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.

Settlement May Force Banks to Allow Short Sales



A settlement of a case involving absurdly poor paperwork by banks may force the banks to allow severely delinquent homeowners to find relief through short sales.  In a short sale, the homeowner is allowed to sell the home for less than the amount owned on the loan.  Normally, a short sale requires the permission of […]

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