Short Sale vs Deed-In-Lieu
The difference between a short sale and a deed-in-lieu of foreclosure transaction is determined by who is responsible for selling the property. In a short sale, you will be responsible for selling your house at a fair market value, even if it is less than the amount you owed on the mortgage. [...]

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Foreclosure Facts.
IF MY CREDIT SCORE IS LOW, DOES IT AFFECT MY CHANCES OF SUCCESS?
Because Loss Mitigation is strictly negotiating with your lender, it is not driven or affected by your current credit score. Through Loss Mitigation, all forms of income are acceptable, which include room rental, family member contributions, home based business, and any other [...]

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Step 1: GATHERING INFORMATION
We spend about an hour with you on the phone gathering all of the necessary information.
Step 2: EVALUATING INFORMATION
We review your situation and pre-qualify you for our programs.
Step 3: CREATING AND SUBMITTING FINANCIAL PACKET
As part of our service to you, your file is assigned to a knowledgeable and experienced financial [...]

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The Homeowner Affordability and Stability Plan (HASP)
The Homeowner Affordability and Stability Plan HASP is an ambitious program by the Obama administration to address the mortgage crisis. It entails $75 billion in direct spending a $200 billion invested in Fannie Mae and Freddie Mac.
President Obama’s hope is that it will help 7 – 9 million current [...]

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Loan Modification is the alteration or change in material terms or characteristics of a mortgage loan contract, generally due to the inability for the borrower to make payments according to the terms of the original mortgage contract. If the lender voluntarily agrees to modify the terms of the mortgage contract, the idea is to [...]

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