Kevin W Hardin

Kevin W Hardin BIO The Mortgage Mediation Group assists homeowners, attorneys, realtors, loan officers, and other professionals with issues related to Mortgages. These issues may be Credit Report Errors, Short Sale, Loan Modification, Foreclosure, Deficiency, RESPA, TILA and Post Foreclosure-related claims under the California Homeowner Bill of Rights. Kevin W Hardin is the Specialized … [Read more...]

Short Sales Not Extinct Yet

Short Sales Not Extinct Yet Unlike the dinosaur, Short sales are not extinct yet. However, the number of short sales has reduced dramatically as many Arizona and California homeowners have recovered much of their equity. Today, there are still Arizona and California homeowners that think that short sales have gone away but, short sales are not extinct yet. Why have they come back or … [Read more...]

Expiration of The Mortgage Forgiveness Debt Relief Act

Expiration of The Mortgage Forgiveness Debt Relief Act Did it kill short sales? It should have had little impact on them. Expiration of The Mortgage Forgiveness Debt Relief Act (MDRA) has left questions in the minds of Arizona and California homeowners. Will homeowners owe a tax to the IRS if their lender forgives their mortgage debt in a foreclosure or short sale? While there are many articles … [Read more...]

Keep Your Home California

Keep Your Home California Keep your home California has announced changes to two of its programs. The Principal Reduction Program and The Mortgage Reinstatement Assistance Program have been expanded. In a recent article, Keep Your Home California, explains that “Despite an improving economy and job market, there are still many homeowners who are struggling every month or just need a little … [Read more...]

Underwater Home

Underwater Home "Underwater Home" may not mean what you think. According to CoreLogic 10.8% of all mortgage homes in the US are underwater, that is, more is owed on the home than it is worth. For Arizona that number is larger. 18.7% of Arizona homes are underwater with the Greater Phoenix area showing 18.8% of mortgaged homes are underwater. Does it end there? No. If you owed $100,000 on a … [Read more...]

Mortgage Mediation Group

Mortgage Mediation Group Scottsdale, AZ – Kevin McCarthy, Managing Partner of McCarthy Law PLC, announced today the addition of the Mortgage Mediation Group to its legal services offering.  The firm has engaged Kevin W. Hardin to act as Director of the Mortgage Mediation practice group for the firm. Kevin W. Hardin, CMB has acted as Director of the Mortgage Mediation Group for the last … [Read more...]

Round 2 of Loan Modifications and Short Sales

Round 2 of Loan Modifications and Short Sales If we go back and look at the bulk of the loans that were either paid short in a short sale or modified by a HAMP or HAMP-like loan modifications, their vintage was 2005 to 2007. What this means is that loan modifications that fixed some aspect of affordability back in 2008 through 2011 are going to be resetting in 2015. Most HAMP loan mods or … [Read more...]

Mortgage Forgiveness Debt Relief Act Ends 2013

Mortgage Forgiveness Debt Relief Act WHY THE EXPIRATION OF THE MORTGAGE DEBT FORGIVENESS ACT RARELY APPLIES TO ARIZONA SHORT SALES AND FORECLOSURES After years of extensions to the Mortgage Debt Forgiveness Relief Act, this act will expire at the end of this year. As a result, homeowners were pressured to sell their properties prior to the end of the year and if unsuccessful, told that … [Read more...]

Lower FHA Loan Limits For 2014

Lower FHA Loan Limits For 2014 Hud just release Mortgagee Letter HUD No. 13-184 HUD ANNOUNCES NEW FHA LOAN LIMITS for 2014 TO TAKE EFFECT JANUARY 1ST The existing FHA loan limits for 2013 around the country were the result of HERA Housing and Economic Recovery Act of 2008, which is not going to be extended this year. HUD has now announced that those FHA Loan Limits for 2014 are lower. You … [Read more...]

No Dual Agency On FHA Short Sales

No Dual Agency on FHA Short Sales That is right. While many real estate agents were sleeping, a new rule is about to go into effect on October 1, 2013 and NAR (National Association of Realtors) is fighting, last minute, to prevent the implementation. I am always amazed at these last minute "Chinese Fire Drills." In a Mortgagee Letter, dated July 9, 2013, (Mortgagee Letter 2013-23) HUD put all … [Read more...]