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 […]
Tags: Foreclosure Information · Foreclosure Statistics · Mortgage Scams
As hundreds of thousands of American home owners fall behind on their mortgage payments, more people are turning to short-term loans with sky-high interest rates just to get by.
While figures are hard to come by, evidence from nonprofit credit and mortgage counselors suggests that the number of people using these so-called “pay day loans” is […]
Tags: Avoiding Foreclosure
Following up on yesterday’s post today president George Bush and the two highest economic officials in the US government all objected strongly today to plans in Congress for changing bankruptcy laws to protect homeowners caught up in the mortgage meltdown. The idea of allowing bankruptcy judges to restructure loans ‘wouldn’t be fair to millions who […]