A lot of press has been generated lately about Real Estate Foreclosure Scam artists and Fraudsters. This post was on the Business Week website last week from an anonymous commenter. I thought it was a great comment, because it highlights the fact that a lot of people woudn’t be in foreclosure to begin with, if [...]
Predatory Lending Targets Homeowners with Equity. Lending and mortgage origination practices are considered “predatory” when the borrower is pressured into taking a home loan that is not what they expected. Sounds like the auto industry – doesn’t it. Predatory lending practices can involve a variety of “sharks, including lenders, mortgage brokers, real estate brokers, attorneys, [...]
Bankruptcy For Stopping Foreclosure – Don’t Jump In Without Knowing What You’re Getting Into The question is often asked whether or not bankruptcy can save a homeowner from foreclosure. While declaring bankruptcy will stop a foreclosure sale, it is usually just a temporary fix. Homeowners who declare bankruptcy to stop foreclosure enter into what is [...]
What should you do if you’re behind on your mortgage payments? Many homeowners are behind on their mortgage payments for too many reasons to list here. We will cover that in another posting. What can a person behind in their loan payments? The professional experts suggest several actions: Talk to your lender – Some lenders [...]
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