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Nick Adama's articles
One of the kinds of scams that the government is attempting to crack down on is foreclosure consultants offering bogus loan modification services to homeowners facing the loss of their homes.
Posted: 2010-02-24
Category: Mortgages
In the past couple of years, a lot of borrowers have found themselves in need of some foreclosure help. With high rates of unemployment and frozen wages, more people are finding making their payments harder each month.
Posted: 2010-02-19
Category: Mortgages
Did you know that many financial institutions are making efforts towards mortgage modification for some borrowers that are experiencing troubles?
Posted: 2010-02-17
Category: Mortgages
When attempting to receive information from a lender or servicing company, homeowners can take advantage of their legal opportunities under the Real Estate Settlement Procedures Act to send a Qualified Written Request (QWR).
Posted: 2010-02-10
Category: Mortgages
A loan workout sounds like a mixture between a yoga routine and a mortgage broker. In reality, a loan workout is what occurs when a borrower and a lender agree to modify the terms of a mortgage in order to avoid a foreclosure.
Posted: 2010-02-09
Category: Mortgages
One option for those owners having trouble making their mortgage payments is a foreclosure refinance. In the past two years, many of people have had their mortgage payments sky rocket due to rising interest rates.
Posted: 2010-02-09
Category: Mortgages
In general, foreclosure victims have extremely poor credit and little equity. This means that the majority of borrowers facing foreclosure and wasting valuable time attempting to find a foreclosure loan.
Posted: 2010-02-06
Category: Mortgages
In another sign that the average American is becoming largely desperate as the current recession continues, bankruptcy filings are up 100% since the year 2007, according to data recorded by the US Courts.
Posted: 2010-02-05
Category: Finance
More debtors are turning to strategic default as a way to avoid the eviction process or being made to pay for a property that is too expensive.
Posted: 2010-02-04
Category: Finance
One of the greatest mistakes homeowners can make when they get into a financial bind is relying on credit cards or other short-term loans to see them through the hardship.
Posted: 2010-02-03
Category: Finance
One piece of the mortgage modification or refinancing process that homeowners always get wrong is the hardship letter.
Posted: 2010-02-02
Category: Finance
But what is a forensic loan audit, anyway? Banks will not just accept one of these as an alternative to foreclosure, so why are homeowners being sold more and more of them?
Posted: 2010-02-01
Category: Finance
While changing the terms of a mortgage can be a great plan for some borrowers, few people have really questioned how a modification will be reported to the credit agencies. They are somewhat similar to refinancing a property.
Posted: 2010-02-01
Category: Finance
The question on many homeowners' minds is made in regards to foreclosure rates. Are they still rising? Where does the United States currently stand in this foreclosure crisis?
Posted: 2010-01-26
Category: Finance
Foreclosures are carried out through local court proceedings. The entire process begins when you fall at least thirty days behind on your mortgage payments.
Posted: 2010-01-22
Category: Finance
