How to Get a Loan Modification with Flagstar Bank
My clients come to me all the time because they need help on a mortgage. They know that I’ve been a mortgage broker for 20+ years and that I speak “bank”. Or as one client said ” I’m not a good negotiator. I don’t know what to ask for or how to ask. You do [...]
The Instant Loan Modification
I have a buddy that was going through a divorce when this financial time bomb began it’s implosion. The market got soft, his investments grew sour and he had to sell property to keep his head above water. During the drama, he struggled with the loan on his primary residence. He got a few months [...]
Old Republic Insurance NOT Cooperating in HAFA
I have the pleasure of working with a BofA first and second on a short sale. I know! Scary enough to deal with BofA. But wait, there is more. Apparently Old Republic Insured the second and BofA redeemed the insurance thereby assigning the second lien to Old Republic. [ I've actually had conflicting stories on [...]
The Next wave
When the implosion started it was folks that could not afford a home, should not own a home and did not own a home for long. There was an undercurrent of deceit toward the broker and wrath was taken out on the lender in the form of “missing kitchens”, appliances in the pool, and copper [...]
3 Tools to Avoid Being Scammed
I just had a conversation with a “loan modification company” that is telling an acquaintance that they can rescind his foreclosure in 90 days. When I asked more about the programs; who the attorney was, what their license # was I got ” I am not authorized to disclose that information”. To me that means [...]