …

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10/08/2012

Home Loan Modification: What is it?

​The Making Home Affordable ® Program (MHA) ® is an important part of the Obama Administration's comprehensive plan to stabilize the U.S. housing market by helping homeowners get mortgage relief and avoid foreclosure. To meet the various needs …

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