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85What Property Preservation is About
Property preservation involves the securing, protecting, and preparing of properties for sale that have undergone foreclosure, default, or are in bank-owned status. The financial hardships that cause these unfortunate situations leave prior...
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78Understanding Fannie Mae, Freddie Mac, and the Housing Market
In order to understand the relations the two government sponsored enterprises had with the housing market, it may be best to start with a little review of the Federal National Mortgage Association (FNMA or Fannie Mae) and the Federal Home Loan...
2 comments73The Borrower's Cost of Foreclosure
The initial cost of foreclosure to a borrower begins with factors that cause the occurrence of delinquencies in the first place. Major contributors to these factors are job loss, death, illness, divorce, and...
0 comments71Facts about loan modifications
I've heard story after story regarding the mortgage crisis, financial struggles, and the amount of borrowers on the verge of foreclosure. The most common alternative to foreclosure is loan modification....
0 comments71The Pros and Cons of the FHASecure Program
The FHASecure program began September 5, 2007 allowing borrowers with non-FHA ARM mortgages to refinance their loan into an existing FHA program. It was expanded this July 14, 2008. Below are the some of the...
0 comments71Cash for Keys for Occupants of Foreclosed Homes
In a recent cash for keys transaction, a tenant living in a property in Bakersfield, California, called me due to the notice that was posted on her front door by a contractor, who works for my property preservation company. She stressed her worries...
5 comments65How Mortgages Began
In order to understand mortgages, it is best to start with their history and where the idea of a mortgage actually came from. It all began as far back as the 12th Century, when creditors were protected by law by giving them an interest in their...
2 comments66An Open Door to Avoid Foreclosure
The effects of the national foreclosure crisis leave homeowners wondering about what to do next. Where will they live? With their credit ruined, how will they qualify for a new place to live? How will this...
0 comments61Getting Through the Housing Crisis
The Federal Housing Administration's initial plan of being able to provide more housing programs to help improve and increase the housing market has backfired. The constant fall of housing prices and...
5 comments59The Benefits of Loan Modifications
Loan modifications provide benefits for both the borrower and the lender/investor. Borrower Benefits: 1) Payments are more affordable for the borrower 2) Terms are changed towards borrower(s)' benefits or...
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