Northern California Mortgage Mods

Posts on ‘February 14th, 2009’

Foreclosures in California Drop 31.5%

Completed foreclosures in California dropped 31.5 percent from December to January, according to a report Wednesday in the San Francisco Business Times.
 14,351 foreclosures were completed in January, compared with 20,952 in December. The state still had more foreclosures than any other state, however.
California also ranks second in pre-foreclosure filings, which dropped to 33,008 in January [...]

The Problem With Leaving Modification Up To The Lenders: A Case Study

A couple of months ago, a retired woman contacted me about her home loan. It seems she had been hood-winked into getting a refinance to pay some unsecured bills that left her unable to reasonably make her monthly mortgage payments.  I told her to get me the documents so I could determine the best course [...]