Deficiency Judgment is a judgment for an amount not covered by the value of security put up for a loan or installment payments. Sellers often are concerned that bank or mortgage holder will ‘go after them’ for the difference between the amount owed on the note and the sales price. Read more →
A Certified Distressed Property Expert® (CDPE) has a thorough understanding of complex issues in today’s turbulent real estate industry and knowledge of foreclosure avoidance options available to homeowners. CDPEs can provide solutions, specifically short sales, for homeowners facing Read more →
Upside Down Mortgage means that you owe more on your home loan than your home is actually worth. An upside down mortgage is basically negative equity. When the demand for homes in Hawaii begins to slow, prices begin to drop and the actual appraised value of the home Read more →
A Loan Modification is a permanent change in one or more of the terms of a Mortgagor’s loan, allows the loan to be reinstated, and results in a payment the Mortgagor can afford. Other names of loan modification are mortgage modification, restructuring, or workout plan. Read more →