Underwater In Your Home or Facing Foreclosure, We can help
Declined for HARP; What do I do now? So, you have been through every lender there is and cannot secure a HARP refinance. What do you do now? If you are reading this you owe more than your home is worth. According to a Q1 2013 report form Corelogic, Arizona is running almost 30% of homes are underwater or in negative equity position. California is running close to 25%. The market has improved … [Read more...]
Are You Climbing Out of the Basement of Negative Equity? We have heard so much talk about the recovery in the Arizona and California market. Everyday some talking head is screaming "The market is coming back!" Back?!? Really? Back to what? Are you climbing out of the basement of negative equity? Over the last 5 years I have worked with over 6,000 homeowners who were upside down in their … [Read more...]
You Do Not Need The Mortgage Debt Relief Act In Arizona To Short Sell Your Home. Due to the potential expiration of the Mortgage Debt Relief Act last year in December 31, 21012, Realtors had underwater Arizona Homeowners running for the short sale because if they waited too long they would not close in 2012 and might now owe taxes on a short sale or foreclosure if they waited till 2013 to do so. … [Read more...]
Price recovery in most housing markets will slow down Article in Housingwire today discussed that in some markets price appreciation or price recovery will begin to slow down, possibly even go backward. In Arizona, which has seen some of the greatest recovery as it was one of the hardest hit states, will see some flattening of pricing. "The data index reported that the markets with the strongest … [Read more...]
Owe More Than Your Home Is Worth? If you are reading this you owe more than your home is worth. That is, your home is underwater. What do you do? From many this is a problem to live with. You made a commitment and you are going to stick to it. For some, you can no longer afford the home and the negative equity is preventing you from a traditional sale. For still others, a point is coming in the … [Read more...]
Original Article. Urban Institute: Foreclosure backlog to 'take decades to complete' « HousingWire. How this affects Arizona, time will tell. Arizona is not a judicial state and though foreclosure filings i.e. recording Notices of Trustee Sale have risen, the speed of which homes are going to foreclosure slowed. There are still rampant problems with the foreclosure process and properly … [Read more...]
Another Year of Short Sales at Mortgage Mediation Group 2011: A year of foreclosure litigation and strategic default. Can I get a No Duh! Bottom line, we can expect Short Sales to play a huge roll in 2012. Are you ready? http://www.housingwire.com/2011/12/28/2011-a-year-of-foreclosure-litigation-and-strategic-default Great article. Master of the obvious. We would all love for their to be … [Read more...]
Fannie Mae Removes 'Ability to Repay' from HARP 2.0 Guidelines original article here Stated Income / No Doc comes back to lending. huh? I really want people to make good decisions, but this is nutts. Didn't we already make this mistake in the recent past? Harp 2.0 is starting to look allot like good old No Doc refinance. Sure it is good for the originator to get additional business, but … [Read more...]
Arboleda Brechner (www.abfirm.com) is pleased to announce the addition of Kevin W. Hardin CMB, CMC, CMPS to the firm. Mr. Hardin was previously the Director of the Mortgage Mediation practice group (www.MortgageMediationGroup.com) at Thomson Law, PLC, the leading practice group involved in Short Sales and Foreclosures here in Arizona. With negative equity and foreclosure issues growing unabated it … [Read more...]
FTC Will Not Enforce Provisions of MARS Rule Against Real Estate Professionals Helping Consumers Obtain Short Sales Today, July 15th, the Federal Trade Commission issued a Press Release found here that notices the Real Estate Community that they will not enforce certain provisions of the MARS rules against Real Estate Agents. "As a result of the stay on enforcement, these real estate … [Read more...]
