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
Fannie Mae And Freddie Mac Say No To Principal Reduction For San Diego
October 7, 2011 By Leave a Comment
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
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