$18 Billion For California In National Multi-State Mortgage Settlement

Search San Diego County Foreclosures & Short Sales A rough estimate of allocation $849 million to refinance 28,000 homeowners who are upside down but current on their payments $279 million in restitution for 140,000 family’s who were foreclosed upon between 2008 and 2011 $1.1 billion allocated for unemployed homeowners, transitional assistance, and repairing blight $3.5… Read More

San Diego Loan Modifications & Principal Reductions

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

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

HAMP Principal Reduction Home Affordable Modification Program

The Treasury Department released data indicating that as of October, participating servicers of HAFA Home Affordable Foreclosure Alternatives program, have completed approximately 20,700 short sales and deeds in lieu. Less than 600 of the 20,700 were deeds-in-lieu. The PRA or Principal Reduction Alternative program started in October 2010 for mortgages not guaranteed by Fannie Mae… Read More