Why is a release of the lien (Deed of Trust) important in the sale of a home?
Rob Russell2020-10-28T09:18:14+00:00That is simple. If the current creditor does not release its lien on the home, then (1) the new buyer just bought a house with
What is the basic difference between a (1) Note and (2) Deed of Trust?
Rob Russell2020-10-28T09:17:37+00:00When you buy a home, the buyer signs a Promissory Note (Note) representing the money borrowed to purchase the home. The buyer/borrower also signs a
What is a “Short Sale”?
Rob Russell2020-10-28T09:17:05+00:00A “short sale” is a real estate transaction where the proceeds of the sale will not generate sufficient funds to pay the debt(s) secured by
ARE FREE MORTGAGE MODIFICATION SERVICES AVAILABLE?
Rob Russell2021-07-20T11:03:19+00:00Yes, low-income people may qualify for free legal assistance at the NW Justice Project. Free modification assistance can also be found at the Community Housing Resource
HOW LONG DOES A MORTGAGE MODIFICATION TAKE?
Rob Russell2020-10-28T09:03:02+00:00It takes months. We have had several that have taken two years or more. It will normally take at least six months or so. But,
WILL I STILL QUALIFY FOR A MORTGAGE MODIFICATION IF I HAVE BAD CREDIT?
Rob Russell2020-10-28T09:02:01+00:00Yes, your credit rating has very little, if anything, to nothing to do with a modification. If you were going to refinance with a third
