Archive for the 'Sacramento Loan Modification' Category
FTC and California Attorney Gen. Publish Tips to Avid Modification Scams
Authorities publish tips to avoid loan modification scams; It's not just happening here in California! Trying to get to homeowners before scam artists; FTC and local and state authorities have recently cracked down those that prey on struggling homeowners. The FTC has produced a video to increase awareness of the problem and to teach struggling homeowners how to avoid scams. As part of its inter-agency crackdow. Dubbed "Operation Loan Lies" the video can be watched and downloaded at www.ftc.gov/YourHome, or below. [youtube]http://www.youtube.com/watch?v=GvxOC5SBEyI[/youtube] For homeowners seeking to lower their monthly home loan payments, here are some tips on avoiding being caught in a scam. The suggestions come from the FTC and the office of California Atty. Gen. Jerry Brown: The first thing anyone seeking to modify an existing loan should...
Loan Modifications Way Up With A Dramatic Increase In Prime Borrowers Going Seriously Delinquent
[caption id="attachment_104" align="alignleft" width="300" caption="Loan Servicers Say They Are Busy; Backed Up Trying to Keep People in Homes"][/caption] Loan Modifications and workouts have More than doubled in the past year! But they are being driven by more prime borrowers going delinquent. It has always been clear to me that this would happen as soon as the ARM’s and Pick-A-Pay loans started resetting. These borrowers are high income, high credit score homeowners who are obviously more likely to contact their bank and try to stay in their home. So becouse of the Governments newest push to keep people in their homes and homeowners who want to stay, Modification numbers have more than doubled. Instead of walking away and giving the banks no alternative to taking the...
California’s Latest Foreclosure Moratorium May Not Make Much Difference…
Will the latest Foreclosure Moratorium make much of a difference in the long run? Will it give more options to Sacramento Area Homeowners? With another highly publicized foreclosure moratorium starting here in California on June 15th; many buyers, sellers, and real estate professionals have wondered how big the impact will be on the housing inventory here in the Sacramento area. It seems the impact has already been felt and dealt with. Lenders and loan services that already have a comprehensive loan modification program in place are exempt from the law. So most banks, lenders and servicing companies, even if they did not have one in place originally, have put one in place since the law was written in February when The California Foreclosure...
Enter your email to subscribe.
Sacramento Short Sale Report
Click Here
A Bank Report Card
Real Estate Resources
visit: SACRAMENTO REAL ESTATE TALK
visit: SAC HOME SEARCH
visit: REAL ESTATE SACRAMENTO
visit: BLOG FOLSOM
