Archive for the 'Home Mortgage Foreclosure' Category
Thursday, September 15th, 2011
Foreclosure is a legal process where the mortgage provider, who has a lien on your property, can end your ownership rights. A foreclosure on property cannot legally begin until there is a violation of the mortgage contract by the debtor. Violations which can initiate a foreclosure include defaults in mortgage payments, fraud in filling out a loan application, and filing [...]
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Wednesday, August 17th, 2011
According to an online news article posted on an internet Real Estate site, “Bank of America (BofA) and the Department of Housing and Urban Development (HUD) have reached an agreement on the 57,000 delinquent, government-issued mortgages serviced by the bank. In exchange for not being held liable for failure to offer foreclosure alternatives in the [...]
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Monday, July 11th, 2011
In our system of checks and balances, Congress has the power to legislate law. The Justice Department (DOJ) is given the responsibility to uphold the laws as written, never to interpret or legislate their own laws. But has the DOJ been running amok, forcing their own self-serving agenda? According to a recent news report, Attorney General Eric [...]
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Friday, July 8th, 2011
According to a news report posted on the USA Today website by Richard Wolf, the Obama administration announced on July 6, 2009, that two programs providing unemployed homeowners a few month’s extra on their mortgages will be extended to 12 months. Not all jobless homeowners will be eligible for the benefits, but the extension could help [...]
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Wednesday, July 6th, 2011
Mortgage companies are still getting it wrong. From recent news reports, two banking giants, JPMorgan and Bank of America, are offering loan modifications for thousands of mortgage borrowers who have not asked for help but whom the banks think are at risk. The loans targeted by the two banks are adjustable rate mortgages (ARMs); loans [...]
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Friday, July 1st, 2011
According to recent news articles, a spokesman for a government backed housing program said this about regaining credit after a foreclosure, “The key is to avoid the foreclosure. That is what will help you be eligible for the shorter period.” The shorter period mentioned in the quote is referring to the time that government backed [...]
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Thursday, June 30th, 2011
The housing bubble officially burst in 2008 when the Bush Administration acknowledged the problem and began a government bail out of the housing industry. Prices on houses across the country began to drop as early as 2005. On December 24, 2009, the U.S. Treasury Department made an unprecedented announcement that it would be providing Fannie [...]
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Monday, June 6th, 2011
According to a news article posted June 5, 2011, on a WFMY News website and written by Kelly Heffernan-Tabor, a Florida couple from the Collier County area recently foreclosed on one of the nation’s larger banks after the North Carolina bank started foreclosure proceedings on the couple’s home. The bank made an error in the [...]
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Wednesday, April 27th, 2011
You have to pay attention to the entire economy–especially if you’re considering whether to invoke bankruptcy protection April 27, 2011 By Mike Hinshaw Last time we looked at various economic-indicator strategies, including the seemingly offbeat idea of following the share prices and sales of leading underwear manufacturers. Besides rising fuel and grocery prices we discussed [...]
Posted in Bankruptcy News, Home Mortgage Foreclosure, Pre-Bankruptcy | No Comments »
Saturday, April 16th, 2011
Mortgage lenders facing stiff reprimands, possibly penalties & fines April 14, 2011 By Mike Hinshaw Anyone who’s considering or who has filed for bankruptcy protection needs to be aware of the latest news in the ongoing probe of the biggest U.S, mortgage lending banks. This is especially relevant for those who have been driven to [...]
Posted in Bankruptcy Law: Your Rights, Bankruptcy News, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Credit and Bankruptcy, Home Mortgage Foreclosure, Pre-Bankruptcy | No Comments »
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