What is HAMP and can it help me modify the loan on my Los Angeles Home?
If you can no longer afford to make your monthly loan payments, it is possible that you can qualify for a HAMP loan modification
to make your monthly mortgage payment more affordable. HAMP
stands for Home Affordable Modification Program
and it offers eligible borrowers the opportunity to modify their loan to lower their monthly mortgage payment to 31 percent of their verified gross (pre-tax) income to make their payments more affordable. If you are currently having difficulty making your payments, even if you have missed one or more payments, you may be eligible for the Making Home Affordable HAMP
To be eligible for HAMP
, the following four items must apply to you:
- Own a one- to four-unit home that is your primary residence
- Have received your mortgage on or before January 1,...
The 2012 Silver Lake Jubilee Kick’s of its 3rd year today.
Until and unless we get the Sunset Junction Street Festival back, The Silver Lake Jubilee is it, when it comes to Silver Lake music street fairs. Festivities start at noon at the intersection of Sunset and Santa Monica Boulevards and go till 11pm. The fun continues on Sunday from noon until 10pm. You can buy tickets for individual days or pick up a weekend pass if you plan to immerse yourself in this Silver Lake music event.
Radio station KCRW brings us the Silver Lake Jubilee which includes tons of live music, food trucks, comedians, craft vendors and more. Proceeds from the event support...
Yes, HAFA, or Home Affordable Foreclosure Alternatives, could be a benefit to you.
HAFA was designed to help homeowners avoid foreclosure by allowing them to "sell short" or sign a Deed in Lieu of Foreclosure.
According to MakingHomeAffordable.gov
, the first benefit
is that either of these options will have a lesser impact on your credit scores than will a foreclosure.
A Deed in Lieu simply allows you to transfer title back to the bank without going through the foreclosure process. This is generally only allowed if you have no second mortgage.
The second major benefit
to HAFA is the avoidance of any possible deficiency...
If you have been looking for an opportunity to live in Sunset Junction
, now could be your chance. There are three units currently available in the Sunset Silver Lake Loft Complex at 4111 Sunset Blvd. Though the floor plans are similar, each unit has its own character and finishes.
Unit #111 is a 2 bedroom, 2 bath unit facing Sunset Blvd. There is a small private patio space and direct access to Sunset, a hop, skip and a jump away from Intelligencia and the ...
Ten years ago hardly anyone had heard of a short sale. Now, since the real estate bubble burst, "short sale" is almost a household word here in the Los Angeles area.
The current situation is the result of several converging factors
First, when the bubble burst, homeowners who purchased when the market was rising or had reach its peak, lost value. That might not have mattered if two other factors hadn't come into play at the same time:
- Adjustable rate mortgages reset, making mortgage payments double or triple
- The economy tanked and people lost jobs
||If you find yourself unable to keep up with monthly payments on your house because of these factors,...|
Most Los Angeles locals are familiar with Barnsdall Art Park in Hollywood. The park is home to Frank Lloyd Wright’s Hollyhock house
, weekly Farmer’s Markets and a variety of activities throughout the year. I was at Barnsdall Park myself last Saturday enjoying Taste of the Eastside
, with great food and libations from a variety of local restaurants and vendors for the benefit of
the Rose Scharlin School
. If you missed...