Continuing our series on foreclosure prevention tips, here are three more tips if you’re facing foreclosure: If you’re already getting foreclosure or behind on your payment notices from your lender asking you to contact them about missed payments or possible foreclosure contact a HUD-approved Housing Counseling Agency. Housing counselors can help you understand the law, [...]
Entries from November 2007
Foreclosure Prevention Tips, Part 2
November 16th, 2007 · No Comments
Tags: Avoiding Foreclosure
Foreclosures Stoped Because Lenders Can’t Prove They Own the Mortgage
November 15th, 2007 · 2 Comments
A federal judge in Ohio has ruled against a longstanding foreclosure practice, potentially creating an obstacle for lenders trying to reclaim properties from troubled borrowers, which can help you keep your house if you are being foreclosed in court. Lawyers for homeowners in foreclosure are expected to seize upon the district judge’s opinion as a [...]
Tags: Avoiding Foreclosure · Mortgage Legislation
Misperception about FDIC Insurance
November 14th, 2007 · No Comments
Massive investment bank mortgage securities write-downs have led some investors to speculate about the potential for a “run on the bank,” with depositors pulling assets out of fears their banks might go belly up. WSJ has a great primer on which bank accounts are insured by the FDIC and other FDIC related myths.
Tags: Uncategorized