Nef's Blog

Homeowners facing foreclosure in California have approximately 120 days from the Notice of Default (about 4 months) in order to resolve their outstanding mortgage debt.  When a homeowner finds themselves in this situation, the most proactive step a homeowner can do is to act in a timely manner t...

What do Clint Eastwood and a homeowner in foreclosure have in common?  A homeowner needs to have the same grit and tough determination as Mr. Eastwood to sort between the “good guys” and the “bad guys” even though their circumstances might indicate otherwise. “Let the Buyer Beware” has been a sa...

For many homeowners who are not watching real estate market trends on a daily or weekly basis, the barrage of articles regarding the increase of foreclosures doesn’t seem to make any logical sense.  What many of these homeowners were not aware of was the lending industry’s trend in relaxing the ...

As home foreclosures begin to mount throughout the country, mortgage companies are becoming increasingly proactive by sending letters, making phone calls and in some cases even knocking on doors to let struggling homeowners know : They'd rather modify a loan than foreclose on the home. According...

The California home-buying process usually involves the use of the deed of trust, which by its legal definition involves three parties; the trustor (borrower), the beneficiary (lender), and the trustee (neutral third party receiving the right to foreclose).  The deed of trust usually includes a ...

Once a homeowner in foreclosure begins working with his lender, he or she will be asked for several financial documents in order to assess the homeowner’s current situation, what was the cause of the default and what type of workout can be accomplished.  The reason a homeowner needs to provide t...

If at any time the adage of “Let the buyer beware” were applicable, it would certainly be when a homeowner is experiencing foreclosure.  Distressed homeowners undergoing foreclosure are often approached by less than ethical business people (lenders, financial advisor and/or realtors) that are mo...

We’ve all heard the saying “ignorance is bliss”; but purchasing a house or condominium with this attitude may be until the collector starts sending a homeowner  those inevitable letters and they  receive phone call after persistent phone call from their loan servicer regarding their late payment...

While various real estate market prognosticators have been projecting their opinions on what the coming foreclosure market will be and everyone needs to weigh in on the debate, the conversation is taking a new turn as Cristopher L. Cagan, director of research and analytics at First American Core...

While many homeowners are fully aware that they are liable to be contacted by their lender or a third party  debt collector if they fall behind on their mortgage payments or are facing foreclosure, many are not aware what their rights are in regard to what constitutes fair debt collection practi...