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Loan modification, foreclosure defense, short sales and other strategies for the burdened homeowner

Tag Archives: Loan Balance

USA Short Sales: Is Renting or Buying Back a Short Sale Mortgage Fraud?

USA – In many cases, short selling your home and then renting or buying it back is considered mortgage fraud. Because loan modifications are so difficult many homeowners are considering selling their home and then renting it from the new owner. Many homeowners look at this as the best way to get their loan balance… Continue Reading

USA Short Sales: Why Might a Short Sale Be Preferred Over a Loan Modification?

USA – Homeowners who would prefer to get out from underwater may prefer to do a short sale compared to a loan modification. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. A short sale means the bank will accept a reduced payoff and release the loan. If your… Continue Reading

Introduction To Loss Mitigation Concepts Course- Lesson 1- Options: Staying in House

Lesson 1- Options: Staying in house Let’s start with your options for staying. Some of these options are obvious:   My foreclosure option #1- Catch everything current- you can cure the default and catch everything current. That’s an option if you have money. I’m assuming that you wouldn’t have gotten in the situation if you… Continue Reading

Foreclosure options for staying in your home- Video lesson 1 transcription (part 1 of 3)

Your options for avoiding foreclosure and staying in your home My foreclosure option #1- Catch everything current- Let’s start with your options for staying. Some of these options are obvious like you can cure the default and catch everything current. That’s an option if you have money. Obviously I’m assuming that you wouldn’t have gotten… Continue Reading