Search San Diego County Foreclosures & Short Sales Implemented in February 2009 HAMP has only helped 933,000 homeowners nationwide reported by the Departments of Treasury and Housing and Urban Development. Housing and Urban Development Secretary Shaun Donovan, Assistant Treasury Secretary Tim Massad, and White House National Economic Council Director Gene Sperling recently held a press… Read More
San Diego Mortgage Loan Modification Scams
February 7, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Loan modification scams rated in the top 10 financial scams of 2011. BBB more than 20,000 scam complaints from people looking for mortgage modifications. There are tons of people out there taking advantage of distressed homeowners. Joy Bender knows the intricacies of the luxury real estate market… Read More
Fannie Mae Freddie Mac Forbearance Program For Unemployed
January 25, 2012 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Fannie Mae beginning March 1st and and Freddie beginning February 1st will begin implementing “forbearance” programs on loans either owned or securitized. It is mandatory for servicers to forbear a homeowner in the even of a job loss for 6 months without advance permission. The servicer will… Read More
Fannie Mae Counts Loan Modifications As A Short Sale
November 2, 2011 By Leave a Comment
Homeowners receiving loan modifications for their primary residence (and noted on their credit report); are now being treated as short sellers by Fannie Mae…even if the homeowner was never late on their mortgage. In other words: A responsible homeowner, who made their payments on time and received a loan mod for their primary residence will… Read More
Fannie Mae And Freddie Mac Say No To Principal Reduction For San Diego
October 7, 2011 By Leave a Comment
If your loan was bought and held or securitized by Fannie Mae and Freddie Mac they will not agree to principal reductions for your home in San Diego. Fannie and Freddie are now under government control and guarantee more than 70 percent of the country’s home loans. These policies against debt forgiveness, or principal reduction,… Read More
San Diego Loan Modification Class Action Mass Joinder Lawsuit
September 30, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Praying on desperate San Diego homeowners who were looking for a last-ditch option to stay in their homes, attorneys and law firms have mailed out 2 million mail pieces in at least 17 states charging homeowners for participations against their lenders . The CA Department of Justice… Read More
Fannie Mae Delay Initiative Foreclosure
August 25, 2011 By Leave a Comment
Fannie Mae has cited a newly implemented “delay initiative” requiring that all mortgages more than 12 months past due must be on an active payment plan with monthly payments coming in order to avoid foreclosure. Requests for postponement in the absence of such a plan are denied. Therefore if you are attempting a loan modification… Read More
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