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The Summer that Foreclosures and Delinquencies Stabilized Foreclosure Rates Slowly Decreasing Until Harvey Roared Nearly 10 years after the Troubled Assets Relief Program (TARP) was established, Foreclosure rates remain stagnant, when comparing month to month, but is actually down year over year by over 27 percent. When congress authorized TARP through the Emergency Economic Stabilization…
Read MoreIf you know, you’re heading to foreclosure you may sell your house in what is referred to as a brief sale if you are able to negotiate with the lender to take less than that which you owe on your house loan. A foreclosure is bad enough, but a legal eviction will basically prove to…
Read MorePossible Warning Signs on Mortgage Help You Need to Be Aware Of Finding Mortgage Help There is a lot of confusion out there about which assistance will save your home, and how it works. Then there are submissions and resubmissions of documents. Lenders request some documents, even if you already sent them, and you have…
Read MoreThe Summer that Foreclosures and Delinquencies Stabilized Did you know that foreclosures usually spike in summer months? Black Knight June 2017 First Look at Mortgage Data report, states foreclosure rates are holding steady month over month as of June 2017. Loan delinquencies in the US are at 3.8 percent (this rate is referring to loans…
Read MorecWG1gXjk7dg 700 400 default Home Prices Soar, Leaving Budget Conscious Buyers in the Dust Home Prices Soar, Leaving Budget Conscious Buyers in the Dust This report closely mirrors the January Redfin estimate of 5.3% increase of 2017 home prices as compared to 2016 home prices. The Home Sale Price explosion is not actually the main…
Read MoreWells Fargo in New Scandal – This Time Over Unauthorized Mortgage Modifications Wells Fargo is back in court. According to attorney Theodore Bartholow III, who represents the plaintiffs Christopher and Allison Cotton, Wells Fargo has secretly modified his client’s mortgage resulting in an extension of the mortgage term by over 25 years. According to the…
Read MoreFast-Track Foreclosure’s Spreading Across Nation in Blight Fight The volume of first time Foreclosures in the U.S. have declined. Still, houses vacated by owners who did not feel they could save their homes, continue to plague major cities across the United States. Fast-Track foreclosure laws are being passed by several states, including Florida, New Jersey,…
Read More0lZRJh7PVgk 700 400 default Follow these 6 Steps to Buy a Home in 2017 Follow these 6 Steps to Buy a Home in 2017 T ’is the season to buy a home. School is out of session and if families plan to move, now is the time most make the change. With that in mind,…
Read MoreChase Originator Pleads Guilty -$33M Former Chase Mortgage Originator pleads guilty to fraud costing Chase $33 million! How the Fraud Happened: Underwriters base approvals, as well as interest rates and loan amounts on the amount of risk inherent in a loan application. That risk has traditionally been calculated on the 5 C’s of credit underwriting:…
Read MoreRuling Wrongful Foreclosure Dismissed in Appeals Wondering if the homeowner ever wins? The short answer is YES. It may be in an appeals court, but if you know you are right, and that the foreclosure process was improperly handled, then it may be worth the court and attorney costs plus the time involved in resolving…
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