Real estate blog entries tagged with short sales and foreclosures by Gary Miljour - Mortgage Lending for Arizona and California (My City Lender Home Loans)

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Home : Blogs : Gary Miljour - Mortgage Lending for Arizona and California : Gary Miljour's Blog: Mortgage Lending for Tempe Arizona : Tag "short sales and foreclosures"

short sales and foreclosures: The Unspoken Truth about Short Sales, Loan Modifications and Foreclosures - 09/02/11 01:16 PM

With a struggling economy and an extremely weak real estate market, clients have been looking for real options to make their ugly real estate situation go away. Here are some questions from the unspoken that no one wants to talk about:

Should I Short Sale my Home?

Can I get approved for a Loan Modification?

How does a Foreclosure effect my credit?

When can I buy again after a Short Sale?

Is there a way to buy again right after a Short Sale or Foreclosure?

These … (3 comments)

short sales and foreclosures: Short sale deals give no guarantees to anyone! - 09/24/09 02:34 PM

Normally, I would not be so negative about short sales, but I have experienced many problems in the last30 days with short sales that we do not encounter with bank forclosures.
Situation #1. Buyer,seller and lender all agree to short sale. The file is opened up, appraisal and inspections are ordered, the loan file is processed, underwritten and approved. Then the docs are being drawn and the file does not close. Why?
The bank who agreed to short sale decided to foreclose on the property and does not inform anyone including the sellers and buyer. For all parties involved, valuable time, … (7 comments)

short sales and foreclosures: Want to Save Millions of Dollars in Mortgage Lossses? Hire the Right Mortgage Servicer! - 11/30/07 12:49 PM

I am going to stop feeling sorry for my end investor who keeps reporting millions to billions of dollars in mortgage losses this year and say this. "It's your own damn fault"
You put cheap money out there and now people are defaulting. To add salt to the wound, you hire mortgage servicers who will not help work out the problem with the borrower and now you are writing some huge losses.
Yesterday, I got a call from one of my best Realtor partners who asked for me to try and help his client refinance their home. I knew if we could … (29 comments)

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Gary Miljour - Mortgage Lending for Arizona and California

Tempe, AZ

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My City Lender Home Loans

Address: 2350 E. Germann Road Suite 34, (Corporate Office) , Chandler, AZ, 85286

Office Phone: (480) 945-4545 x corp

Cell Phone: (480) 251-0002

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Arizona BK-0920007 California DRE-01889021 My City Lender Home Loans NMLS#161428 Gary Miljour Licensed Loan Originator NMLS#207208

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