Finding the Best Mortgage



A fundamental mistake many realtors make (even the most experienced) occurs when he or she first talks to a potential buyer. As soon as the realtor learns the potential buyer isn’t preapproved for a loan, they frequently do one of two things. Either they tell the potential client they don’t work with unapproved buyers or […]

Has Your Bank Advised You To Skip Mortgage Payments?



It’s a familiar story. If you google “bank told me to miss a payment” you’ll find dozens of posts and articles about folks who say that they were current on their mortgage, and were told by their mortgage company or their mortgage servicer that they would have a better chance of qualifying for various refinancing programs if they are behind on their mortgage.

Property Damage For Delinquent Homeowners – Another Bureaucracy To Face



If you are a homeowner struggling to keep your home, and experiencing the frustrations of dealing with a giant bank or government bureaucracy, storm damage to your home has the potential of taking things to a whole new level.

Diary Of A (Stressed Out) Wells Fargo Borrower In Default



I’ve been working with a family member to help them avoid a foreclosure on their home. This person has owned their home since 2000, and had never been late with a mortgage payment until after the market collapse ended up forcing his employer out of business.

The Latest Housing Refinance Initiative – Deja Vu All Over Again



This is getting tiresome. The latest housing initiative announced yesterday by President Obama is just more of the same old thing. This time the major change is that the program has been “expanded” to allow for FHA (i.e. taxpayer) backing to refinance loans that were previously not insured by FHA. Do the banks themselves write this stuff?

Mortgage Crisis: When “Next Time” Arrives



The economic crisis has been blamed on everything from Wall Street conniving to sun spots, but in truth the biggest part of the recession is due to overinflated credit expectations. Loan approvals which never should have been given the stamp of approval caused borrowers and banks to fall into a deep crevasse of debt. The solution for budding homeowners is simple, ensure your ability to buy and maintain your home.

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