Vinu Pillai's (vicpillai) Blog

Mortgage and Lending - Surmount Mortgage Services
How to Stop a Foreclosure in California ?    Foreclosure affects everyone. California is a “Trustee Foreclosure State”.  What that means is that a trustee oversees your foreclosure and not a judge.  The informality of non-judicial foreclosures, futile loan modifications, and the lightning speed o...
The “robo-signing of affidavits and Assignments of Mortgage and all other mortgage foreclosure documents served to cover up the fact that loan servicers cannot demonstrate the facts required to conduct a lawful foreclosure. If it turns out that robo-signers did indeed sign off on loans without re...
If you're not behind on your mortgage payments but have been unable to get traditional refinancing because the value of your home has declined, you may be eligible to refinance through the Home Affordable Refinance Program (HARP). HARP is designed to help you get a new, more affordable, more stab...
It is no longer a question of if the banks are wrong. They clearly are.  The Problem If you are someone who pays attention to current events and the news, it is no secret that the banks are currently in a lot of trouble. They have made a lot of mistakes and they are starting to pay the price. In ...
In order for the economy to recover, Commercial Real Estate will need to take the first steps towards that recovery. Commercial Real Estate is typically a lagging indicator of declining economy. Why? Because these property owners and businesses that rent from them are corporations with deep pocke...
Home owners who are facing foreclosure often dread dealing with the facts that got them to that place. If they think back to when they first bought that home, losing the home was probably the furthest thing from their mind. Few home owners actually plan to go into foreclosure. Reasons For Pendin...
A Homeowner ask me the other day, " I'm losing my home, I also own another property if I give it back to the bank can this affect my other home?" Typically not. The foreclosure is based off a secured asset, The Home. The bank has no standing to go after the home not in foreclosure. What you need ...
 Disclaimer: This is not legal advise.  This is purely for educational purposes.  You are to seek legal council in all legal matters. There are a few ways to stay a upcoming sale: Declare a bankruptcy through with it anyway for the purpose of delaying the sale (or you may to go)  File a civil act...
Once you receive a Notice of Default the clock starts on how long you have left before you have to move out of the house. The first thing you want to do is contact your bank and see if they can restructure your loan through a modification. Don't get excited about any principle balance at this poi...
[1]            A  Trustee Sale Guarantee Report is ordered from the title company.  This report will list parties that may have an interest in this property, including all current liens, encumbrances and judgments. [2]            After receipt of the TSG, all parties that have an interest, either...

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