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Foreclosure Basics

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An Explanation of Loan Forbearance

Loan forbearance is when your lender agrees to give you a temporary or short time period in which to catch up on your late mortgage payments.  Gener...

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Foreclosure vs Bankruptcy on Credit Score

You’re behind on your mortgage—do you declare bankruptcy, or do you default and allow the bank to foreclose? Which option....

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HAMP: The Home Affordable Modification Program

The Home Affordable Modification Program is a program developed by the federal government in response to the mortgage crisis. This program offers o...

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How to Avoid Foreclosure Scams in California

California forclosure scams are becoming more common these days being so many Californians are trying to avoid foreclosure or stop foreclosure on thei...

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Income Tax Implications in Foreclosure/Default

Tax Liability is Generated with any Debt Forgiveness, including Short Sale, Modification, Deed-in-Lieu of Foreclosure, Foreclosure Sale. Debt Forgiven...

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Suing a Lender to Stop Foreclosure

If you’ve had trouble meeting financial obligations, you may be worried about your lender suing you. However, under certain circumstances, you can...

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What Happens if You Default on the Mortgage on Your Property

When a borrower is late on their mortgage payment, a default on mortgage occurs. A default on mortgage situation can result in a borrower losing the...

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What to Do If You Receive a Notice of Mortgage Default

The Notice of Default starts the foreclosure process and is provided to homeowners who have missed two payments and are 60-days behind.  If the bor...

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What to Do When Facing Foreclosure

Facing foreclosure is a stressful and heart wrenching situation.  Homeowners caught in this difficult position come to my office daily for assistan...

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