ARCHIVED BLOG POSTS
2011
Modoc CA – The Stop Foreclosure Institute recently received a question from Werner. “I am behind on my payments and thinking of just letting my home go into foreclosure. What does that do to the neighborhood?” he asked. Here is our answer to his question. It does hurt the neighborhood. But, it a...
01/10/2011
Modoc CA – The Stop Foreclosure Institute recently received a question from Richard. “I accepted a job transfer and had to move. Unfortunately we were upside down on the house. I decided to rent it out rather than short sale it. The renters just moved out. I just checked the house. They trashed...
01/10/2011
Yes, you can Short Sale and buy another home. Modoc [state(acronym) – We get this question a lot from people. “I am upside down and need to move. I would like to buy another home. Can I do that?” they ask us. Today they can. FHA (the Federal Housing Administration) has a new program that enable...
01/10/2011
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Typical Abandoned Real Estate Modoc CA– The New York Time had an interesting article about one man’s mission in the fight to stop foreclosure. According to the article, Mark Guerette, attempted to make use of all the empty, abandoned houses he saw. I get frustrated when I see homes sitting empty...
01/10/2011
Stockton CA – The Stop Foreclosure Institute recently received a question from Jennifer. She is having a hard time selling her home. “I have had my house for sale for a little while, but it hasn’t sold. No buyers have come to look at it. At first I thought the price was fair. But, now that no on...
01/10/2011
Modoc CA – In this case I would recommend you sell the house. Now, if you are reading this blog, then you must be researching a short sale. Which means that you are probably upside down on the home. You have three options. Option #1: Let your lender foreclose on the home. You just stop making th...
01/10/2011
Modoc CA Loan modifications have become a joke. People get turned down for no reason at all. People really want to keep their home, but just can’t figure out what to do. The loan modification negotiators realize how desperate the homeowners are. They use their power over the person to take an e...
01/10/2011
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Modoc CA – A forbearance is when you catch up all your back payments and continue paying your original mortgage payment. This is a good option for many. However, it doesn’t reduce your payment as much as a loan modification does. Discover how to negotiate a loan modification here. Most lenders a...
01/10/2011
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Modoc CA – I heard about a guy who got ripped off by a debt collector. The debt collector asked if he could pay them $500. He wanted to do the right thing. So he agreed to pay the $500. The debt collector sent him a form to make the payment thru his checking account. He filled out the form and s...
01/10/2011
Stockton CA – Another agent asked me about a short sale. His seller owed 270k. The house was selling as a short sale for 170k. The lender had two opinions of the house value. They said the house was worth 220k. However, the agent thinks those are incorrect because the house has been on the open ...
01/10/2011
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Ron Cedillo
Helping People and Enjoying Life