Rene Bayani's (discoverteam) Blog

I just want to take the time to notice and send prayers out to all the people who's homes, property and lives have been affected by the rain storms that have circled Southern California over the past 5 days.  As I watch the news, I see different people who have been evacuated from their homes as ...

  In a state like California, where most of foreclosures occur by way of trustee's sale, as opposed to judicial foreclosure, if you request a loan modification from the lender or its servicing agent, the trustee may cancel or postpone the sale date, while your loan modification request is under c...

  It's surprising to me to see how many agents and people in the real estate/banking industry consider December a "dead month" for conducting business.  Yes this is the holiday season.  Yes there are plenty of people who are going on vacations to see family, play in the snow or lay out and soak u...

  Email marketing can be one of the most valuable tools you have at your disposal when it comes to promoting your business, converting potential customers and retaining current customers.  As with any other field, there are best practices that should be followed and things to avoid if you want to...

 This timeline shows what the state requires (per the California Civil Code) and the timing typically involved in the foreclosure process.  The timeline starts with the recording of a Notice of Default (NOD) and goes through the Sale Date.   Day 1   Record Notice of Default, California Civil Code...

  The foreclosure timeline will vary depended upon your location, your home loan payment history and your lender.  But the following are some basic guidelines of what you can expect with estimated timelines: You have missed your first home loan payment; you may not face any penalties for up to 16...

Summary of HAFA Advantages     Uses borrower financials and hardship information already collected in connection with consideration of a loan modificiation Allows borrowers to receive pre-approved short sale terms before listing the property (including the minimum accetable net proceeds).        ...

Mortgage vs Deed of Trust Most people use the terms mortgage and deed of trust interchangeably, or rarely use "deed of trust" at all.  However, in fourteen states, including California, mortgages are rarely used. There are big differences between the two types of security interests. The major dis...

  Issue Short Sale Foreclosure Credit Score A short sale itself will minimally affect your credit score, usually around 50-180 points. Late payments usually have the largest negative impact on your credit score from a short sale and can average 30 points or more each.  Maintaining the health of y...

  A Lender does not want to foreclosure on your home because it cost them money versus making them money to do so.  They, like you, consider this a last option strategy.  By going through the foreclosure process, the lender accumulates the following debits against their bottom line:      o     Lo...