Mortgage Foreclosure & Refinance Resource

About a month after Washington Mutual Bank made a multimillion-dollar mortgage loan on a mountain home near Santa Barbara, Calif., a crucial piece of paperwork disappeared. But bank officials were unperturbed. After conducting a “due and diligent search,” an assistant vice president simply drew up an affidavit stating that the paperwork — a promissory note [...]

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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 [...]

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NOBODY wins when a home enters foreclosure — neither the borrower, who is evicted, nor the lender, who takes a loss when the home is resold. That’s the conventional wisdom, anyway. The reality is very different. Behind the scenes in these dramas, a small army of law firms and default servicing companies, who represent mortgage [...]

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