Tag Archive: help with foreclosure

Dec 07

Mortgage Principal Reductions

Mortgage Principal Reduction

Apart from the ongoing debate about mortgage interest deductions; a discussion on mortgage principal reductions has also resurfaced. The idea was put forward earlier this year and was never implemented (apart from a few cases in recent months). In the next few months, the idea will either be implemented or completely rejected, settling the debate …

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Dec 03

Getting Help With Foreclosure

foreclosure-help

A recent study stated that about 50% homeowners do not seek help when behind on their payments until it’s too late and they receive a foreclosure notice. The results of this study didn’t come as a surprise to us, as most of the cases we handle belong to homeowners that waited and waited to seek …

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Nov 23

What to Do If You Have Been Scammed

Identify Foreclosure Scams

If a mortgage scam artist or a foreclosure scam company has already taken advantage of your situation and scammed you, you have to notify the authorities. You may have signed your deed over to a company or you may have signed legally binding contracts that appear bullet proof, but the authorities can help you in …

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Nov 15

Homeowners Disappointed with the Independent Foreclosure Review Program

An estimated 4.4 million homeowners were deemed eligible for the Independent Foreclosure Review that provides  a chance to have an “independent” third party review their foreclosures. After numerous claims of mistakes and abusive servicing practices, bank regulatory authorities and mortgage companies came up with the program to ensure transparency in foreclosure. However, the results have …

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Nov 03

The Housing Situation and the Presidential Debates

Obama and Romney - Housing Crisis During Debates 2012

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 …

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