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...]

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...]

You Do Not Need The Mortgage Debt Relief Act In Arizona Or California To Short Sale

You Do Not Need The Mortgage Debt Relief Act In Arizona or California 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 and California 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 … [Read more...]

Principal Reduction and HARP Come Together

Principal Reduction and HARP Come Together I have been speaking for some time about HARP. The Home Affordable Refinance Program. I have heavily criticized the idea of any kind of refinance or loan mod of mortgages that are underwater that do not come with a principal reduction. Well, I had a conversation with Reginald Givens at the Arizona Department of Housing several months ago and he explained … [Read more...]

Another Year of Short Sales

Another Year of Short SalesĀ  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? 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

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...]