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...]

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...]

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...]

Declined For HARP

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...]

Climbing Out of the Basement of Negative Equity

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...]

Principal Reduction

I want a principal reduction on my mortgage. I hear that everyday from prospective clients. I completely agree. I want those homeowners to receive one. A couple years ago, they were a figment of our imagination. Today, principal reduction has become more of a reality. Clients are beginning to see more of them. With housing prices in our markets going up and with the amount of negative equity … [Read more...]

Arizona Zombie Mortgage

Do you have an Arizona Zombie Mortgage? You have an Arizona Zombie Mortgage. Sometimes called a Zombie Foreclosure as in an article in the Chicago Tribune, original article here. There are many of these zombie mortgages in Arizona. Not as many as some states like Florida, but many just the same. They just will not die! The bank will just not foreclose. You are not making payments and it will not … [Read more...]

Price recovery in most housing markets will slow down

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

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...]