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72Understand Loss Mitigation and What It Takes to Negotiate a Short Sale
The Mind of Bank Loss Mitigator Loss mitigators are confusing to society, and lenders can make the average realtors head spin. Lenders , realtors, and investors must work together to be successful, despite...
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71California Foreclosure Process - Understand the Lingo!
CALIFORNIA FORECLOSURE PROCESS (Non-Judicial) You must know the lingo to understand the foreclosure process. Below are the most common words and/or topics in the foreclosure world. Understand them... Delinquent: A loan is delinquent if the...
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63Cancellation of Debt & Possible Tax Liability for Short Sales
Cancellation of Debt & Possible Tax Liability for Short Sales The following information on Mortgage Forgiveness Debt Relief Act was obtained from the IRS website. Only the sections relevant to foreclosures...
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91In a Short Sale, How does Private Mortgage Insurance work?
In today’s economy many homeowners are facing the prospect of losing their homes through foreclosure. There are various options they can try to take advantage of to avoid the foreclosure. One is obviously to sell the home. The difficulty...
10 comments56State Senate Bill 1137 Fails to Reduce California Foreclosures
State Senate Bill 1137 Fails to Reduce California ForeclosuresBack in July of 2008 the governor aka "the Terminator" signed a legislation that imposed new requirements on lenders before they can notice of...
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