Real estate blog entries tagged with lender by Lynnette Phillips Real Estate Consultant

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Home : Blogs : Lynnette Phillips Real Estate Consultant : Lynnette's Blog : Tag "lender"

lender: Renters Can Fall Victim to Foreclosure Too - 04/08/08 11:26 AM

Home owners aren't the only ones who can fall victim to the foreclosure scourge.Thousands of renters are finding themselves suddenly homeless (see this CBS news video). Some lenders offer renters a "Cash for Keys" program others just put them out on the street.
To make matters worse, renters are also falling prey to foreclosure scam artists.
I talked with Doug & his wife. They had been convinced by one seemingly sincere man that he had just purchased the house and although the county records hadn't caught up yet showing him as the owner they could go ahead & pay him the $2000 … (8 comments)

lender: Got an Upside Down Home Loan? - 11/25/07 08:38 PM

Because values have dropped your home won't appraise at what it did a couple years ago. And now the 2 year fixed rate loan that allowed you to buy your home and make affordable payments has just reset increasing the payment.
Your obvious first choice is to refinance the loan. That's what your loan originator expected to happen at the end of the fixed-rate period. Unfortunately what wasn't expected was the decrease in value. What now?
Try a call to your current lender and explain that there is just no way you can keep making this larger payment. Ask about renegotiating the … (1 comments)

lender: Find Yourself in a Pre-Foreclosure Situation? Don't Give Up Hope! - 10/22/07 01:13 PM

Life is full of ups and downs. Any of us can suffer from a financial setback for any number of reasons...unemployment, illness or injury, divorce. But there ARE options to help you get back on track. The first and possibly most important thing to remember in this situation is time is crucial. If you have already received a Notice of Default you usually have only 90 to 120 days.

To help put your thoughts in order keep these important points in mind.
Respond to letters or calls from your lender. Analyze your budget and financial situation. Be prepared to share details … (15 comments)

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Lynnette Phillips Real Estate Consultant

Yucaipa, CA

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Address: Yucaipa, CA, 92399

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**The Posts and Comments contained in this blog are not intended as legal advice.**