Just a quick reminder or in case you hadn’t heard the BayAreaResource distressed homeowner educational forum event is tomorrow January 28, 2012 12-3 pm. For last minute registration click here.
We listed some of the topics to be discussed:
The panel shall be divided into two main sections:
1-options to keep your home
2-options to exit your home with the least amount of financial burden
Section A
Keep your home
1- reinstatement
2- refinance (with new HARP guidelines)
3- kill your 2nd
INTRODUCTION BY SENATOR LELAND YEE
Section B
Loss mitigation
4-Forbearance
5 -Repayment plan
6- Loan mod
7-Tax consequences of loan mod
8-Bankruptcy chapter 13
Section C
Options to Sell
9 – Conventional sale (not underwater but behind in payments)
10- Short sale
11 – Possible tax consequences of short sale
12- Deed in lieu
13- Bankruptcy Chap 7
14 – Foreclosure
