619-379-8999

More than 1.3 million ‘zombie’ homes in the US

Property analytics firm, ATTOM recently reported more than 1.3 million ‘zombie’ homes in the US. The definition of a ‘zombie’ property is a home abandoned by homeowners who have defaulted on their mortgage due to a pending foreclosure and remains vacant, while the...

read more

What is a Deed in Lieu of Foreclosure?

If you are unable to pay your mortgage, refinance, or get a loan modification, you may be able to qualify for what is called a "deed in lieu of foreclosure." A deed in lieu of foreclosure (DIL) is a legal procedure in which you willingly transfer your property's title...

read more

How to write a hardship letter with examples

To qualify for a loan workout such as a loan modification, short sale, or forbearance, you as the property owner must write a hardship letter to your lender to prove that you are facing financial difficulties. The purpose is to explain the details of your financial...

read more

How to get a loan modification

A loan modification changes your current mortgage contract, such as a reduced interest rate or extended loan terms agreed upon by the lender and the homeowner. For homeowners struggling to manage or behind on their current mortgage payments, a loan modification will...

read more
Share This