Neither one of the choices should be taken lightly, and of course you need to talk to your attorney, but here are some facts if you’re thinking about filing for bankruptcy to avoid foreclosure. First, we caution against falling for some of the schemes that have been developed that entice a homeowner who is facing [...]
Entries Tagged as 'Avoiding Foreclosure'
What to do: Mortgage Foreclosure or File for Bankruptcy
November 17th, 2008 · No Comments
Tags: "mortgage modification" · Avoiding Foreclosure
Lenders Speakout Against Government Package on Foreclosure Prevention
November 13th, 2008 · No Comments
Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure.
“This program is extremely difficult and complex and just not logistically possible,” said Jason Graydon, a mortgage loan officer with Bank of Travelers Rest, in Travelers [...]
Tags: "mortgage modification" · Avoiding Foreclosure · Government Bailout
Residential Capital, 5th Largest Mortgage Servicer Also Supports Streamlined Modification Plan
November 12th, 2008 · No Comments
Following the lead of many other mortgage servicers, Residential Capital has joined the mortgage lenders in supporting help for homeowners. The Chairman and CEO, Thomas Marano in response to the Streamlined mortgage modification Plan ssued the following statement: “Residential Capital, LLC (ResCap) strongly supports the actions taken today by the Federal Housing Finance Agency, the [...]
