The Mortgage Debt Relief Act will be Gone Soon but you Still Have Time.

by Bob and Debbie Gibbs June 4, 2012 Latest News

Time is Running Out: How the Mortgage Debt Relief Act can save you!

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

 

The act has helped many …

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Bank of America is Offering Incentives for those Performing Bay Area Short Sales

by Bob and Debbie Gibbs May 18, 2012 Latest News

In the following video I discuss the new “Streamlined Short Sale” process that Bank of America is now using for homeowners who need to perform a Bay Area Short Sale.

Bank of America has had this process in place since 2010 but has only recently rolled it out to the Bay Area for those who have …

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Strategic Default or Short Sale, What’s The Best Way to Handle Your Underwater Bay Area Home

by Bob and Debbie Gibbs May 1, 2012 Latest News

Many Bay Area Home Owners are considering Strategic Default over a Short Sale of their Bay Area Home.

Perhaps you have heard about it.

 

On the news, a reporter tells a story about how the housing crisis has caused some homeowners to simply walk away from their homes. It sounds crazy, but many people are being led …

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Bank of America Taking Steps to Streamline Shorts Sales of Bay Area Homes

by Bob and Debbie Gibbs April 10, 2012 Latest News

On one of our recent Bay Area short sales we have been proactively contacted by Bank of America in order to conduct a Streamlined Short sale for this Bay Area Home.

The bank is attempting to make it easier for the sellers to conduct a Bay Area short sale while protecting their interests and shortening the …

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The Second Largest Settlement in History: How it can save you from foreclosure!

by Bob and Debbie Gibbs March 22, 2012 Latest News

The news has been abuzz in the past few weeks about the historic Robo-Signing Settlement reached between the government and five major lenders. The settlement raises lots of questions, but for homeowners who are in danger of losing their home there is only one:

Can this settlement help me stay in my home?

The answer: Possibly! …

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New Foreclosure Starts for Bay Area Homes Stays Flat

by Bob and Debbie Gibbs March 20, 2012 Latest News

In the following graph you will see that he number of new foreclosures starts and actual Trustee Sale Dates have remained fairly flat over the last several months with a slight downward trend throughout the last 12 months. I expect this trend to continue for another month or so will the banks are putting people …

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Do You Know of a Bay Area Homeowner Struggling to Make Mortgage Payments?

by Bob and Debbie Gibbs March 15, 2012 Latest News

It’s tough to watch the news these days.

For millions of homeowners, trying to balance their budgets while maintaining a mortgage that is more than the value of the home itself is becoming nearly impossible.

Add in the threat of scams, con artists and people who are willing to take advantage of vulnerable homeowners and the scale …

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Major Changes Will Help Bay Area Home Owners with Short Sales Through HAFA!

by Bob and Debbie Gibbs March 12, 2012 Latest News

The following video from the Certified Distress Property Institute (CDPE) discuss a major update and changes the the government’s Home Affordable Foreclosure Alternative (HAFA) program. These changes will provide this who short sale their home some significant benefits with potential credit issues and with a financial incentive. Please take a look and give us a …

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Is Your Mortgage out of Balance with your Budget?-Bay Area Short Sales

by Bob and Debbie Gibbs February 29, 2012 Latest News

It can happen quickly.

 

An expensive car repair, an unexpected hospital visit, a missed week of work – just a few little things and the life you’ve worked so hard to build can feel like it’s tipping dangerously out of balance.

 

Once the scales turn against you, it can feel like it is impossible to ever …

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The Mortgage Debt Forgiveness Act and What It Means to your Bay Area Short Sale

by Bob and Debbie Gibbs February 13, 2012 Latest News

In this video I discuss the Mortgage Debt Forgiveness Act and it’s schedule expiration date of December 31, 2012. You need to know what affect this may have on your finances if you decide not to go through with a short sale in 2012.

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