Search results

I've actually run across this recently where there was a property located in a high risk flood zone. The property owner didn't insure it via flood and it was then to be force placed by the lien holder on the property. The 2nd lien didn't want to have to deal with it so they released the lien...

I apologize but I'm having a really hard time deciphering what you're trying to say. My knowledge lies with the hundreds of homeowners I've refinanced in this situation that I've seen almost get foreclosed on. When it comes to litigation, contradictory claims I haven't seen that personally. The...

Hi Survivor, I don't necessarily need amortization schedules, QWR's or anything of that nature to complete a refinance. There is however special documentation that I do have to obtain that many other lenders have problems getting which ultimately result in a denial when I've figured out how to...

From what I’ve seen they use the same amortization schedule from the original loan. Who currently services your liens?

Hi Cookiemom, It's very difficult to tell you what actually happened without reviewing the loan modification documents. Loan modifications usually entailed interest rate reductions, term extensions or even principal forbearance or forgiveness. When you apply for a modification they used to tell...

Hi Jhonsonshan, Renovation loans typically require contractor approval and vetting as well as reviewal of bids prior to the work being complete. If they aren't felons, have enough general liability insurance and are licensed contractors I'd be happy to see what can be done. Please feel free to...

Hi Team, I do have a situation recently in the state of California where a company called Linear Mortgage that held an old charged off 2nd lien that was literally about to foreclose (see pictures). I was able to stop the foreclosure by refinancing the lien and convincing the 2nd lien holder to...

Hi MNTtwinsfan, A Bankruptcy Chapter 7 will not eliminate the debt, I've only seen that happen in Chapter 13's where the bankruptcy attorney actually included the loan (sometimes they tend to forget). The lien holder still has the ability to collect and I have had one recently that came very...

Do you mind me asking what the attorney charged and also did they provide any guarantees? What I've personally found is the attorney attacking these matters don't have really any leg up against the lien holders and will ultimately end up getting what you could have done as a borrower. If...

I'll be posting an updated video here soon, I did have a borrower with a notice of sale that I was able to get cancelled because we were 2 days away from satisfying the lien via a refinance. Watch out for that video in the next coming days.

Hey hey!!! @HOUSEBROKEN, You don't have to satisfy the forbearance amount, we can roll that into the new loan. I'm happy to discuss options with you and a plan of attack. Our interest rates and terms are extremely competitive. As Moe mentioned above my direct contact is 619-379-8999 or you can...

Hi John, Sorry about the late reply, the statute of limitations would start when the amortization schedule ends. If your loan originally was for 30 years, the statute would be reached 10 years after the 30 years has elapsed (from my knowledge). Of course I am not a real estate attorney and...

From my knowledge RTR doesn't entertain any settlement offers until the file is in active foreclosure status. I can't exactly recall if that was SLS or RTR that has that rule. I work very closely with RTR satisfying these liens and if you have 20% equity after paying off the 1st and the 2nd lien...

Thank you so much John! You beat me to the punch, I would be happy to help. 619-379-8999 or [email protected]

Many people have encountered hardships during the pandemic, including homeowners. From lost jobs to tenants not paying rent I thought it would be wise to educate everyone on how to successfully complete a refinance after receiving a mortgage forbearance or forgiveness. As we have seen in the...

I've dealt with this a few times when it comes to refinancing these liens. What we usually do is trail where it originally came from which it looks like you have done aka Nations Lending. Within the settlement agreement it should have a "Release of Claims by You" which is essentially them saying...

Yes in 90% of the cases I have run across they're still charging interest, not any late penalties after the point it was charged off but I've seen 13-14% interest rates on some really high balances which of course keep growing the longer they remain unpaid. There are certain situations where...

I may be able to help but that date would have to be extended. Can you call me at your earliest convenience 619-379-8999. I did miss a GA phone call that I'm about to call back...not sure if that was you.

Can you give me a call when you have a minute @Romeo Rodriguez I may be able to shed some light on what's going on and what options you have. 619-379-8999....I am on day two of the 2nd vaccine and feeling under the weather but may be able to have a quick chat.

LoanSafe Members! This one has been a hot topic recently as many homeowners are receiving a full or partial forbearance on their mortgage due to the current nature of Covid-19. I have had a few people reach out to me and want to refinance to take advantage of the historically low interest rates...