Nov 09
After the mortgage crisis, so many foreclosure scams came up along with scam artists and fraudulent companies that saw an opportunity to take advantage of struggling homeowners. Homeowners facing foreclosure are already under a lot of stress, and are extremely vulnerable to scams. With the recent state of economy, coming up with short term or …
Nov 03
It was reported in a recent article in The Nation, that about 15 million homeowners in US are underwater. Millions of homeowners draw closer and closer to foreclosure while the HAMP and HARP initiatives fall dramatically short of their targets. The article also discussed how such an important issue as the housing industry has so …
Oct 29
Our series continues by exploring the topic of mortgage forbearance and the information homeowners should know when requesting forbearance. Homeowners facing imminent foreclosure can request their lending financial institution to delay the foreclosure, and can catch up with their payments within an agreed upon time frame in order to avoid the foreclosure altogether. The delaying of the …
Oct 15
The second last and much awaited article in our series on important terms used in the mortgage industry has finally arrived. In this article, we shall discuss mortgage repayment, its benefits, and if it is the right option for you. Homeowners who suffer a short term financial hardship and miss a few payments usually struggle to …
Oct 10
As a Homeowner, You Should Know These Terms Amerihope Alliance Legal Services truly understands the plight of homeowners struggling to keep up with their mortgage payments and facing foreclosure. This article is the first in a series that will help you as a homeowner familiarize yourself with important mortgage industry terms and processes. REFINANCE: Mortgage refinance …
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