trustee sale: 100,000 OWED BY BORROWER IN FORECLOSURE HOW CAN THIS BE?
- 10/15/11 11:31 AM
How can someone not pay their mortgage for years and still remain in the house? Here in California, after 90 days, they file a NOD and then start the process for a Trustee sale within 3 weeks. Unless the borrower shows some signs of responding either by moving, paying, modifying or short selling, the system should move it right along as designed. WHAT IS NOT WORKING HERE? Here is where it gets confusing. I attended a seminar that B of A held and one of their main points was they the investors are calling the shots not them. They emphasized that … (0 comments)
trustee sale: FORECLOSED....OWNER/RENTER to SQUATTER/TRESPASSER.. Part 1
- 06/10/10 02:08 AM
Millions of people across the United States are in trouble. One of every four (4) homes has a problem. Some are there unexpectedly and others are there strategically. Trouble for anyone is not good regardless of the cause. Either way, here is some data that you need to know if you are going to navigate through foreclosure and all its demands. If you are negotiating a loan modification, you are dealing with certain departments and sometimes two or three. All are run separately and answer to themselves. These departments are far from being efficient or being fair or helpful. Quite the contrary, … (60 comments)
trustee sale: FORECLOSED..... OWNER/RENTER to SQUATTER/TRESPASSER Part 2
- 06/10/10 02:08 AM
If you are like millions of others, you are in a foreclosure scenario right now as we read in PART ONE (1). This is uncharted territory for all concerned. Things can happen pretty slow or fast. Be prepared to handle your worst case scenario or it will handle you. Here is part TWO (2) of some data that can help you and keep you navigating through this very stressful procedure. Of interest to agents, investors, homeowners, renters and even neighbors are what happens to a property before, during and after a foreclosure.......... Next time you leave your home, look around you … (9 comments)
trustee sale: FORECLOSED......OWNER/RENTER to SQUATTER/TRESPASSER.. Part 3
- 06/10/10 02:07 AM
In parts one (1) & two (2) of the post of the same titles, we are learning what happens to people who are facing foreclosure, what the Banks and investors are thinking and doing, and how the people that need to know all this are the last to know but....... are the first to get hurt. So, here is what can happen to a owner who is caught in his own foreclosure regardless of how he got there.........and of course there are variations galore on this most miserable journey. Investor will serve a three day notice to quit the premises right … (15 comments)
trustee sale: SNEAKY BANK OF AMERICA LOAN MODS TAKES THE CAKE...........
- 06/03/10 02:38 AM
I have clients that have been negotiating a loan modification with this bank for 1.5 years now. They have sent in all that has been required and requested and then they have sent it in again and again. In addition, they have been in contact with this Bank 1-2 times a week for over 14 months trying to get the case closed and settled. After repetitive contacts and visiting with all the different departments and of course the famous on hold for Guinness record times......they state that the mod is FINALLY going out in 2 weeks. Four weeks go by and then packages … (85 comments)
How can someone not pay their mortgage for years and still remain in the house? Here in California, after 90 days, they file a NOD and then start the process for a Trustee sale within 3 weeks. Unless the borrower shows some signs of responding either by moving, paying, modifying or short selling, the system should move it right along as designed.
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