foreclosure process - Articles

Home Repossessions Picked Up in May, RealtyTrac Reports

By Alex Veiga LOS ANGELES -- Lenders stepped up action last month against homeowners who had fallen behind on their mortgage payments, taking possession of more homes and initiating the foreclosure countdown clock on many others. Completed foreclosures jumped 11 percent nationally in May from the previous month, with... Continue Reading »

10 Best States to Default on Your Mortgage

Defaulting on your mortgage inevitably pushes you into the foreclosure process, and that can be a very traumatic experience. But there is a glimmer of hope, even if you're already getting phone calls and notices warning you of impending foreclosure. If you live in a state where it takes an exceptionally long time to... Continue Reading »

Report: Banks Force Distressed Homeowners to Waive Right

As the federal government wades deeper into claims of improper foreclosure procedures at the nation's largest banks, a new scandal is emerging. An investigative series by ProPublica has revealed that several lenders are forcing distressed homeowners to sign away their rights to sue in exchange for a temporary loan... Continue Reading »

Mortgage Modifications Get Some Real Help

Since California passed its new law mandating how lawyers can be paid for helping with mortgage modifications, Californians are finding it difficult to get assistance. Charles Martin used his 19 months of fighting for a mortgage modification for his own home in California to learn the ropes and now helps others, not only... Continue Reading »

Faulty Foreclosure Docs? Feds Investigate

Federal regulators are probing possible problems in a private company's electronic processing of foreclosure documents. They are looking into the methods of the Mortgage Electronic Registration System, which tracks mortgage loan ownership and servicing rights. MERS is being investigated by the Office of the Comptroller of... Continue Reading »

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