July 2009

I get emails and questions in my forum/blog daily about loan modification companies and if they are all scams.  To say every foreclosure prevention company is a scam would be like saying every investment manager is like Bernie Madoff or every politician [...]

Submitted by a Homeowner on LoanSafe.org Chase called again.. Received another call from Chase but he did not identify which department he was calling from. He explained that he wanted to see if we could make payment arrangements to get [...]

Mr. White found that mortgage modifications peaked in February and have declined in all but one month since. While servicers modified 23,749 loans in these trusts in February, they changed only 19,041 in May and 18,179 in June. This is [...]

TOURISM: Values Have Declined 50% to 80% in Last 3 Years, Broker Says The number of California hotels that are in default on their loans or have gone into foreclosure has jumped a whopping 125 percent in the past 60 [...]

I wrote about this last month and it seems to be picking up steam in the media. Which is great for Indymac borrowers because a loan modification spot light needs to be shined on these new creeps who bought Indymac [...]

Are you planning to make some repairs, adding a room, or simply making your home more attractive for the purpose of increasing its market value? Performing some repairs is particularly wise if you have a home that is getting old [...]

Are you planning to buy a home and you have several offers that you are looking into? How do you choose among the various offers? I suggest you interview the mortgage lender and ask him several questions.  The first question [...]

Every day I get questions in my email and I do my best to answer them. It is tough being one person trying to help so many people. But, I do my best to help when I can and I [...]

WASHINGTON — Delinquencies and foreclosures on first-lien mortgages continued to increase during the first quarter of this year, but loan modifications also increased and the trend continued toward more sustainable modifications with lower monthly payments, according to a report issued [...]

We must do more for responsible homeowners who are underwater. Here in Florida, a place synonymous with bad real estate and mortgage decision-making that has consequently seen steep declines in home value, I’ve been noticing yet another troubling trend. Owners [...]

Mortgage refinancing appears to be an attractive option for homeowners because of its various advantages which are plenty. However, there are several not-so-obvious disadvantages that you may not be aware of. Thus, there is a need for some kind of [...]

You are not alone if you are facing the possibility of a foreclosure right now! That’s for sure! Times are hard and more and more homeowners are finding out that they may lose their homes. But remember that this is [...]