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All About Foreclosure Hardship Letter
If you need a loan modification, learn how should be your hardship letter. "Hardship letter is a vital part of loan modification process. When you are facing foreclosure this kind of documents should be sent to Loss Mitigation Department of your mortgage lender. A loan... Foreclosure rates hit record high
What is the best way to prevent foreclosures? Was already at the right time to launch the programs of assistance loans, this time in Iowa. " In 2008, Miller helped launch the Iowa Mortgage Help Hotline, which he says more than 11,000 people have called thus far. But,... Refinance Mortgage Applications Persist to Increase
" Online refinancing helps you get any kind of critical information easily for refinancing your mortgage. The Mortgage Bankers Association (MBA) provided its Weekly Mortgage Applications Survey for the week. The MBA mentioned that applications for mortgage refinancing...Low Prices and Rates Can't Slow Fall in Home Sales
"In Washington the number of homes lingering on the market has swelled in July.Home prices in many parts of the country scream bargain, and mortgage rates haven't been this low for decades. So why are houses across the nation sitting on the market for so long? Sales of... 20% of mortgages are underwater
More than 20% of the nation's mortgage borrowers owe more than their homes are worth. "At 21.5% for the third quarter, it is a small improvement over the previous quarter, when 23.3% of loans were underwater,... Top 10 mortgage fraud states
Mortgage fraud is still on the rise, according to a report released Monday, despite efforts by law enforcement and policy makers to rein it in. "Incidents of mortgage fraud perpetrated by industry professionals ... Bank of America Sued Again over Loan Modifications
LOS ANGELES – California homeowners sued Bank of America (NYSE: BAC) on Tuesday claiming the lending giant is intentionally withholding government funds intended to save homeowners from foreclosure, announces Hagens Berman Sobol Shapiro. The case, filed in U.S.... Florida Bank Foreclosures In Condo Sector Enforced by the HOA
Banks are avoiding to pay properties maintenance and other fees to the Homeowner's Association. So now the HOAs are pleading for the condo units to be given back to the previous owners so that they can claim their money."The homeowner association, to force people to clear... Mortgage lenders pursue homeowners even after foreclosure
As terrible as it is to lose your house to foreclosure, at least it's a relief to put your biggest financial headache behind you, right?Wrong " Former homeowners may still be on the hook if there's a difference between what they owed on their mortgage and what the bank could... Chicago Foreclosures Soar in 4th Quarter
During the final three months of 2009, more homeowners defaulted on their mortgages in Chicago since 2009 when the housing crisis began. " The year-end figures, scheduled to be released Thursday by the Woodstock...
created by juliaredstone | 3 years ago | updated 3 years ago
138 views | 4 recommendations | 0 comments
138 views | 4 recommendations | 0 comments
Mortgage rescue: Credit score killer
Most troubled homeowners view President Obama's foreclosure rescue plan as a way out of their financial troubles. But many don't realize that entering a trial mortgage modification can actually hurt their credit. "...
created by juliaredstone | 3 years ago | updated 3 years ago
178 views | 2 recommendations | 2 comments
178 views | 2 recommendations | 2 comments
Lower Loan Payments = Fewer Redefaults for Homeowners
It should come as no surprise that fewer troubled borrowers will redefault if their loan payments are lowered in a mortgage modification."Only 18.7% of borrowers who had their loans modified in the second quarter... Dr. Brian Wofford Faces Extreme Makeover Home Forclosure
Dr. Brian Wofford, a recipient of a new house courtesy of ABC's Extreme Makeover - Home Edition is facing foreclosure due to his failure to finance the mortgage attached. Wofford is still thankful for the...
created by Gordon Clark | 3 years ago | updated 3 years ago
2350 views | 1 recommendation | 0 comments
2350 views | 1 recommendation | 0 comments
One in Seven Homeowners in the United States is Behind on Payment
"About one in seven American households with mortgages is behind on payments or in foreclosure, according to new data from the Mortgage Bankers Association. That is up from about one in 10 a year ago.The group reported Thursday that 14.4% of first-lien mortgages on... Sorry, No Mortgage: Experian Says That You're Dead
This is a story that teaches a good lesson: check your free annual credit report from all three major bureaus regularly. " Shortly after surviving the death of her husband and a life-threatening medical crisis, Ann Howe of Seattle decided to refinance her home mortgage.... 122 views | 0 recommendations | 0 comments
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