Josh Talayka | July 25, 2011
At the onset of our current economic recession, the majority of distressed homeowners having difficulty paying their mortgage came from the subprime sector where borrowers were facing adjustable interest rates. As the markets have continued to worsen and unemployment/wage reductions have increased, these defaults have expanded to include all types of mortgages, including FHA. However, one of the benefits of an FHA mortgage is that there are many workout options in place to assist borrowers. The following are just a few of the workout options that the Department of Housing and Urban Development (federal agency that regulates and insures FHA mortgages – HUD) has in place:
Category: FHA loans, Loan Modification Series, Short Sale & Foreclosures |
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Tags: Chase International, Deed-in-Lieu, FHA, forbearance, foreclosure options, Foreclosure Prevention, HUD, Loan Modification, Making Home Affordable, MHA, Nevada, NV, partial claim, Pre-foreclosure Sale, Real Estate, reno, short sale, Talayka, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | July 30, 2010
A foreclosure is a legal process whereby a lender takes back real property after a borrower has failed to make loan payments. Nevada allows for two different types of foreclosures, judicial foreclosure and non-judicial foreclosure. Each type of foreclosure has different timelines.
However, because non-judicial foreclosures are the most common form of foreclosure in Nevada, the timelines outlined in the link below will refer to those in a non-judicial foreclosure.
Category: Foreclosure Mediation Program, Northern Nevada, Short Sale & Foreclosures |
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Tags: Chase International, deed of trust, Default, Foreclosure, Foreclosure Prevention, home retention, Judicial, Mediation, Nevada, NOD, non-judicial, NOS, Notice of Default, notice of sale, NV, Real Estate, Realtor, reno, short sale, Talayka, trustee sale, www.sellinghomesinreno.com, www.sellingnorthernnv.com
Josh Talayka | February 9, 2010
On Monday November 30, 2009, the U.S. Treasure set guidelines on a plan for mortgage companies to speed up “Short Sales” and other loan modification alternatives. These new guidelines will become effective on April 5, 2010
Category: Short Sale & Foreclosures |
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Tags: Chase International, Foreclosure Prevention, Nevada, NV, Real Estate, reno, short sale, Talayka, treasury, www.sellingnorthernnv.com
