Best Side Of The West Side

U.S. home owners are refinancing their mortgages at the fastest clip since 2005, but the difference now is they are putting cash in, not taking it out. At the going rate, 25 percent of all first-lien U.S. mortgages will be refinanced this year, according to LPS Applied Analytics. That represents about $7.1 billion —just through [...]

Westside LA CA – Everyone gets scared when they can’t pay a debt. “Am I at risk of going to jail? Will my friends find out? Will the bank sue me and take everything I own? Will the they garnish my wages? Will they levy my bank account?” Here is a real life example. She [...]

Westside LA CA – Many of the short sale sellers we help are selling their home to avoid foreclosure. In addition, they are receiving lots of harassing calls from debt collectors. These debt collectors seem to think that if you call someone with no extra money, then you can still get them to pay. Here [...]

Westside LA CA – According to the Wall Street Journal , the average homeowner with a home in foreclosure hasn’t made a payment in 492 days. What’s even crazier is that those homes are still in the foreclosure process. That means that a homeowner can live rent free for even longer than 492 days. How [...]

Westside LA CA – The Star Tribune, a newspaper in Minneapolis, recently ran a story about loan modifications. Here is an excerpt from the article: Get my Free, Step By Step Loan Modification Guide by clicking here. “Many people who sought help under a federal program created to keep them from losing their homes are [...]

 Westside LA CA – The Stop Foreclosure Institute recently received a question from a person attempting a loan modification on their home. Here was their question. “I have a first mortgage for $197,000. That was my original loan from when I bought my home. I borrowed $250,000 on a second mortgage for a remodel. My [...]

Westside LA CA – How do foreclosures, loan modifications or short sales affect a credit score? Your credit score will be affected by late mortgage payments and a short sale. However, there are 2 things that are considered horrible on your credit report. Those 2 are items are foreclosure and bankruptcy. Get my Free, Step [...]

Westside LA CA – Some people can legitimately afford their mortgage payment. But, another creditor convinces them to pay them before they pay their mortgage. Don’t fall for this trick. Most creditors will use whatever tactic they can to collect money. They don’t care if you keep your home or can afford to drive to [...]