Posts with tag loan modification

Michelle Hansen Tags Home With Message to Chase Bank: You're 'Stealing' My House

Cases of homeowners struggling against their banks to fend off foreclosure are a dime a dozen these days. But Michelle Hansen of Aurora, Colo., is upping the ante against JPMorgan Chase, which she says is refusing to grant her a loan modification after she became delinquent on her mortgage. What's her tactic? She's using... Continue Reading »

New Warning on Mortgage Mods: Demand for Up-Front Fees Is a Sure Sign of a Scam

The housing market has been slowly recovering for most of the year, but the fact remains that millions of Americans are still underwater when it comes to what they owe on their mortgage versus the value of their home. As such, many may be looking for some relief, and scammers are now preying on that need. In recent weeks,... Continue Reading »

Homeowner Kimberly Smith's Mortgage Loan Modification Saved Her Only $1.61 Per Month

Stone Mountain, Ga., resident Kimberly Smith couldn't believe her eyes when she saw how much she was saving on her mortgage under a loan modification with Bank of America. That's not to say that it was a generous amount: Her monthly payments went down by a grand total of $1.61. "It has to be a Halloween joke,"... Continue Reading »

Hope That U.S. Can Weather New Foreclosure Storm

Like a dark, ominous cloud, the menace of a foreclosure onslaught has loomed portentously over the U.S. real estate market in recent months, threatening to wash away a fledgling recovery. Now it looks like the storm has hit -- but this time we may be ready for it. After more than two years of sputtering, the... Continue Reading »

Facing Foreclosure, Ernie Soto Fights to Hang Onto Family Home

By Arthur Delaney ALAMOGORDO, N.M. -- From next to the dead tree in his backyard, Ernie Soto can see the big house where he used to live. It's perched on the side of a mountain overlooking Alamogordo, a town of 36,000 on the eastern edge of New Mexico's Tularosa Basin. In 2007 Soto moved downhill to a smaller house... Continue Reading »

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