HAMP

Decline in Foreclosures Outpaces Decline in Loan Modifications

by troysage January 27, 2014 HAMP

Decline in Foreclosures Outpaces
Decline in Loan Modifications

Is the Decline in Foreclosures that now outpace the decline in Loan Modifications a sign that the housing market is on the rebound?  Are homeowners in a better position to negotiate with lenders and keep their home?  Well, the data below provided by DSnews.com gives us the numbers, …

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Are Loan Mods Working? HAMP’s Redefault Rate at 27% and Likely to Rise

by troysage November 1, 2013 HAMP

Are Loan Mods Working?  HAMP’s Redefault Rate at 27% and Likely to Rise

For those of you who have been following me, now is the time to ask yourself Are Loan Mods Working? HAMP’s Redefault rate at 27% and likely to Rise.  Why is this?  Because Loan Mods don’t work!  Loan mods are designed to help …

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Loan Modification Stats

by troysage September 4, 2013 HAMP

Loan Mod Stats

We’ve heard time and time again that Loan Modifications are working and helping homeowners.  With all the talk of Loan Modifications actually helping homeowners, I thought it only appropriate to post some facts about Loan Mods and Loan Mod Stats.

First we must understand that banks are in the business of making money.  This …

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Troy Sage Temecula Real Estate – Foreclosure Freeze and Short Sales

by October 11, 2010 Foreclosures

Hot off the presses, major banks including Bank of America, JPMorgan Chase, and GMAC have Halted foreclosures.  This announcement came last week as an attempt for banks to revisit their foreclosure process, and allow the banks time to make sure they are evaluating delinquent loans properly.  So, what does that mean for homeowners?

This is …

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Troy Sage – Temecula Up Front Cost to Homeowners for Short Sale Help

by September 24, 2010 Foreclosure Alternatives

Up Front Cost to Homeowners for Short Sale Help

One of the most common questions from homeowners in in the Temecula area that are in distress is “What will it cost me to have a realtor negotiate my Short Sale?”. The answer should be nothing! I know I’m going to get hate mail for this from …

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What’s a Short Sale

by September 9, 2010 Foreclosure Alternatives

Short Sale, What’s a Short Sale?Our Real Estate market has taken on several faces and trends within the past few years. Good, bad, or indifferent, real estate has always been cyclical. Historically real estate markets are on a 10 to 15 year cycle. During these cycles we will experience a Sellers Market, a Stable Market, …

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