Here we go again another government attempt to stop foreclosure. With government initiated loan modification programs failing to put a stop to the foreclosure crisis.
Ben S. Bernanke, Chairman of the Board of Governors of the Federal Reserve System, told congressional leaders in a letter yesterday that the Fed will seek to renegotiate mortgages it owns [...]
Posted in Blog | Tagged foreclosure, Government, loan, modification, relief, with
Are you finding that it’s becoming more and more difficult to pay your bills?
Have you missed a payment or two on your mortgage? Worried about your credit card bills? Is your car payment draining your bank account? Is it getting harder to meet just about all of your obligations?
Or are you facing that worst-case scenario [...]
Posted in Blog | Tagged actually, easier, foreclosure, how, its, stop, than, think, to, you
So who is better off in this foreclosure crisis? The homeowner that put down 20% on their home when they purchased it, the one that financed 100% or the one that is an interest only mortgage or adjustable?
The answer to these types of questions will vary from critic to critic, however; it seems that the [...]
Posted in Blog | Tagged down, foreclosure, is, mortgage, my, on, only, option, upside
Right now there is a lot of real estate in New Orleans in foreclosure. If you find yourself facing foreclosure in New Orleans, there are several steps you can take to avoid it and save your home and credit.
First, you can try calling your bank and working out a repayment plan. If you are only [...]
Posted in Blog | Tagged avoid, foreclosure, how, in, new, orleans, to
Hundreds of thousands of Americans have either been foreclosed on, or are facing foreclosures. Neither the banks, nor the homeowners want this to happen. Banks don’t want it to happen because they’re forced to write down foreclosures, which runs the risk of the bank failing. Homeowners don’t want to lose their homes.
The root cause of [...]
Posted in Blog | Tagged a, before, foreclosure, its, late, loan, modification, stop, too
There are certain steps that a lender can undertake when the mortgage foreclosure has started. One of the main steps is called the trustee’s sale or sheriff’s sale. In states that use deeds of trust, this process is called non-judicial foreclosure.
For example, the borrower misses a payment on his loan after the typical grace period [...]
Posted in Blog | Tagged a, foreclosure, in, is, mortgage, process, Sale., the, trustees, what
