December 28, 2023

Find out how this seller walked away from her upside down FHA mortgage with Pennymac!Pennymac is a mortgage servicer that holds a lot of FHA mortgages. The last few years of FHA forbearances, loan modifications and HUD partial claims has left a lot of folks with FHA loans in trouble and owing more than their

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December 18, 2023

Have you fallen  behind with your FHA loan and need out?FHA has been very busy handing out loan workouts for the last few years. Since the beginning of Covid-19, FHA has been offering loan modifications, forbearance and partial claims like candy, even to borrowers who never asked for or needed them, and with no borrower financial documentation involved. Many homeowners

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October 24, 2023

FHA LOAN WORKOUTS QUINTUPLE  DURING LOWEST MORTGAGE DELINQUENCY RATE ON RECORDIt doesn’t seem to make sense, but it is true. While delinquency rates have hit record lows in the last few years, FHA has managed to quintuple its loan workouts during the same time. FHA LOAN WORKOUTS GROW BY 500% SINCE 2019Over a million mortgages

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October 20, 2023

Is your lender offering you a loan workout to help lower your payment, or bring the loan current? Forbearance, loan modifications and HUD partial claims are all considered loan workouts to help you stay in your home.But what’s the real cost of these loan workouts?The answer is usually ALL YOUR EQUITY.That’s right! Unfortunately there really

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September 5, 2023

CT MARKET REPORT 2023While home prices in CT have hit another record high on the tail end of the hot spring market, uncertainty looms ahead. CT Home Sale Prices hit another record high in  2023.July 2023 saw the highest median sale price ever on record – $385,000.While some other states have already started seeing year

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