May 3rd 2012 1:45PM
If you're teetering on the edge of foreclosure, you may have a much better chance of finding your footing than in years past. Servicers of delinquent or at-risk mortgages appear poised to ramp up their use of alternatives to foreclosure this year, an industry shift that could enable many more homeowners to hold onto their... Continue Reading »
Oct 18th 2011 2:00PM
"Why won't the bank just reduce the amount of my loan instead of taking my home and then selling it to someone else for way less than I would have been happy to pay?" It's a question that gets asked repeatedly these days, especially by people who are facing foreclosure or are upside down on their mortgages. Continue Reading »
Dec 22nd 2010 4:39PM
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 »
Dec 21st 2010 12:30PM
Saving your home from foreclosure with a mortgage modification has gotten much harder in California in recent months. The reason is a law passed by the State Legislature in September 2009 prohibiting lawyers from collecting any fees related to mortgage modifications from clients until the related work is finished. The law... Continue Reading »
Sep 30th 2010 11:27AM
Some good news from Debt City, U.S.A.: The rate of serious delinquencies on conventional mortgages -- those that are at least 90 days behind -- fell to 4.82 percent in July, from 4.99 percent in June. Freddie Mac's delinquency rate dropped to 3.83 percent in August, from 3.89 percent in July. Fannie Mae's delinquency rate... Continue Reading »
