San Jose CA – It takes a lender months to foreclose on your house. I have seen some lenders take 2-3 years to foreclose on a house. There are two reasons this is happening. First, there are a lot of … Continue reading →

The re-default rate of loans modified in the first quarter of 2009 was 51.5 percent by the end of the year, according to the Office of the Comptroller of the Currency and the Office of Thrift Supervision. Assistant Treasury Secretary, … Continue reading →

Many people think you will have a better opportunity of getting a loan modification if you pay up some of your back payments. It all depends on who you are talking to at your lender. When you first get behind … Continue reading →

If you can’t afford your house payment, or are in foreclosure, then you should ask your lender for a loan modification. Many San Jose Homeowners are getting their loan modifications approved. However, it takes a lot of work. You may … Continue reading →

Here is a question we received recently about short sale deficiencies. We have a first mortgage with EMC. Just got an approval letter on a short sale. NO language in letter that says ”satisfied in full” or words to that … Continue reading →

Depending on who you are, when someone mentions IRS, it instills fear in most taxpayers. Here is our opinion on the whole forgiveness thing. Please note that all of the info stated below is my personal opinion on this subject. … Continue reading →