By E. Vernon Small
March 12, 2013 (San Diego) – If you are a struggling homeowner, you have undoubtedly been approached by companies that claim they will reduce your mortgage payments and/or your mortgage balance by negotiating a ‘loan modification’ with your current mortgage lender. All of these companies claim to be reputable and licensed, and many even operate as attorneys. They typically charge $1500 or more to handle this process, and most offer payment plans.
February 14, 2013 (San Diego)--If you are a homeowner who is underwater and/or behind on your mortgage payment , you probably feel as though you have very few options. Believe it or not, you might just be in a better negotiating position than homeowners with equity and their home and who have made all timely mortgage payments.
By E.V. Small
February 5, 2013 (San Diego County)--For the past two years this question was extremely easy to answer. The combination of historically low interest rates and abundant inventory due to the record number of foreclosures has resulted in the lowest housing cost in decades.