stop foreclosures los angeles: Loan Modifications Are a Farce … Short Sales Offer Relief - 06/23/10 12:55 PM
Loan Modifications Are a Farce ... Short Sales Offer Relief
It would be nice if the Obama administration would contact people in the situations of losing their homes and not the banks. Then, they would know how to deal with the situation. The administration is failing miserably by paying off the banks.
Yesterday, MSNBC announced that 1.24 million borrowers dropped out of the modification programs. Loan modifications are a farce, as you are still stuck with a house that is not worth keeping and working hard to keep it. If they let go, the homeowner can relieve themselves of the pressure … (2 comments)

stop foreclosures los angeles: Government Sources Regarding Loan Modifications, Shortsales and Foreclosures - 06/14/10 09:04 AM
Government sources say to never pay for loan modifications up front. Compared to the previous year, this past year has seen 109.3 times as many complaints regarding loan modifications. That’s money that you and I have wasted by paying someone else to do that you can easily do yourself.  Besides, you still have to compile all the information the company needs.That was the bad news. Now let me tell you the worst news: even if you get the loan modification that you want ... in 99.4% of the cases the government says you will still owe the same amount or more … (0 comments)

stop foreclosures los angeles: Stop Foreclosures - Los Angeles - 05/06/10 05:38 AM
Stop Foreclosures - Los Angeles
There is more and more conversation regarding strategic defaults. And that only makes sense since the number of borrowers deciding to take this path is increasing exponentially.
What is a strategic default?
Let's first define strategic default in simple terms. According to Wikipedia:
A strategic default is the decision by a borrower to stop making payments (i.e. default) on a debt despite having the financial ability to make the payments.
This is particularly associated with residential and commercial mortgages, in which case it usually occurs after a substantial drop in the house's price such that the … (0 comments)

 
Shelley Gross (Pacific Inter Capital Solutions)

Shelley Gross

Tarzana, CA

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Pacific Inter Capital Solutions

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