Loan Modification Guide

Q: Where can I download a loan modification guide for free? Answer: Here! Download a free loan modification guide by filling out the form below and the 18-page guide will be emailed to you right away. The Loan Modification Guide … Continue reading

How many loan modifications have been approved in 2012?

How many loan modifications have been approved in 2012? Answer: The number of loan modifications approved in 2012 is on the decline as compared to the same time frame last year. There was a thirty one percent (31%) decline in … Continue reading

Principal Reduction Mortgage and Taxes

Do I get 1099 if I get a principal reduction from my mortgage company?   Answer: Yes. This is called cancellation of debt and you will almost certainly get a 1099-c. Please check with your accountant or tax expert on … Continue reading

What are the signs of short sale fraud

Q:  What are the signs of short sale fraud or loan modification fraud?  A:  The FBI reported a jump of 71% in mortgage relief fraud investigations from 2008-2009, and expects this number to continue to grow. That’s why it’s my … Continue reading

Short Sales in 2012

It’s time to take another look at short sales! As recently as a few months ago, if you would have told me, a real estate agent who specialized in Las Vegas short sales, that I’d be raving about a lender’s … Continue reading

Foreclosure Crisis Fosters True Grief

After my workout early this morning, I walked around outside in my backyard with a cup of coffee and thought about my clients. Across the board, I see in all my clients that foreclosure fears foster true grief. When some … Continue reading

When will home ownership be affordable again?

Q: At what point will home ownership become affordable again? A: My thoughts: Prepare for a new normal. Recent economic upheaval has taken a hefty toll. Looking at 2012, it’s impossible to know what’s next and the kind of an … Continue reading

I am reluctant to give up my property even though I’m upside down on my mortgage.

Q: I am reluctant to give up my property even though I’m upside down on my mortgage and am not making the payments. I keep thinking something will happen that will change my circumstances. Maybe a miracle or something. I … Continue reading

How do I know when my mortgage is out of balance with my budget?

Q: How do I know when my mortgage is out of balance with my budget? A: It doesn’t take much for your mortgage to exceed what your budget can conceivably handle. And it can happen quickly. An expensive car repair, … Continue reading

What can I expect if I start missing my mortgage payments?

Q: What can I expect if I start missing my mortgage payments? A: The most important thing to know is that no matter what stage of default a homeowner is in, there is almost always a way to avoid foreclosure. … Continue reading