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Friday
Dec312010

Loan Modification in Los Angeles, CA: A Guide

Home values in Los Angeles, Calif., have declined dramatically over the past several years. This has placed many homeowners in an impossible situation: their monthly loan payment is too high and selling the home is not an option because its value is less than the mortgage. If you’re in this position, you may have considered loan modification. While loan mod is a viable option for some homeowners, a short sale is often the best solution for reducing debt and increasing personal net worth. In this guide, I’ll explain loan modification in Los Angeles, debunk some common myths and help you determine if short sale is the better choice for you.

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Friday
Dec312010

Loan Modification in Los Angeles County, CA: A Guide

Due to the dramatic decline in home values in Los Angeles County, California over the past several years, many homeowners have found themselves in an impossible situation: their monthly loan payment is unaffordable and selling the home is not a solution because its value is less than the mortgage. You may have considered loan modification, if you’re in this situation. Loan mod can be a workable option for some homeowners; however, a short sale is often the preferred solution for lowering debt and increasing personal net worth. In this guide, I’ll give an overview of loan modification in Los Angeles County, discuss some common myths and help you decide if short sale is the right choice for you.

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Friday
Dec312010

Loan Modification in Irvine, CA: A Guide

Over the past several years, home values in Irvine, Calif., have declined substantially, placing many homeowners in an awful situation: their monthly home loan payment is too high and selling the house is unfeasible because its value is less than the mortgage. If you’ve found yourself in this position, you may have contemplated loan modification. While loan mod is a possible solution for some homeowners, a short sale is often the superior solution for lowering debt and increasing personal net worth. In this guide, I’ll go over loan modification in Irvine, discredit some common myths and help you conclude if short sale is the best option for you.

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Friday
Dec312010

Loan Modification in Corona, CA: A Guide

Home values in Corona, Calif., have decreased significantly over the last few years. This has positioned many homeowners in a hopeless situation: their monthly loan payment is too high and selling the house isn't the answer because its value is less than the mortgage. If you're in this predicament, you may have contemplated mortgage loan modification. Though loan mod is a potential solution for a few property owners, a short sale is often the better choice for cutting debt and increasing personal net worth. In this guide, I'll explain loan modification in Corona, debunk a number of widespread myths and help you decide if short sale is a better option for you.

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Tuesday
Aug242010

Short Sales in Orange County protected from debt collectors

With the current state of the economy and homeowners facing financial difficulties, short sales have become increasingly common among Orange County homes. Using a short sale rather than foreclosure in OC means it reduces the negative impact on your credit rating - which has got to be a good thing. The other good news relates to the Mortgage Foregiveness Act of 2007.

What Is A Short Sale And Is It A Good Idea? | Financial Aid

The Mortgage Forgiveness Act of 2007, has been extended to 2010, protects OC real estate home owners from debt collectors seeking monies owed beyond the sales price of primary residences.

Rather than walking away from a negative asset or losing your home to a bank foreclosure, a short sale will have a less severe impact on your credit, and more importantly we can re-qualify for home loans much sooner.