Mortgage modification can be a beneficial option to homeowners who are falling behind on their mortgage payments. While this can be an option for some homeowners, it is important to stay educated on all possible options. Two popular modification programs include the HAMP and the HAFA. Both of these programs offer different opportunities [...]
Home foreclosure can be a confusing process. Many homeowners are faced with stress and anxiety when dealing with the thought of loosing their home. Because of this fear, many families just sit back and let the foreclosure process happen. The good news is, there are ways to avoid home foreclosure. Foreclosure defense attorneys help families [...]
Florida is just one of the states in which foreclosure defense attorneys continue to fight against wrongful home foreclosures. Unfortunately, there have been some issues with keeping these types of foreclosure cases out of court. As of recent, court documents have been re-filed in order to succeed in home possession for many of these wrongful [...]
Home foreclosure and mortgage modification companies have not always been honest. Of recent, companies have been trying to act as if they are apart of the Government, in order to gain the confidence of American people. For instance, they send letters and documents as well as charging dishonest fees. These letters contain promises of home [...]
The numbers never lie and depending on which source you sight the numbers is between 70%-90% of all residential loans since 2003 contain some sort of fraud or predatory lending. Even on the low end the numbers are staggering considering millions of mortgages have been funded and sold since then. What exactly does fraud or [...]
More than 7.2 million mortgage loans are now behind on payments and one million properties are now in real estate-owned status, according to the January 2010 Mortgage Monitor report from Lender Processing Services in Jacksonville, Fla. Home delinquency rates have surpassed 10%. The total foreclosure inventory rate is 3.2%, and the total non-current rate, which [...]
No it is not the traditional dance we are all accustomed to seeing at a 50th birthday party, but rather one of the most powerful foreclosure defense strategies a homeowner can use. Imagine being able to persuade the judge to suspend the foreclosure case for months on end while the lender pulls their hair out [...]
Debt consolidation loans are becoming more and more popular with consumers these days. Mostly because interest rates are at an all time low and it just makes sense to combine all that debt into one low monthly payment. The issue many borrowers are facing right now is most lenders are not lending and if they [...]
Statistics have shown that a traditional loan modification does not work. Only about 9% of all loans in default have been modified and more than 57% of those loans that have been modified default within six months of the modification. The three main reasons why traditional loan modifications don’t work. The homeowner either makes too [...]
What most people are unaware of is the importance of the chain of title. You see, the only person who can foreclose on a property is the person who owns the promissory note and deed of trust (together they make up the mortgage). The promissory note is the loan documents – how much was borrowed [...]
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