Latest Mortgage News
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...
YouTubers Austin and Catherine McBroom’s Home Foreclosed
YouTubers Austin and Catherine McBroom Woodland Hills home was recently foreclosed upon by their lender, 5 Arch Funding Corporation, for failing to make payments on their $8.7 million mortgage. The celebrity influencers were served with a notice of default in May...
Rich Dad Poor Dad Author Robert Kiyosaki Predicts Major Housing Crash
The Rich Dad Poor Dad author, Robert Kiyosaki has been in the news lately for saying that a major crash is coming to the real estate market and the stock market due to the debt crisis of China’s largest property developer, the Evergrande Group. The Chinese developer...
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...
Flex Loan Modifications for Fannie Mae and Freddie Mac Mortgages
The CARES Act was designed to help struggling homeowners during the COVID pandemic by offering mortgage forbearance options. Millions of homeowners took advantage and didn’t have to pay their mortgage for three months or longer, depending on the lender. Now that the...
When will the FHA mortgage moratorium on evictions end?
On July 30, 2021, the Federal Housing Administration (FHA) announced an extension of its moratorium on evictions for foreclosed borrowers and their occupants through September 30, 2021, in response to COVID-19 and the ongoing economic recovery. FHA’s eviction...
What documentation is needed for a mortgage refinance?
The documents required for a mortgage refinance will vary depending on the lender you use. If you stick with your current lender, chances are they still have a lot of your information already on file. However, much of this information will change over the years and...
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...
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...
San Francisco tenants get 6 figure buyout to leave luxury apartment
A San Francisco couple received a record court settlement of nearly half a million dollars for agreeing to leave their luxury apartment of thirty years. The $475,000 voluntary buyout was paid to a couple in their 60s with teenage children who were paying $12,500 a...
LoanSafe’s Mortgage Expert
Let LoanSafe’s mortgage expert, Erik Sandstrom show you the best home loan options that are available to you in 2021 and going into 2022. Rates are low and it may be a good time to get a new mortgage. Call Erik with Prime Lending at 619-379-8999,
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Sed porttitor lectus nibh. Praesent sapien massa, convallis a pellentesque nec, egestas non nisi. Cras ultricies ligula sed magna dictum porta. Donec rutrum congue leo eget malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec sollicitudin molestie malesuada. Sed porttitor lectus nibh. Cras ultricies ligula sed magna dictum porta. Quisque velit nisi, pretium ut lacinia in, elementum id enim.
Donec rutrum congue leo eget malesuada?
Sed porttitor lectus nibh. Praesent sapien massa, convallis a pellentesque nec, egestas non nisi. Cras ultricies ligula sed magna dictum porta. Donec rutrum congue leo eget malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec sollicitudin molestie malesuada. Sed porttitor lectus nibh. Cras ultricies ligula sed magna dictum porta. Quisque velit nisi, pretium ut lacinia in, elementum id enim.
Donec rutrum congue leo eget malesuada?
Sed porttitor lectus nibh. Praesent sapien massa, convallis a pellentesque nec, egestas non nisi. Cras ultricies ligula sed magna dictum porta. Donec rutrum congue leo eget malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec sollicitudin molestie malesuada. Sed porttitor lectus nibh. Cras ultricies ligula sed magna dictum porta. Quisque velit nisi, pretium ut lacinia in, elementum id enim.
Quisque velit nisi, pretium ut lacinia in, elementum?
Sed porttitor lectus nibh. Praesent sapien massa, convallis a pellentesque nec, egestas non nisi. Cras ultricies ligula sed magna dictum porta. Donec rutrum congue leo eget malesuada. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Donec sollicitudin molestie malesuada. Sed porttitor lectus nibh. Cras ultricies ligula sed magna dictum porta. Quisque velit nisi, pretium ut lacinia in, elementum id enim.
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