Mortgage Foreclosure & Refinance Resource

As soon as word gets out that you’re facing foreclosure you may be contacted by a number of different players in the industry. Here is a breakdown of some of some of the type of folks you may hear from:

Your Lender. Especially if you have a government backed mortgage, you may be offered multiple ways […]

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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 lenders, […]

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One problem is that mortgage servicers make their money from late fees and other penalties charged to borrowers.”There’s a built-in incentive for the servicing industry to really rip people off,” contends Richard Gaudreau, a Salem attorney who specializes in consumer bankruptcy law. “If they can throw your payment into a suspense account because it’s a […]

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