Paradise Real Estate

Lenders may closely monitor borrowers for life of a loan

The day is coming when lenders will no longer turn their clients loose after they leave the closing table, never to be heard from again unless someone misses a payment or two. In a kind of crisis intervention, IndiSoft is working on computer programs that track borrower behavior so that if a life-changing event occurs, steps can be taken to ensure timely payments are made. Read the full story at: http://www.latimes.com/business/la-fi-lew-20101212-7,0,5455264.storyContinue Reading!

7 Options For Distressed Homeowners

Refinance Foreclosure Lender Workout Sell and bring cash to closing Short Sale Deed in Lieu of Foreclosure Foreclosure Do Nothing. Walk Away Our current real estate market conditions are like no other time in history. Homeowners of distressed properties need the assistance of a Realtor now more than ever as a guide and consultant through a complicated process. The homeowner must determine if there is a way to keep their home or do they need to transfer the property with the least amount of damage to their...Continue Reading!