Chris 's Blog

Short Sales - Is it worth it? This is a very heavy question.  I have been doing short sales for clients that have no other choice but to sell their home when they cannot make their mortgage payments and the lender is not willing to give them a loan modification that they can afford.  Is it worth ...

If you are interested in buying a bank owned home, you should consult with a well qualified Realtor that understands the ins and outs of homes owned by banks/lenders.  I have been in the Real Estate and Lending business for the past 14 years and understand both the bank side of the contract and y...

A record percentage of U.S. homeowners are facing foreclosure and many more are falling behind on monthly house payments. Foreclosures and mortgage delinquencies number in the millions. According to reports, consumer debt, foreclosures, bankruptcy filings and mortgage delinquencies are higher tha...

When you develop a definite plan of action with well-timed, well-informed steps, you can stop the foreclosure process and save your home. We have outlined the foreclose process for the state of California. Judicial foreclosure available:yes Non-judicial foreclosure available:yes Non-judicial Sale...

AccelerateAn option given to lenders through an "acceleration" clause in the mortgage or deed of trust requiring the borrower to pay the entire balance of the loan all at once if their loan is in default AffidavitA sworn statement in writing usually given while under oath or in the presence of a ...

What is Foreclosure? When homeowners fall behind on mortgage payments, a foreclosure may occur. A foreclosure is a process in which a financial institution repossesses or sells a piece of property because of a loan default. Mortgage lenders usually consider a mortgage to be in default when paymen...

Stop Foreclosure with Loss Mitigation Programs Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosures. They help foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner's ...

Did you know on December 20, 2007 President Bush signed into LAW...   THE MORTGAGE FORGIVENESS  DEBT RELIEF ACT OF 2007 H.R. 3648 If you're at least 30 days behind on your mortgage,  then your mortgage company is willing to consider completely forgiving a significant portion of your mortgage debt...

Chris Plumb with Keller Williams Realty has invited Donna Robinson, the Director of The Real Estate Arena to provide an article this week. Chris Plumb Website:  www.ThePlumbTeam.com (916) 230-9087 3 Key Fundamentals for Finding Good Deals By Donna Robinson, www.REIUonline.com   To find deals you ...

One of the most unpredictable parts of the process of buying real property is the closing. New investor or experienced pro, the deal always comes down to getting it closed. In Georgia, it is called simply "closing". In other states, it may be referred to as "settlement" or "closing of escrow". Th...