Paul Flores's (bkrpaul) Blog

When you are having a tough time financially, it may seem like you will never get back on your feet. But, most people do get back on their feet. They find another job and start making money again. Their credit will usually be back to normal in 2-3 years. Why not buy a new home at that time? If yo...

Orange County CA – The Stop Foreclosure Institute recently received a question from Luis. Here is Luis's Question. "I am working on a loan modification on my home. I just don’t want to be upside down and want a fair interest rate. Why should I pay on a mortgage that is twice as much as my home is...

Orange County CA – Here is another common loan modification mistake that many homeowners make. They accept a very short term payment agreement that is not a loan modification. They could have gotten a real modification, but settled for whatever the lender recommended to them. They settled for wha...