Mortgage Foreclosure & Refinance Resource

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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BBC posted a clip from their news show on the new homeless in America, forced to lose their homes by the subprime crisis. An interesting five minute clip which shows tent cities which had sprung up in certain parts of the US where many home owners were forced out of their houses, unable to pay [...]

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Following up to our last post which cited the Mortgage Bankers Association survey here is another gem from it. At a time when mortgage lenders were touting efforts to help homeowners avoid foreclosure, delinquent borrowers were almost twice as likely to lose their homes as they were to reach an agreement with their lender that [...]

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