Hayes Realty Group

John J Hayes Always stay on "PAR" with your real estate needs Serving Sacramento, Folsom, El Dorado Hills, El Dorado County      Friday September 22nd, 2017

Contact John 530-306-3316

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El Dorado Hills Loan Mod Help: How Can We Pressure The Large Banks To Make The Loan Mod Process Easier?

said April 10th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – The average American knows very little about what is happening with loan modifications. They think the banks are doing a great job helping people stay in their homes. Little does the average American know that the banks are flubbing it. In my opinion, the biggest mistake that banks are making is rejecting profitable loan modifications. They would net more money on a loan modification than foreclosure. However, because the loan modification process is so tough they are...

Folsom Loan Mod Help: How To Hold Your Lender Accountable When They Reject Your Loan Mod And Lose Money

said April 10th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – In my opinion, the decision making process most lenders use to approve or deny a loan modification is flawed. It appears that the lenders have one thing in mind when you stop paying. They want to foreclose as quickly as possible. It appears that they don’t want homeowners to stay in the home. A foreclosure is much simpler and easier. So they just look at it as the main solution. If a homeowner can’t afford the payments, then the...

El Dorado Hills Loan Mod Help: How To Hold Your Lender Accountable When They Reject Your Loan Mod And Lose Money

said April 9th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – In my opinion, the decision making process most lenders use to approve or deny a loan modification is flawed. It appears that the lenders have one thing in mind when you stop paying. They want to foreclose as quickly as possible. It appears that they don’t want homeowners to stay in the home. A foreclosure is much simpler and easier. So they just look at it as the main solution. If a homeowner can’t afford the payments,...

Avoid This Mistake When Negotiating A El Dorado Hills Loan Modification

said April 9th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – If you're trying to get a loan modification, then you have think like a banker. How you present your finances is the key to success. You’ve got to show them an income that’s not too high and not too low. If you show them too low an income, they’re going to say “Oh, this guy can’t afford his house payment. Click here to discover how other sellers successfully did a short sale and avoided foreclosure. If we reduce...

Folsom Loan Mod Help: How You Can Reduce Your Payments Without A Loan Modification

said April 4th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Here are the recommended steps to take before you strategically default. We have consulted a financial expert who recommends these steps before strategically defaulting. He believes that taking these steps will reduce the likelihood of your lender pursuing you after a short sale or foreclosure. We have to warn you of what could happen if you take these steps. If you stop paying your credit cards, car loan, or house payment, then you could lose your house, car, and...

El Dorado Hills Loan Mod Help: How You Can Reduce Your Payments Without A Loan Modification

said April 4th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Getting a loan modification accepted is tough. Many that should have be accepted end up rejected. I recently saw a bank foreclose on a 400k mortgage. The house sold for 130k! They would have made more money just cutting the homeowner's payments in half! This kind of stupidity gets on my nerves. Some people have mentioned a strategy that can help you reduce your payments without a mod. A person with two mortgages just stops paying the...

Thinking About A Strategic Default in El Dorado Hills? Take These Steps First To Avoid Problems

said March 31st, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Yesterday, we told you about a new program that Fair Isaac, the founder of the FICO score, came out with to tracks strategic defaults. If you are thinking about a strategic default, then you must be aware of this. FICO claims to be able to notify a lender when someone has strategically defaulted, or looks ready to strategically default. This helps lenders implement additional collection procedures to get you to repay their loss. I spoke with an...

El Dorado Hills Short Sales: The Most Effective Way To Stop Debt Collector Harassment

said March 28th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

El Dorado Hills CA – Debt collectors are infamous for multiple phone calls at all hours of the day. One person told the Stop Foreclosure Institute that he would receive several phone calls the first thing Sunday Morning. "They would call my home phone at 8:15AM on Sunday. This was the only day that I had to sleep in and they woke me up. I had 2 other people call me before noon", he told us. This is the biggest complaint the...

Folsom Short Sales: The Most Effective Way To Stop Debt Collector Harassment

said March 28th, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – Debt collectors are infamous for multiple phone calls at all hours of the day. One person told the Stop Foreclosure Institute that he would receive several phone calls the first thing Sunday Morning. "They would call my home phone at 8:15AM on Sunday. This was the only day that I had to sleep in and they woke me up. I had 2 other people call me before noon", he told us. This is the biggest complaint the Stop Foreclosure...

Folsom Short Sales: Do Debt Collectors Break The Law?

said March 22nd, 2013 Leave A Comment John Hayes

John Hayes Folsom, CA Real Estate

Folsom CA – You would be shocked ad how many times I have seen debt collectors use illegal debt collection techniques to collect on unpaid bills or credit cards. For example, there are Federal Laws that regulate what a debt collector can do or say. They aren't allowed to threaten to sue you, but then not follow through and actually file suit. To get around this rule, they will use language that sounds legal, but isn't. In one situation, a debt collector in...