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We publish blog articles that gives the nation and the world helpful resources, tips, how to's, trends, and best practices related to housing, foreclosure, real estate, short sales, loan modifications, mortgages, formulas, and so much more.

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Blogs About Deed In Lieu Of Foreclosure

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Gov. Mortgage Relief Programs End Soon! What’s Next? [My Opinion]

Michael Nolen, Founder, CEO August 10, 2016 at 12:01 PM

Since the collapse of the US housing bubble in 2008, many homeowners have faced the trauma of foreclosure. As an alternative, the government created mortgage assistance programs. While the US housing market has been recovering, many homeowners still find themselves in difficult financial positions. Many are on the verge of delinquency, and some still struggling to get mortgage help.

Is an mortgage help soon to be limited or maybe coming to an end? Is it possible lenders may soon limit loan modification, short sale or deed in lieu of foreclosure programs they offer?

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Tagged Short Sale, Loan Modification, Deed in Lieu of Foreclosure, HAMP, Foreclosure, Making Home Affordable

Hundreds of Mortgage Relief and Debt Relief Operations Banned by FTC

Michael Nolen, Founder, CEO May 26, 2016 at 2:54 PM

On May 25, 2016, attorney's for the FTC's Division of Financial Protection published an announced of the FTC's list of hundreds of companies and people that they put a sequel on their misleading operations.

In this post, we'll share insight about the Federal Trade Commission's publication and some tips for shopping for a mortgage relief or debt relief company.

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Tagged Short Sale, Loan Modification, Deed in Lieu of Foreclosure, Mortgages, Foreclosure, Credit Reporting, Federal Trade Commission

Short Sale VS Deed In Lieu: Which is Really Better?

Michael Nolen, Founder, CEO May 26, 2016 at 9:00 AM

Loan modification denied? What next? When you find out a home loan modification is not an option, you may begin to panic! You get confused, lost, or alone without options. Most get concerned about foreclosure and the F.E.A.R. of a foreclosure sale begins to set in.

So, what are your alternatives to foreclosure? It may be a short sale or deed in lieu! There are many misconceptions about both programs. In light of the myths, I'll help you solve the two primary differences between both programs

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Tagged Short Sale, Deed in Lieu of Foreclosure

Video Guide: Quick Tips to Start a Deed in Lieu Program!

Michael Nolen, Founder, CEO April 21, 2016 at 9:40 AM

You've tried to get a home loan modification and your lender just isn't modifying your loan. Maybe you've listed your home for sale as a short sale and it's not selling. At risk of a foreclosure sale, you want to avoid it and want to know your alternative options.

One of those options may be a Deed in Lieu of Foreclosure. It's not a foreclosure, it's an alternative to avoid it - and it's important to understand initial steps of the process before you get started.

Ready to get start? Great! In this post, I share our video guide covering 4 quick tips that everyone should know before you get started!

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Tagged Short Sale, Deed in Lieu of Foreclosure, Foreclosure

New 2016 FHFA Loan Modification Gives Principal Reduction!

Michael Nolen, Founder, CEO April 20, 2016 at 1:00 PM

The Federal Housing Finance Agency (FHFA) announced on April 14, 2016 new Freddie Mac and Fannie Mae loan modification guidelines for mortgages owned or guaranteed by Freddie Mac or Fannie Mae.

This one time Freddie Mac and Fannie Mae loan modification program gives eligible borrowers a principal reduction on their underwater loan and a last opportunity to avoid foreclosure before government programs expire in 2016.

In this post, I share details about this new principal reduction modification program.

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Tagged Short Sale, Loan Modification, Deed in Lieu of Foreclosure

Disabled Woment Fights for Loan Modification in Salisbury, MD!

Michael Nolen, Founder, CEO April 19, 2016 at 3:57 PM

On Monday, April 19th, Michael Nolen of Delmarva Home Relief was contacted by the Daily Times for an article about a disabled women in Salisbury, MD fighting to keep her home and information about foreclosures in Maryland and the home loan modification process. 

Many homeowners still are having trouble getting through the process. You can read more about Salisbury, MD resident, Joana Weaver and here fight to keep the only home she has ever known and ever wants to know in this blog post.

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Tagged Short Sale, Loan Modification, Deed in Lieu of Foreclosure, Salisbury MD Real Estate, Maryland Foreclosure Process

6 Best Practices for Starting the Deed in Lieu Process Like a Pro!

Michael Nolen, Founder, CEO March 23, 2016 at 1:00 PM

There are a lot of myths about deed in lieu programs that make you question whether or not to apply. It takes some masterful tactics to navigate through the process. The information that you can get from your lender about getting started and submitting documents can be limited. You could say you may be only getting a few pieces of the puzzle.

In this post, I'll educate with some helpful tips and best practices for reviewing your options, the process, and preparing a package to send to your lender.

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Tagged Loss Mitigation, Deed in Lieu of Foreclosure, Foreclosure Alternatives

Top 5 Blogs: Readers Picks of The Month - February 2016

Michael Nolen, Founder, CEO March 1, 2016 at 9:22 AM

February was a great month for our housing blog. We published some really cool topics about housing and mortgages. We even had some blog contributors share their knowledge with our readers. The Delmarva Home Relief Blog is designed to be an educational resource for consumers to help them make informed real estate decisions.

In this post, I'll share the Top 5 Blogs that our readers found the most enjoyable!

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Tagged Short Sale, Deed in Lieu of Foreclosure, Mortgages, Credit Repair, USDA Mortgages, Buying a Condo, FICO Credit Scores

How to Completely Change a FICO Score After Short Sale or Deed in Lieu

Michael Nolen, Founder, CEO February 23, 2016 at 10:33 AM

Maybe you hit a short-term financial hardship or your home is no longer affordable. If you need to sell your home, but you owe more on your mortgage than your home is worth, you may be thinking about starting the deed in lieu process or short sale process because you feel it may be a safe option to avoid a foreclosure sale.

What happens with your credit? Frequently I’m asked, “How will my credit score be affected by a short sale or deed in lieu of foreclosure?” If you want to get a mortgage after short sale or deed in lieu, you need to be prepared to rebuild your history - and what you need to do to revive it.

In this post, I’ll help you better understand your options if you’re considering one or both of these alternatives to foreclosure.

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Tagged Short Sale, Deed in Lieu of Foreclosure, Mortgages, Credit Repair, Credit, Credit Impact, Short Sale or Deed in Lieu of Foreclosure, FICO Credit Scores

6 Epic Benefits of the 2016 Mortgage Debt Forgiveness Act Extension!

Michael Nolen, Founder, CEO January 20, 2016 at 11:59 AM

It is a question almost every short sale seller asks, “Will there be any tax consequences from selling my home as a short sale?” Many homeowners worried at the end of 2014, when we didn’t know whether or not Congress would extend the Mortgage Debt Forgiveness Act.

It got extended in 2015 for homeowners that settled their mortgage balance in 2014 - and not for 2015. What about homeowners in 2015? Congress considered it, and approved the extension.

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Tagged Short Sale, Deed in Lieu of Foreclosure, Mortgage Assistance

7 Smart Strategies for a Mortgage After Short Sale [Loan Officer Q&A]

Michael Nolen, Founder, CEO January 18, 2016 at 11:00 AM

Can I get a mortgage after a short sale or deed in lieu of foreclosure? Yes. It is more than possible, but it depends greatly on your preparation after the process has ended. To educate our readers about the possibilities of get a new mortgage, I interviewed Shawn Hunt, a licensed loan officer with MNET Mortgage Corp.

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Tagged Short Sale, Deed in Lieu of Foreclosure, Mortgages

The Three F.E.A.R's of Foreclosure

Michael Nolen, Founder, CEO January 14, 2016 at 1:00 PM

Fear can consume us. We may not be sure about what we need to do - or maybe we fear the worst is about to happen.  Whatever it is that we fear, we need to overcome those fears and take control.

I recently read a blog article on Oprah's website titled, Overcoming F.E.A.R.: False Evidence Appearing Real. It inspired me - so I dug deeper into fear. I found three types of fear that could easily relate to homeowners struggling to pay their mortgage payments.

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Tagged Short Sale, Loan Modification, Deed in Lieu of Foreclosure, Foreclosure, Foreclosure Alternatives, Foreclosure Prevention, Mortgage Help

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