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 one payment past due or in some stage of foreclosure.
This is attributed to increasing job [...]

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 then finding out you’ve been ripped off? The knowledge that not only have you lost your money to a con artist, but that your home is about to be sold, is devastating to people. Yet, it is sadly happening everyday. Men, women and children are being forced from their homes and often, it’s after being scammed by a loan modification company or even a loan modification law firm.

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 interest only payment and the difference is added onto the principle balance. In a short period of time, this causes the principle balance to balloon upward; often to as much as 120-125% of the original loan balance.

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 of revenge entered your mind.

Loan Modification Companies & Attorneys Are Now Breaking The Law!

In California, Florida and other States across the country, it is now illegal to charge homeowners a fee prior to the completion of all loan modification services! In California, legislation which became effective this week (October 14, 2009) makes it a crime to receive a fee for providing loan modification services until after the completion of all agreed upon services.

7,000,000 More Foreclosures Coming – Banks Ready to Foreclosure on 7 Million More Families

According to the analysts at Amherst Securities Group that there are seven million foreclosures that banks are likely to take over in the coming year.

Foreclosure Mediation Does Not Work – Loan Modifications Less Likely To Happen

Watch out, everyone. Your sneaky politicians are at it again!

I just read a great article in the Wall Street Journal. It was based on a report put out by the National Consumer Law Center. The National Consumer Law Center is a non-profit advocacy group that advocates for low-income Americans. What they did was they reviewed 25 different mediation programs in fourteen different states.

Doctor In Foreclosure Gets Ripped Off!

Even Doctors are being taken advantage of by loan modification scams! Don’t let this happen to you.
Get the education you need to save your home NOW!

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Deed in Lieu of Foreclosure or Deed in Lieu

A Deed In Lieu (DIL), which is the term commonly used for Deed In Lieu of Foreclosure, is a home disposition option in which a mortgagor voluntarily deeds collateral property (their home) in exchange for a release from all obligations under the mortgage.

An interesting misconception about a DIL of foreclosure is that many people feel they can just give the home back to the bank at any time, without meeting any qualifying criteria. This is not true.

California Foreclosure Moratorium Scam – Assembly Bill X2 7

http://SecretsToStopYourForeclosure.com Free Video Reveals The #1 Secret To Stop Foreclosure Now That Your Loan Modification Company Won’t Tell You And Your Bank Is Praying You Won’t Find Out.

Stop Foreclosure Now – How To Do It Yourself

All of the banks and servicing companies have a Loss Mitigation Department. It is the Loss Mitigation Department that you really need to speak with when you’re at that point and time where a Notice of Default (NOD) has been filed.

Loan Modification – Do It Yourself vs. Hire A Company/Law Firm

The biggest difference between doing a loan modification yourself and hiring a company to help you do a loan modification is PRICE!

Notice of Default (NOD) – What Does It Mean When Your Bank Files A Notice of Default?

A Notice of Default (NOD) is a legal, publicly available document giving notice that a homeowner has not made their mortgage payments and is in default on their home loan. It is filed with the homeowner’s county recorder’s office.

Obama Mortgage Bailout – The Home Affordable Modification Program (HAMP) & What This Means To You

The Obama mortgage modification/bailout plan known as HAMP, has a small number of reasonably easy to meet criteria that must be met to potentially receive a mortgage modification and lower your mortgage payments.

Wow! Arizona Attorney General Tells All!

You heard it right here! In an underground video taken at a town hall meeting, Attorney General Terry Goddard gives the real skinny on loan modification companies.
If you want to save your house, get this FREE DVD.

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