- Local Phone:
562.446.4340 - Fax:
562.446.4345 - 6621 E. Pacific Coast Hwy
Suite 102
Long Beach, CA
90803
- Directory
- Ron McMahan
extension 140
- Ron Brandenburg
extension 105
- Bud Terrell
extension 250
- Jason Yahne
extension 114
In the News
A Consumer’s Guide to Mortgage Modifications
Mar 22, 2009
By David Colker
Los Angeles Times
The loan modification business is getting such hype you’d think it was the next Batman movie. Turn on the TV or radio, or even pass a bus, and you’ll be exposed to another advertisement by credit counselors, lawyers and others who offer to work miracles with a mortgage. For a fee. But you don’t have to pay for counseling or legal help — they’re free, under federal programs that you support with your taxes. And yet, no matter how upbeat the commercial hype or how much free help is available, the final answer may not be welcome — many Californians with mortgage troubles will not get a modification, even under a subsidy program the Obama administration debuted this month. But government pressure, proposed law changes and the ever-increasing burden of foreclosed housing could make loan modifications available to more homeowners as the economic crisis trudges on. Here is a consumer’s guide to loan modifications: what’s available, who’s eligible and how to find help.
Headed For Foreclosure? Here’s What to Expect.
Feb 14, 2009
STARTING THE CLOCK
Headed for foreclosure? Here’s what to expect.
The timing varies but the process follows a predetermined script.
By David Colker
Los Angeles Times
It’s possible, under the right conditions, to halt the foreclosure process and keep your home. But you probably would need to show that you have monetary resources or a future prospect, such as an upcoming job or money arriving from a rich uncle, to persuade the bank to put on the brakes. Alternatively, if the situation is hopeless, you can ride it out, staying in the house until the sheriff comes knocking. “There is a point where you are just throwing money into a ship that’s sinking,” said Mike Himes, who conducts homeowner seminars for the nonprofit NeighborWorks Homeownership Center in Sacramento. “I’ve seen people run up $10,000, $20,000 on credit cards to try and save their house, and they lose it anyway.”
Lenders Drop Mortgage Brokers
Feb 12, 2009
By Les Christie
CNNMoney.com
Some big banks are cutting out mortgage brokers and having lending generated by their own people. That could be bad for consumers.
Mortgage Basics
Feb 12, 2009
Source: Yahoo! Finance
Divide the complex process into manageable tasks.
Buying a home is the biggest financial investment most of us will ever make. As with any large project or goal, it requires dealing with a variety of complex issues. The best approach is to divide the process into manageable tasks. The following deals with the first steps of gathering your records, determining what you can afford, and understanding mortgage options.
What Makes a Good Mortgage Broker? (Part 2)
Feb 12, 2009
by Jack M. Guttentag
Here are some points to consider when you are in the market for a mortgage broker.
What’s Ahead for Real Estate in 2009
Feb 11, 2009
by Denise Lones
RealtyTimes.com
2009 will be a year of recovery and stabilization for the real estate industry. Denise Lones of RealtyTimes publishes her top 15 predictions for 2009.
