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	<title>Northern California Mortgage Mods</title>
	<link>http://norcalmortgagemods.com</link>
	<description>Surviving the mortgage mess</description>
	<lastBuildDate>Mon, 06 Feb 2012 04:03:54 +0000</lastBuildDate>
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		<title>Principal Pay Down Plan</title>
		<description><![CDATA[A couple of weeks ago, Cathy wrote about the Principal Pay Down Plan. This is an idea to restructure a homeowner’s mortgage to allow that 5 months of payments will go towards principal only.  The un-paid interest could be added on to the end of the payment term, so the mortgage company would lose nothing. [...]]]></description>
		<link>http://norcalmortgagemods.com/2012/02/05/principal-pay-down-plan/</link>
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		<title>Behind in Your House Payments?  Sell.</title>
		<description><![CDATA[Earlier, I wrote an article about five things that can be done if you get behind on your house payments. I promised to take each suggestion in turn, and elaborate on the general process. The first suggestion was to sell your house. This of course is easier said than done as the economy is in [...]]]></description>
		<link>http://norcalmortgagemods.com/2012/01/31/behind-in-your-house-payments-sell/</link>
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		<title>Four Dynamite Don&#8217;ts for Troubled Home Loans</title>
		<description><![CDATA[When you&#8217;re trying to save your home, just as important as a to-do list  is a list of Don&#8217;ts. Bill Purdy, a law professor and Santa Cruz County real estate  lawyer, is my go-to guy for mortgage and foreclosure issues.  Here&#8217;s his  list of worthless ideas  for saving your home. Today just about everyone knows [...]]]></description>
		<link>http://norcalmortgagemods.com/2012/01/28/four-dynamite-donts-for-troubled-home-loans/</link>
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		<title>Is Your Lender Picking Your Pocket?</title>
		<description><![CDATA[Force-placed insurance on your home protects only the lender, not you. Please repeat:  force-placed insurance protects only the lender, not you. When the mortgage company buys the insurance on your home, you lose. Every mortgage or deed of trust requires that the borrower have insurance to protect the structure in case of fire or other [...]]]></description>
		<link>http://norcalmortgagemods.com/2012/01/23/is-your-lender-picking-your-pocket/</link>
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		<title>Is There Such A Thing As An Independent Foreclosure Review?</title>
		<description><![CDATA[The form in the mail promised an independent review of your lender&#8217;s foreclosure practices. However, it  looked a lot like come-ons from scammers. Two clients this week asked if this was real and whether they should sign up. I read the form and did a little research.  I concluded One, it is real. Two, it [...]]]></description>
		<link>http://norcalmortgagemods.com/2012/01/05/is-there-such-a-thing-as-an-independent-foreclosure-review/</link>
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		<title>5 Things That Can Be Done If You Are Behind In Your Mortgage Payment</title>
		<description><![CDATA[Since the hope of a judicially supervised mortgage modification in bankruptcy seems to have died in the Senate, let’s examine the available options to resolve a mortgage deficiency. Once you get behind, mortgage arrears can snowball to a point where you can’t just “catch up.”  When that happens, there are 5 things you can do: [...]]]></description>
		<link>http://norcalmortgagemods.com/2012/01/01/5-things-that-can-be-done-if-you-are-behind-in-your-mortgage-payment/</link>
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		<title>Lifeline for Underwater Homes</title>
		<description><![CDATA[The parent agency for Fannie Mae and Freddie Mac is considering a proposal for mortgage pay down through Chapter 13, Reuters reports.  The White House denies interest in the plan. The Principal Pay Down Plan, conceived by Norma Hammes, a San Jose bankruptcy lawyer, and promoted by NACBA, would allow homeowners in Chapter 13 bankruptcy [...]]]></description>
		<link>http://norcalmortgagemods.com/2011/12/21/lifeline-for-underwater-homes/</link>
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		<title>Settlement with Banks = Trust and Recovery?</title>
		<description><![CDATA[The Wall Street Journal reports that banks and a number of states are close to a settlement.  It is estimated that $19 Billion would be paid and banks would be monitored by an agreed upon third party, to ensure compliance with the terms of the deal.  Although nothing has been announced the article notes that [...]]]></description>
		<link>http://norcalmortgagemods.com/2011/12/14/settlement-with-banks-trust-and-recovery/</link>
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	<item>
		<title>Foreclosure Crisis Continues</title>
		<description><![CDATA[The New York Times states that the foreclosure crisis isn’t even half over!  Ouch! The Times cited a report that analyzed the troubled homes from 2004 to 2008 and found that at least 2.7 million mortgages made between 2004 and 2008 have ended up in foreclosure and that there are nearly another 4 million in [...]]]></description>
		<link>http://norcalmortgagemods.com/2011/12/10/foreclosure-crisis-continues/</link>
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		<title>Get Back In The Real Estate Market After A Short Sale</title>
		<description><![CDATA[Is there  home ownership after a short sale? One of the huge fears that keeps homeowners paying on underwater homes that overload their budget  is the worry that if they bail on the present house, it will be forever before they can buy another home. Not so, says Keith Rockmael, a Bay Area real estate [...]]]></description>
		<link>http://norcalmortgagemods.com/2011/12/05/get-back-in-the-real-estate-market-after-a-short-sale/</link>
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