From CNN.com: Americans should not stop paying their mortgages even if their mortgage companies are threatened because “your home and your mortgage are not affected by the fact that your mortgage company may go out of business,” CNN senior business correspondent Ali Velshi says.
If the mortgage company that holds my mortgage goes out of business, […]
Entries Tagged as 'Avoiding Foreclosure'
Your Mortgage Company Out of Business? Still Have to Pay your Mortgage
September 25th, 2008 · 1 Comment
Tags: Avoiding Foreclosure · Foreclosure Information · Mortgage Litigation
Can’t Refinance your mortgage? Try to a Loan Modification
August 29th, 2008 · No Comments
The FDIC gave the loan modification a nice marketing boost by sending out loan modification offers to 25,000 borrowers with IndyMac mortgages. That landed a lot of headlines and even more homeowners wondering where their good deal is. Fortunately, this is not an original idea or reserved for banks in receivership. It is […]
Tags: Avoiding Foreclosure
Housing Recovery Act Depends on Banks to Refinance Mortgages
August 16th, 2008 · No Comments
First-time homebuyers, veterans, senior citizens and delinquent mortgage holders may benefit from the newly enacted housing bill. How well it will work may depend on regulators and your bank.
The Housing and Economic Recovery Act, intended to stem home foreclosures and spark sales, offers first-time buyers a tax credit of up to $7,500. It also extends […]