Articles, tagged with "foreclosure", page 4
27th July 2009
In the July 11, 2009 Washington Post article "Coming Up Short - Is a Short Sale Right for You?" the article quotes Bank of America's Dave Sunlin, a senior vice president who manages the foreclosure and real estate division as saying: "We understand this i...
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Author:
MarcTow
07th July 2009
If you are behind in your mortgage payments, you will be contacted by many people who will offer to provide a loan modification with your lender.
What is a Loan Modification? That is where you and your lender agree to modify one or more of the terms of...
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Author:
Author Unknown
20th June 2009
There will be a structured foreclosure process, the time that a foreclosure is registered, in every state. In a judicial state, the time starts when the lawsuit, is filed.
In a non-judicial state, the timing starts when the notice of default or notice ...
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Author:
shreebest
05th June 2009
A large number of us are under the impression that debt and credit are fairly modern inventions, and we are quick to blame money troubles on the credit card or easy loans. But the truth is much different. Civilised man has wrestled with these concepts for...
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Author:
Robert Palmer
15th May 2009
Are you looking for a sample letter for loan modification application? So are half of the homeowners in the country. The letter you send in with your loan modification application is just as important as the application itself, if not more so. Here is a g...
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Author:
Lindsy Emery
27th April 2009
With all of the different parties involved in a mortgage transaction, it can be surprisingly easy for important mistakes to be made in the mortgage or note documents. Banks can be held accountable for these mistakes, even if they are not discovered until ...
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Author:
Nick Adama
23rd April 2009
The two programs planned under Well Fargo loan modification have different eligibility requirements. The program based on the interruption of the foreclosure process and the proposal of a new payment plan excludes from the start those who are facing bankr...
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Author:
Lindsy Emery
17th April 2009
Litton Loan Servicing is a major loan servicer based out of Houston, Texas. They service approximately $60 billion in subprime loans, or troubled loans with problem borrowers. If you have a mortgage loan serviced by Litton and are having financial difficu...
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Author:
dlegaspi
15th April 2009
Are mortgages simply a trap? Many people have been burned by the real estate market and the corruption in this industry over the past several years. Should you even get a mortgage, or should you fear that if you do you'll face nightmares like foreclosure ...
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Author:
Robert Bell
23rd March 2009
All banks are different. It can take anywhere from 30 to 90 days for a decision to modify a loan.
The reasons for this are varied. Banks originally were not set up with entire loan modification/loss mitigation departments dedicated to handle the large sc...
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Author:
Shawn
17th February 2009
When the economy is not doing well, thousands of people may very well lose their job as well as their ability to continue meeting mortgage payments. When that happens, the inevitable follows - foreclosure of the property is looming ahead in the horizon. I...
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Author:
Gen Wright
16th February 2009
A financial hardship letter explains to your creditor why you are in financial trouble and requests a specific remedy to help you through the crisis. There are different reasons for writing a hardship letter, but the most common these days are:
1. Requ...
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Author:
Home Loan Modification
14th January 2009
What is "produce the note"? Why is everyone talking about it? Does it apply to me? How can it help to save my home from foreclosure? All these questions will be addressed in this article.
What It Is: Produce the note is a defensive strategy that you ca...
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Author:
Michael Patrick Rooney, Esq., Broker
09th January 2009
I was always very interested in having a job that I could do at home. I spent many weeks searching for a program that was legitimate and provided training. There were some that just sounded illegal and others that had posts on forums and numerous webpage'...
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Author:
Fonville
08th January 2009
Foreclosure cleanup is one of the best businesses to start according to the "USA Today" article, 'Trash-out' firms clean up in foreclosure biz. It states: "Entrepreneur Magazine included a foreclosure cleanup business - Cyprexx Services of Brandon, Fla. -...
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Author:
Yuwanda Black