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Distressed

Help for Homeowners in Distress

Escape Your Unmanageable Mortgage

by Sara Driscoll April 28, 2012 Distressed

Getting Free Doesn’t Have to Mean Running Away

For some distressed homeowners, even the thought of taking action to remedy their unmanageable mortgage situation is more than they can contemplate. Far too many homeowners end up losing their homes to foreclosure without ever seeking help from …

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Is Your Mortgage Out of Balance with Your Budget?

by Sara Driscoll March 25, 2012 Distressed

It Can Happen Quickly… to Anyone

An unexpected illness in the family, an expensive car repair, almost any emergency can quickly cause you to feel that your finances are out of balance with the life you’ve worked so hard to build.

The housing crisis has affected people …

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Are You Living Under the Cloud of an Unmanageable Mortgage?

by Sara Driscoll March 2, 2012 Distressed

Now is the Time to Point Your Future Toward Blue Skies

You didn’t buy your home planning on the value to drop. But about 25% of homeowners in the U.S. find themselves in just that situation. The Housing Crisis is a national epidemic affecting good people …

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Tipping the Scales Toward Foreclosure?

by Sara Driscoll January 17, 2012 Distressed

Resolve to Shed the Weight of an Unmanageable Mortgage in 2012

Current estimates from RealtyTrac reveal that close to 7.5 million American households are delinquent on their mortgage or in foreclosure. An additional 11 million homeowners owe more on their mortgage than their homes are worth. …

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Are Your Mortgage Payments Weighing You Down?

Are Your Mortgage Payments Weighing You Down?

by Sara Driscoll December 5, 2011 Distressed

Get a Fresh Start

Has your life changed since you bought your home? Between rampant unemployment and the San Diego housing market still struggling to find the floor on home prices, many families find themselves without the stability they had once counted on.

If you are falling …

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Is Your Mortgage Unmanageable?

by Sara Driscoll November 25, 2011 Distressed

Change the Course
Navigate Away from an Unmanageable Mortgage

Almost one fourth of all U.S. homeowners are “underwater” on their mortgage, which means they owe more on their home than the net proceeds they would receive if they sold it. While selling the family home used to …

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10 Ways to Deal with an Unaffordable Mortgage

by Sara Driscoll August 13, 2011 Distressed

6.38 million people in the U.S. are at least 30 days late on their mortgage payments, according to a recent study by Lender Processing Services (LPS). Here are 10 of the most common alternatives to foreclosure, along with benefits and drawbacks to each. Does one of them sound promising to you?

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Missing Mortgage Payments?

Missing Mortgage Payments?

by Sara Driscoll July 17, 2011 Distressed

Are you wondering what a homeowner should expect when payments are missed? The most important thing to know is no matter what stage of default a homeowner is in, there are many ways to avoid foreclosure. The quicker a homeowner takes action, the greater their chance of resolving the situation. First, know what to expect. While timelines vary according to lender policies, this is typical of what happens when payments are missed:

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Don't Walk Away from your Mortgage

Thinking of Walking Away from Your Mortgage?

by Sara Driscoll March 9, 2011 Distressed

If you are considering whether to “strategically default” on your mortgage, be sure to look into all of your options. 36% of Americans surveyed think that walking away is a viable solution when they owe more on their home than it is worth. One in four American homeowners is “underwater”, so you are not alone.

In a “strategic default”, homeowners simply stop paying their mortgage when they owe more than the home is worth. They just walk away, not understanding that the inevitable foreclosure carries consequences they haven’t considered. Request our special report and design a strategy to protect your financial future.

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Short Sale Approved

Short Sale Approved in 29 Days!

by Sara Driscoll October 29, 2010 Distressed

B of A short sale approved in only 29 days–could that be the world record? Whether it is or not, I was pleasantly surprised throughout the experience with B of A. We submitted the short sale package via their automated Equator system on 7/28/10, and received official approval to the short sale request on 8/28/10! Escrow closed just over 30 days later.

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