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Homes in Foreclosure Break All Time Record
The continued job losses being experienced across the nation are driving up delinquencies to all time record highs. The number of loans in foreclosure at the end of the 3rd quarter measured a record 14.41% , which are at least...
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SCAMMED BY A LOAN MOD COMPANY OR LAW FIRM?
Can you imagine not even having enough money to pay your mortgage, and then scraping up two or three thousand dollars on the promise of someone guaranteeing you they can make your problems go away and keep you in your home, and...
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How To Stop Foreclosure Now By Telling Your Bank To ‘Produce The Note’
Foreclosures are skyrocketing; families are being forced from their homes and in many cases, the banks forcibly kicking families out of their homes, do not have the legal right to do so! In fact, banks across the Nation are foreclosing...
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Negative Amortization Loans Race To Higher Levels of Default
It now looks like the coming wave of foreclosures will be headed by homeowners stuck in an Option Arm, Negative Amortization (Neg Am) loan. These are mortgage loans whereby the homeowner has the option of paying less than an...
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Is FHA The New Sub-Prime?
Independent Auditor says FHA reserves have fallen below the 2% minimum reserve required by law. A large increase in foreclosures has pushed the reserve fund at the Federal Housing Administration to a record-low level, according...
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Presidents of Regional Fed Banks Warn Unemployment to Stay High
In recent, separate speeches, the Presidents of the San Francisco and Atlanta regional Federal Banks said essentially the same thing. They confirmed the recovery is weak (what recovery?), and this will result in continuing high...
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Bailed Out Banks Now Failing!
California bank failure will cost FDIC $1.4 billion! Four other banks also failed this Friday and were taken over by the FDIC. If only we could see the Future! Here we go again on this merry-go-round of wasted taxpayer dollars. Five...
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Torture Charged in LA Area Mortgage Rescue Case
For those of you who have previously paid money to a foreclosure consultant or loan modification company, there may have been times when you felt nothing was being done on your case, that perhaps you had been scammed, and thoughts...
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More Mortgage Scandals out of Countrywide/Bank of America!
It has just been revealed that this past Friday, October 26, 2009, the Chairman of the House Oversight and Government Reform Committee, Rep. Edolphus Towns, D-N.Y., has issued a subpoena to Countrywide Financial Corp., now owned...
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How To Do A Short Refi Into A Reverse Mortgage: With Scott Tucker
How To Do A Short Refi Into A Reverse Mortgage An Interview With Scott Tucker This is a special interview I conducted with Scott Tucker, a leader in reverse mortgages. He has help save many seniors from losing their homes to foreclosure...
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