foreclosure: I Can No Longer Afford My Lifestyle. - 09/05/10 10:34 PM
I Can No Longer Afford My Lifestyle. I'm not much of a tv watcher but being sick the last few days, I just wanted to lay around and free my mind. I stumbled upon this show on MTV True Life called, "I Can No Longer Afford My Lifestyle." I must admit over the last couple of days I have watched tons of reality tv. This show really caught my attention, however. Seems that gone are the days of the extravagant scenes of people living lavish lifestyles. Watching three people's very different lifestyles and the changes that they endure as the result … (9 comments)
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foreclosure: Mortgage Assistance Available For Unemployed - 07/02/10 04:51 PM
Mortgage Assistance Available For Unemployed The Home Affordable Unemployment Program (HAUP) started July 1, 2010. It will provide homeowners a forbearance of monthly mortgage payments, either reducing them or suspending them for at least three months. Servicers can extend the timeline depending on regulatory guidelines.
Some guidelines for qualification include:
1. Homeowners have a first-lien mortgage originated on or before Jan. 1, 2009.
2. The unpaid principal balance on a single-unit primary residence must be equal to or less than $729,750
3. The mortgage has to be in default or in imminent default.
4. Those who have already gone through the … (2 comments)
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foreclosure: Fannie Mae's Policy Regarding Tenants in Foreclosed Properties - 01/02/09 04:35 PM
On December 15, 2008, Brian Faith, Managing Director at Fannie Mae issued a statement regarding their new policy regarding tenants residing in foreclosed properties. The new policy will allow tenants in Fannie Mae-owned foreclosed properties to stay in their homes if they can make their rental payments. For tenants who would prefer not to enter into a lease, we will continue to offer monetary support for the transition to a new residence as an alternative option. As a result, it is estimated that between 7,000-10,000 families have been able to stay in their homes as a result of the foreclosure and … (0 comments)
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foreclosure: Bank Owned-15216 Yorba Ave., Chino Hills- $224,900 - 12/22/08 08:35 AM
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foreclosure: BANK OWNED-17470 La Serena Ct., Riverside, CA- $459,900 - 12/20/08 04:58 PM
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foreclosure: Diamond Bar Home For Sale-3541 Crooked Creek-$424,900 - 11/29/08 05:13 PM
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foreclosure: 7428 Tucson Lane, Fontana-$305,000 - 11/29/08 05:25 AM
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foreclosure: Fontana, CA Home For Sale-15265 Bluffview, Fontana-$299,900 - 11/29/08 04:39 AM
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foreclosure: Countrywide Mortgage Plan set to Begin December 1st--Will It Help You? - 11/20/08 07:57 AM
The latest help effort for distressed home owners set to roll out December 1st is aimed at borrowers with subprime mortgages or option ARM which allow homeowners several pay options each month. The premise is to modify a loan's terms to create a new monthly payment. The new monthly payment would include principal, interest, taxes and property insurance and equal 34% of a borrower's verified income. Countrywide and its subprime unit promised to consider modifying any type of loan for borrowers who cannot afford their payments, however, this bailout effort is predominantly for subprime loans and option ARMs. Other provisions include: … (0 comments)
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foreclosure: Garden Grove, CA Foreclosure--Only $242,900 - 06/01/08 06:45 PM
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foreclosure: 5567 Victoria Falls, Chino Hills, CA- Real Estate Owned-$449,900 - 04/05/08 08:26 AM
Association Dues $35 … (2 comments)
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foreclosure: How Did We Get Here?--The Foreclosure Fiasco - 10/20/07 04:50 PM
Maintaining low interest rates for an extended period means speculation AND risk-taking. The option adjustable rate mortgage and interest only mortgages were fairly new creations offered to sub-prime borrowers in high volumes. Additionally, we are just now beginning to see how these mortgages perform in periods of economic stress. The low introductory rates made homeownership more affordable thus adjustable rate mortgages increased. The premise was to refinance BEFORE the interest rates reset within two to five years. The PROBLEM? the market softened (whoops) and it has become difficult to refinance. The RESULT? Foreclosures.
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foreclosure: How Do I Recover After Foreclosure? - 10/11/07 01:57 PM
Although your home falling into foreclosure will leave a negative mark on your credit report there are steps that you can take to get your credit back on track:
1. Rebuild Good Credit- Six months after the foreclosure appears on your credit report, begin rebuilding your credit by opening new lines of credit such as major credit card and a charge ctard. Remember to pay the bills on time.
2. Take Your Time- Do not apply for a new mortgage for two years so that you will have significant time for your rebuilt credit history to show.
3. Comparison Shop for … (5 comments)
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foreclosure: Weblinks for Homebuyers and Foreclosure Tips - 09/11/07 06:15 PM
Here's a great link for helping concerned clients through the current market:
www.yourhome.ca.gov/ to help Californians make informed decisions when buying a home or managing an existing mortgage. The website provides detailed information for borrowers in danger of foreclosure by explaining the foreclosure process, providing tips on working with lenders to hopefully avoid foreclosure, and demonstrates how to file a complaint with the appropriate agency, if the borrower believes a violation of the law has occurred.
A Spanish-language version of the website can be reached by visiting http://www.sucasa.ca.gov/
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