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
$18 Billion For California In National Multi-State Mortgage Settlement
February 13, 2012 By Leave a Comment
San Diego Loan Modifications & Principal Reductions
February 9, 2012 By Leave a Comment
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
HAMP Principal Reduction Home Affordable Modification Program
December 14, 2011 By Leave a Comment
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
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
Loan Modification In San Diego Effect On Future Mortgage Loan Financing
October 1, 2011 By Leave a Comment
Homeowners receiving loan modifications in San Diego for their primary residence (if 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… 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
Freddie Mac Principal Reduction Loan Modification For San Diego
September 14, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Struggling homeowners that have Freddie Mac mortgages will have a new opportunity for loan modifications beginning next month. The new option is called a Standard Modification. It is intended for borrowers who are ineligible for a Home Affordable Modification Program (HAMP) loan modification, or have previously defaulted… Read More
San Diego Loan Modification Attorney CA
August 25, 2011 By Leave a Comment
Search San Diego County Foreclosures & Short Sales Four law firms in Southern CA allegedly banded together to file “mass joinder” lawsuits, which effectively combined cases with separate but similar circumstances into one legal filing. Around 2,500 California homeowners were tricked into paying thousands of dollars to join a lawsuit against lenders that went nowhere…. Read More
San Diego Loan Modification
August 21, 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
San Diego Free Loan Modification Help
July 8, 2011 By Leave a Comment
Are you experiencing frustration getting your loan modification approved? Are you in your 2nd or 3rd trial period? Have you had a loan modification agreement in writing and recently been notified by your bank that it is no longer approved? Are you in a loan modification however you continue to get notices of trustee sale?… Read More
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