Archive posts on bank-owned and distressed inventory in North County. The market mix has shifted since many of these were written. Use them for vocabulary and process, then get a current inventory check from our team.

Foreclosure myths, debunked

Although there are a number of programs available to help homeowners who have defaulted on their mortgages keep their home, the large amount of misinformation tends to result in troubled homeowners failing to contact their lender until it is too late.

Making sense of the story

  • Some homeowners believe, incorrectly, that contacting their lender early in the process will draw attention to their situation and result in a quicker foreclosure.  In reality, contacting the lender or servicer is an important first step, and the sooner, the better.  Contacting the lender provides the homeowner with an opportunity to explain their situation and the steps necessary to deal with it.

  • It is a common misconception that…

3027 Views, 0 Comments

Read Full Post