Real Estate Foreclosure Blog
The modification programme of the Federal Government is not making much headway thanks to the lengthy delays and denials on the part of the lenders. At the end of the trail that has failed, the borrowers find a long bill. One victim, Patrick Dinunzio aged sixty, a resident of Romeo, found himself owing the lender [...]
A politician has been involved in a mortgage fraud running into millions putting into embarrassment Prime Minister Stephen Harper and his Conservative Party. MP Devinder Shory (Calgary Northeast) is named among others in a legal suit involving a mortgage scam worth $70 million at Bank of Montreal. Included in the suit are over one hundred [...]
The mortgage help programme is exposing borrowers more to scams. The Obama government has made some recent changes to its assistance programme but that seems to be inviting more trouble from scammers. Last March some changes were made that was intended to make things easier for borrowers trying to skirt foreclosure. But the steps are [...]
With each passing day the challenge of underwater mortgages is intensifying. By underwater mortgages are meant those loans whose values are more than the fallen worth of the properties. It poses the question as to why the default number has not proportionately increased with borrowers walking away from such futile financial exercises. One reason is [...]
Freddie Mac has conducted a Primary Mortgage Market Survey, according to which interest rates on loans have dipped below five per cent. This coupled with a moderation in price decline of homes has given a boost to consumer demand. In fact, demand for prime mortgages in banks has gathered steam. This was revealed by Frank [...]
If a person is having poor credit history, he or she might have to face difficulty to prove income or get no down payment to get a home mortgage loan approved. In such cases, considering sub prime mortgage lenders will definitely help you in acquiring a loan. Before taking help from sub prime mortgage lenders, [...]
Real Estate Foreclosure Blog