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You Are Here:   Home » Real Estate Articles » Archives: May 2010

Monthly Archives: May 2010

2010 Memorial Day Events In Ventura County

Written on May 29, 2010 by Mana Tulberg in Reflection

Ventura County will honor the men and women who have served, who are serving and those who made the ultimate sacrifice in the following manners: Memorial Day Observance in Moorpark: Presented by the American Legion Post 502, the City of Moorpark, American Legion Auxilary, Boy Scouts of America, Forty & Eight, and Kiwanis Club of…

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Ventura County Homeowners Ask: What Is Special Forbearance?

Written on May 28, 2010 by Mana Tulberg in Ventura County Home Owners
Special_Forbearance

Special Forbearance is another form of loss mitigation in which the lender and the homeowner come up with a written repayment agreement on the home loan. When a homeowner is unable to make the loan payments due to a temporary loss of job or an income reduction, the lender and the homeowner can set up…

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Ventura County Home Owners Ask: What Is Cash-For-Keys?

Written on May 24, 2010 by Mana Tulberg in Ventura County Home Owners
cash-for-keys

Cash for keys is another form of loss mitigation in which the lender pays the homeowner to vacate the property prior to the foreclosure date.  In return for the keys, the lender gives the homeowner a specific time frame in which to move out of the property and a cash incentive to avoid any damages…

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Ventura County Homeowners Ask: What Is Deed In Lieu?

Written on May 20, 2010 by Mana Tulberg in Ventura County Home Owners
Mortgage

Deed in lieu of foreclosure (DIL) is another kind of loss mitigation in which the homeowner gives back the deed to the lender prior to the foreclosure date.  The homeowner agrees to hand the title to the property over to the bank free and clear of all liens.  In return, the  lender agrees to discharge…

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