Josh Talayka | August 6, 2010
The federal government’s guidelines for standardizing short sales have been in effect since April 5, 2010. These guidelines are an addition to Obama’s Making Home Affordable program. The new HAFA program is designed to offer an alternative solution in the form of a standardized short sale for homeowner’s who meet minimum eligibility for the Home Affordable Modification Program (HAMP), but are still unable or unwilling to work out a plan to stay in their home. The program offers cash incentives to borrowers who participate and ensure any remaining debt is forgiven.
Category: HAFA, Loan Modification Series |
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Tags: Chase International, debt forgiveness, Foreclosure, HAFA, HAMP, Home Affordable Foreclosure Alternative, Making Home Affordable, Nevada, NV, Real Estate, reno, short sale, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | May 26, 2010
Scammers and con-artists tend to make a living by taking advantage of people who are vulnerable. So it’s no surprise that with the number of people facing foreclosure, that we are seeing more and more scams that promise to rescue you from foreclosure.
Now this doesn’t mean that every person or company that offers to help you avoid foreclosure is running a scam, because there are many legitimate consumer financial counseling agencies out there that can help you work with your lender. You just have to be carful when trying to distinguish between the two. If someone offers to help negotiate a loan modification between you and your lender, or work to stop or delay a foreclosure for a fee, you will want to carefully check his or her credentials and watch out for the warning signs of a scam. In most cases, the immediate red flag to look for is whether or not they are requiring a substantial up front fee.
Here are some examples on some of the types of scams to be aware of, and what you can do to make sure you do not become another victim:
Category: Financing/Mortgage Topics, Loan Modification Series, Short Sale & Foreclosures |
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Tags: Chase International, Default, Foreclosure, fraud, home retention, Homeowners Assistance Program, Loan Modification, loss mitigation, Nevada, NV, Real Estate, reno, scam, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | March 25, 2010
If you are facing foreclosure on your home in Nevada and a notice of default has been filed on your home, you may be able to get help through The Foreclosure Mediation Program (FMP).
The Foreclosure Mediation Program was established as a result of Assembly Bill 149. The program is a process where a neutral third party (the mediator), the homeowner(s) and Lender attempt to negotiate an alternative to foreclosure. The program is only available on homes that are owner-occupied. However, if you do elect to participate in the mediation program, participation by your lender is mandatory.
Category: Foreclosure Mediation Program, Loan Modification Series |
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Tags: AB149, Assembly Bill 149, Chase International, Election to Sell, FMP, Foreclosure, Mediation, Nevada, Nevada Legislature, NOD, Notice of Default, NV, Real Estate, reno, Talayka, www.sellingnorthernnv.com
