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
December 18, 2023
fha HAS SUSPENDED ALL STANDARD SHORT sale PROGRAMS THROUGH aPRIL 2025 IN FAVOR OF THE COVID 19 Streamline Short Sale!FHA has always offered a short sale program ( FHA Pre-foreclosure Sale), which had a standard process, including financial documentation. Effective 2023, FHA suspended their standard short sale process, in favor of the Streamline COVID-19 short sale which
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
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
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
Page [tcb_pagination_current_page] of [tcb_pagination_total_pages]
