Articles in ’Mortgage’ Category

Taking advantage of a law (Adverse Possession) that very few know about, Roderick Walker has walked into a vacant house, legally after filing affidavit, without opposition. He has been telling his clients to do the same thing and many have been successful. One person got into trouble but he will fight the bank for fraudulently foreclosing and not the other way round.

The officials of the state are worried as the mortgage servicers are gearing up for foreclosing on 18,000 houses in Maryland. It will mark the end of the pause that was brought about because of the exposure of the robo-signing scandal. There has been an uptick in the number of notices [...]

The attorney general of Michigan Bill Schuette has subpoenaed (criminal) some mortgage processing companies for submitting forged documents. He is targeting DocX and some others. Meanwhile he is also connected with other attorneys general with investigations in this regard at the national level.

The big question today is whether it is prudent to opt for strategic default and walk away rather than continue with underwater mortgages. The numbers of those seeking advice along these lines have increased. It is not that these persons are dead beat but they have good credit scores.

Before you tend to purchase a house, you need to understand the basic question that ‘how much house I can afford‘. If you get a fair idea of your financial status, it will be able to save much of your time and toil. However, three major things should be kept in mind before you start [...]

Debts can be of two kinds, unsecured and secured. But you need to pay off all types of debts so that you don’t have to file for bankruptcy or even avoid getting your property foreclosed. If you have a lot of credit card debts, you must go for credit card debt elimination program or [...]

The FHA is changing its old rule about banning resale of units within 90 days of purchase in trying to resolve the problem of excess number of foreclosed units. The FHA commissioner David H. Stevens said that by doing away with this anti-flipping rule under certain circumstances, it is hoped that [...]

Times are difficult in the US. Unemployment is at an all-time high. As people lose jobs, they falter on mortgage payments. Hence, foreclosures are at an all-time high. What is distressing, even the senior citizens are losing their homes. Take, for instance, a 75-year old retired government employee, who lived in Carmel Valley. She is [...]

The US is in the grip of a recession. Unemployment is at the peak of 10 per cent. As people lose jobs, they default on mortgage payments. Consequently, even those with good credit history are defaulting on mortgage payments. Hence, foreclosures have become common. In Wichita, however, the foreclosure rate has [...]