The new wave taking over the courthouse these days, is lenders filing suits against the prior homeowner/borrower for the deficiency of the mortgage judgment, after the foreclosure auction or short sale. A deficiency balance is the short fall, or balance that is left due and owing, after a property either sells on the foreclosure auction […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12015-01-04 13:04:062015-01-04 13:04:06COLLECTION OF DEFICIENCY AFTER FORECLOSURE
In an announcement Thursday afternoon, the Consumer Financial Protection Bureau said it will engage in additional foreclosure protection to consumers. The announcement comes on the heals of a recorded $16 Billion record settlement by Bank of America for violations in failing to resolve its claims related to its toxic mortgages leading up to the financial […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12015-01-03 12:51:462022-12-20 13:59:44ADDITIONAL FORECLOSURE PROTECTION EXPECTED FOR CONSUMERS BY CFPB
WHETHER YOU ARE BUYING OR SELLING REAL ESTATE… THE MARKET IS HOT!! WE ARE BACK TO THE DAYS OF THE BIDDING CASH WARS, WITH BUYERS PLACING OFFERS AT OVER LISTING PRICE, AND SELLERS CHOOSING THEIR BUYER FROM MANY A POOL OF EAGER TAKERS. HOWEVER, IN THE TAIL END OF THE FINANCIAL FORECLOSURE CRISIS, WITH SO […]
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A RECENT NEVADA SUPREME COURT DECISION THAT ALLOWS HOMEOWNERS ASSOCIATIONS TO TRUMP MORTGAGE LENDERS IN FORECLOSING ON HOMES SENT A SHOCK WAVE THROUGH THE MORTGAGE INUDSTRY LAST WEEK. THE RULING IN ESSENCE ALLOWS HOMEOWNERS ASSOCIATIONS TO SELL A PROPERTY TO THE HIGHEST BIDDER, FOR EXAMPLE $3,000, $4,000 OR $5,000 AND EXTINGUISH THE DEBT A MORTGAGE […]
Struggling private student loan borrowers, who have gone into default, and having trouble making ends meet, have options. The Consumer Financial Protection Bureau, who has studies 5,300 private student loan complaints, have reported that of the over 5,000 loans analyzed during a one year period, complaints rose by more than 37 percent, most of them centered […]
FHA, VA and USDA all offer programs for homeowners that are upside down on their mortgages, struggling to make ends meet. These programs offer reduce mortgage payments, up to 31 percent of the monthly gross income, making payments affordable. Programs can also decrease the interest rate, stretch out the amortization of existing loans and often […]
DO I HAVE TO STOP PAYING MY MORTGAGE IN ORDER TO QUALIFY FOR A LOAN MODIFICATION OR SHORT SALE?… This question comes up again and again during consultations with clients. And the answer is always resoundingly… NO! You are not required to miss a mortgage payment in order to qualify for HAMP, HAFA, or any […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-09-22 13:43:152014-09-22 13:43:15ARE YOU REQUIRED TO MISS A MORTGAGE PAYMENT TO QUALIFY FOR A MODIFICATION OR SHORT SALE
If your first mortgage was modified or in the process of being modified, and you have a second mortgage on the property, either HELOC or other type of loan, the Obama Administration has created numerous programs to assist with eliminating the debt on these second mortgages. Often, a homeowner is upside down and the options […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-09-22 13:23:202022-12-20 13:59:35SETTLEMENT OF A SECOND MORTGAGE
The Making Home Affordable Program is Obama’s way of helping homeowners avoid foreclosure. Homeowners that are eligible, can “lower their monthly mortgage payments and get into stable loans at today’s low rates. And for those homeowners for whom homeownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure.” […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-09-22 12:44:272022-12-20 13:59:44AVOIDING FORECLOSURE – THE MAKING HOME AFFORDABLE PROGRAM
You have stopped paying your mortgage, have been served with a foreclosure complaint, Lis Pendens, and don’t know what to do. Although filing an Answer pro se (representing yourself on your own behalf) is better than not filing anything at all, since a reply is required 20 days from the date of service of you will […]
https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.png00jaspa1https://jaspa1.wpengine.com/wp-content/uploads/2018/07/logo_final_dark1.pngjaspa12014-09-22 12:30:012022-12-20 13:59:32HOW TO STOP A FORECLOSURE AND AVOID A BANKRUPTCY
COLLECTION OF DEFICIENCY AFTER FORECLOSURE
UncategorizedThe new wave taking over the courthouse these days, is lenders filing suits against the prior homeowner/borrower for the deficiency of the mortgage judgment, after the foreclosure auction or short sale. A deficiency balance is the short fall, or balance that is left due and owing, after a property either sells on the foreclosure auction […]
ADDITIONAL FORECLOSURE PROTECTION EXPECTED FOR CONSUMERS BY CFPB
CFPB, Foreclosure, Loan ModificationsIn an announcement Thursday afternoon, the Consumer Financial Protection Bureau said it will engage in additional foreclosure protection to consumers. The announcement comes on the heals of a recorded $16 Billion record settlement by Bank of America for violations in failing to resolve its claims related to its toxic mortgages leading up to the financial […]
FULL SERVICE REAL ESTATE LAW FIRM SERVICING BUYERS, SELLERS AND REALTORS
UncategorizedWHETHER YOU ARE BUYING OR SELLING REAL ESTATE… THE MARKET IS HOT!! WE ARE BACK TO THE DAYS OF THE BIDDING CASH WARS, WITH BUYERS PLACING OFFERS AT OVER LISTING PRICE, AND SELLERS CHOOSING THEIR BUYER FROM MANY A POOL OF EAGER TAKERS. HOWEVER, IN THE TAIL END OF THE FINANCIAL FORECLOSURE CRISIS, WITH SO […]
WILL THE NEVADA COURT OPINION ALLOWING HOA’S TO EXTINGUISH MORTGAGES AFFECT FLORIDA COURTS?
UncategorizedA RECENT NEVADA SUPREME COURT DECISION THAT ALLOWS HOMEOWNERS ASSOCIATIONS TO TRUMP MORTGAGE LENDERS IN FORECLOSING ON HOMES SENT A SHOCK WAVE THROUGH THE MORTGAGE INUDSTRY LAST WEEK. THE RULING IN ESSENCE ALLOWS HOMEOWNERS ASSOCIATIONS TO SELL A PROPERTY TO THE HIGHEST BIDDER, FOR EXAMPLE $3,000, $4,000 OR $5,000 AND EXTINGUISH THE DEBT A MORTGAGE […]
Distressed Student Loan Borrowers have options
UncategorizedStruggling private student loan borrowers, who have gone into default, and having trouble making ends meet, have options. The Consumer Financial Protection Bureau, who has studies 5,300 private student loan complaints, have reported that of the over 5,000 loans analyzed during a one year period, complaints rose by more than 37 percent, most of them centered […]
VETERAN’S ADMINISTRATION HOME AFFORDABLE MODIFICATION
FHA, HAMP, Loan ModificationsFHA, VA and USDA all offer programs for homeowners that are upside down on their mortgages, struggling to make ends meet. These programs offer reduce mortgage payments, up to 31 percent of the monthly gross income, making payments affordable. Programs can also decrease the interest rate, stretch out the amortization of existing loans and often […]
ARE YOU REQUIRED TO MISS A MORTGAGE PAYMENT TO QUALIFY FOR A MODIFICATION OR SHORT SALE
ForeclosureDO I HAVE TO STOP PAYING MY MORTGAGE IN ORDER TO QUALIFY FOR A LOAN MODIFICATION OR SHORT SALE?… This question comes up again and again during consultations with clients. And the answer is always resoundingly… NO! You are not required to miss a mortgage payment in order to qualify for HAMP, HAFA, or any […]
SETTLEMENT OF A SECOND MORTGAGE
UncategorizedIf your first mortgage was modified or in the process of being modified, and you have a second mortgage on the property, either HELOC or other type of loan, the Obama Administration has created numerous programs to assist with eliminating the debt on these second mortgages. Often, a homeowner is upside down and the options […]
AVOIDING FORECLOSURE – THE MAKING HOME AFFORDABLE PROGRAM
UncategorizedThe Making Home Affordable Program is Obama’s way of helping homeowners avoid foreclosure. Homeowners that are eligible, can “lower their monthly mortgage payments and get into stable loans at today’s low rates. And for those homeowners for whom homeownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure.” […]
HOW TO STOP A FORECLOSURE AND AVOID A BANKRUPTCY
Foreclosure, Loan Modifications, Real Estate, Short SalesYou have stopped paying your mortgage, have been served with a foreclosure complaint, Lis Pendens, and don’t know what to do. Although filing an Answer pro se (representing yourself on your own behalf) is better than not filing anything at all, since a reply is required 20 days from the date of service of you will […]