Monthly Archives: May 2012

Housing And Alfred E. Newman, “What, Me Worry?”

If you didn’t know any better, you would have looked at this week’s Case-Shiller and NAR’s Pending Home Sale Index and conclude the housing market recovery had reversed and was still in decline.  Nothing however could be further from the … Continue reading

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When The Glass Really Is Half Full

The headline of today’s Los Angeles Times Business section reads: 1 in 3 L.A. County home mortgages is underwater.  It could just as easily have read: 2/3 of all homeowners have equity, but that doesn’t sell as many papers.  The … Continue reading

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How To Get A Loan Mod Approved Part 4: Foreclosure and Mod Offers

Part 4: Foreclosure and mod offers. Your loan mod appears like you’re making some progress and you are actually starting to get a hopeful.  At the same time, you’ve got that gnawing feeling that the bank may not get you … Continue reading

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How To Get A Loan Mod Approved Part 3: Keeping The Pressure On

Part 3: Keeping the Pressure On After you’ve gone through the initial collection of your data, submitted all the paperwork and started your conversations, what happens now?  You call and follow up.  In the beginning you’ll probably follow up once … Continue reading

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How To Get A Loan Mod Approved Part 2: What Now?

Part 2: What Now? Now that you’ve assembled everything, and when I say everything, I’m talking a couple hundred pages everything, you are ready to fax the paperwork in.  You’ve numbered the pages and created your table of contents.  So … Continue reading

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How To Get A Loan Mod Approved Part 1: Getting Started.

This is  updated from the original series first published in September 2011. Part 1: Getting Started Stop paying on your loan (no I can’t say that even though it’s true).  If you are current the bank has no incentive to … Continue reading

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There’s Gold In Them Thar Hills

Yes, yes the real estate market is turning.  Sales are up, distressed properties are down; the economy is getting better with an improving jobs picture and interest rates are crazy low.    Never before has there been such a confluence of … Continue reading

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