No doc refi and no appraisal

Believe it or not- it exists. It’s called an FHA streamline appraisal. You  have to be current and have an FHA loan. It does not matter if you can’t qualify otherwise. Even if your credit is not great. No income verification, no credit check. You can even...

Foreclosure slowdown

The California Homeowner Bill of Rights (HBR) which just passed is the reason behind the recent slowdown in foreclosure sales and short sales in Ca. The reason for this is because of the litigation risk from this bill. Lenders have become more cautious when carrying...

Loan mods- the joke of the decade.

Banks are up to their usual tricks. It seems as if nothing has changed. We pass laws and they laugh at us. Here is more proof. The IFR settlement gives loan modifications—which keeps people in their homes—and short sales “equal footing” by providing dollar for dollar...