Susan V. Gregory's Blog

Selling your home usually means that you are going to move out-but I keep getting asked the question, "Is it possible to short sale my home and rent it back from the new owner?"  Most of these homeowners would love to keep on living in their home, even if as a renter instead of the owner.  While ...

Have you ever heard the saying "The confused mind does nothing"?  I run into this almost daily with my distressed clients.  When faced with a stressful situation, if you don't know how to solve it, you will inevitably do nothing.  It's simply easier to ignore the problem and hope that it will res...

A staggering 63% increase in California foreclosure filings for November 2011 from the previous month may have dire consequences for homeowners hoping to save their home.  Although most banks will suspend sales during the Christmas holiday, expect a surge of trustee sales the beginning of 2012.  ...

First time home buyers are jumping on amazing deals in San Juan Capistrano because of the current market conditions in this historic Spanish mission town.  It's no secret the home values  have decreased, but what most home buyers may not know is that combined with record low interest rates, home ...

he Fed has updated and expanded their home retention outreach called HAMP in hopes that it will offer a solution to more homeowners.  Unfortunately, the number of borrowers who have received help to date is pretty dismal, and the Treasury Department is trying to avoid having to take the blame for...

Successfully navigating the Bank of America Loan Services loan modification department can be a test of persistence, patience and knowledge. Homeowners are being helped every day with a loan workout, but the secret to success is being prepared and informed. You can't just slap something together ...

Borrowers who are struggling with loss of income, increased expenses or some other financial hardship may be able to get help with a government rescue plan paid for with $75 billion in stimulus money.  President Obama's Home Affordability plan is available for borrowers who can no longer afford t...

Feel like you are painted into a corner and running out of out of options because of high mortgage payments?  Wait, you may be able to end the stress and frustration by qualifying for a HAMP loan modification using Obama's federal loan modification plan. The benefits of this government funded loa...

  What is the best way to handle your client’s inquiries about a loan modification?  It is very common for this subject to come up during conversations, listing appointments and meetings with homeowners-the current housing and economic circumstances have caused a lot of fear and confusion for eve...

LOAN MODIFICATION PROGRAMS – TOP 10 FAQS   Here are the most frequently asked questions about loan modification programs that I receive and the answers based on my 25 years of wholesale and retail lending experience: 1.  What is a loan modification program?  A loan modification program offers a c...