Garrett Sutton's (gsutton) Blog

In this difficult real estate market, many investors are advised to just turn in the keys and walk away from a property they can't afford.  The lender will record a notice of default and if the borrower doesn't cure the arrearage, a notice of trustee's sale will be calendared and the property wil...

What is a loan modification? A loan modification is a fixed and permanent change to one or more terms of a mortgage, resulting in more favorable interest rate and payment requirements for the borrower. Is it different from "refinancing"? Yes, refinancing a home loan requires the expenditure of cl...

Lenders and mortgage brokers over the last few years took a huge advantage over homeowners by offering unrealistic teaser rates and pay option loans. Many of these so-called ‘financing professionals’ never told their victims that fixed 30 year mortgages were available, and even cheaper, because t...

The increase in foreclosures has resulted, predictably, in a surge in the number of scamsters pretending to want to help homeowners in need. Here are some of the scams to be aware of: The Bailout: The homeowner is led to believe that by signing over title to the house he or she can remain as a re...

American Shame: Homeowners Forsaken So here we are: several million homeowners across the country are living with the distinct prospect of losing their homes through foreclosure, thousands of them right here in Nevada where nearly one out of two homes is under water -- that is, the amount of the ...