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.
Worried About Foreclosure? Beware Of Foreclosure Related Rip-Offs
June 1, 2012 by
When you are worried about foreclosure, or you’ve actually gotten an acceleration letter from your lender or an attorney, the last thing you need is to be preyed upon by phony “loss-mitigation experts”, who give you misleading information that may make your situation worse.
Property Damage For Delinquent Homeowners – Another Bureaucracy To Face
April 24, 2012 by
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.
Considering a Loan Modification: The Legal Ramifications
March 24, 2012 by
Imagine this ! You purchased your home and have been making your payments diligently every month for the last 4 years. The real estate market value in your area has dropped and you find yourself “upside down” in your loan. (You owe the bank more than what your home is worth). So what’s your next move?
The Basics Of Using Hard Money To Buy and Fix Investment Property
January 31, 2012 by
Hard Money is a type of loan that is generally used by real estate investors to purchase and repair a piece of real estate. Lenders are mostly small companies or private individuals with funds to invest. Learn how to exploit this kind of loan to its full potential and make the most from your investments.
How To Prevent A Foreclosure On Your Home
January 23, 2012 by
The Federal Reserve Bank Of New York recently stated that over the next two years the U.S. could see another 3.6 million foreclosures. With this in mind, it’s important for homeowners to know that there are things they can do to help delay or stop a foreclosure on their home.
Investors Want H&R Block’s Subprime Lender to Pay Up
May 9, 2011 by
Several mortgage bond investors are seeking assistance to force a subprime lending unit of H&R Block Inc. to buy back billions of dollars worth of faulty loans. The company, called Option One back when it did its dirty work, is now known by the name Sand Canyon Corp (SCC). H&R Block sold off the servicing
