Posts about mortgages, including home loans, refinancing, interest rates, and strategies to manage payments and avoid foreclosure.
Michigan Attorney General Mike Cox recently announced the filing of 19 criminal complaints and a total of 69 charges against illegal advanced fee “foreclosure rescue” operations accused of defrauding Michigan families of thousands of dollars. Nine Michigan mortgage companies are accused of illegally charging homeowners facing foreclosure upfront fees for mortgage modification assistance. The defendants …
Infomercials, websites, radio advertisements, and word of mouth are being monitored by Attorney General Greg Zoeller’s Homeowner Protection Unit (HPU) are using to track down foreclosure consultant companies that may be operating illegally in Indiana or have failed to strictly comply with Indiana’s new laws meant to protect consumers. Zoeller today filed lawsuits against three …
“Dear Steve, I am a 63 year old single woman who has been living in a condo that I have been paying a mortgage on for almost 27 years. I am presently collecting social security and have a small part time job. I have very little savings which I am using to pay bills. I …
The L.A. Time ran a story citing that Fannie Mae plans to get tough on homeowners who can afford their mortgages but walk away from them in what is now called a “strategic default.” So tough in fact they plan to sue these homeowners that do that. Fannie Mae also states they plan to limit …
As his competitors imploded one by one, Jim Hodge, the folksy founder of Allied Home Mortgage Capital, touted his sprawling Houston firm as a survivor. Not only was Allied still standing, Hodge told employees in a company newsletter in December, it was thriving. “The good news,” Hodge wrote, “is that even though we are all …
For so long I’ve heard the arguments that some claim that a mortgage is not a real document and violates all sorts of laws and arguments and can’t be enforced. People sell all sorts of crazy courses and make all sorts of claims to get money from people in order to show them how to …
This is an update on a previous article, Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam. In a continuing probe into a defunct Southern California mortgage brokerage, Attorney General Edmund G. Brown Jr. today announced the arrests of president and co-owner Sean McConville and two associates who used “deceptive promises and forged documents” …
Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more …
The Federal Trade Commission has named several new defendants and added new charges concerning so-called “forensic audits” to its lawsuit against an operation that allegedly bilked homeowners who were trying to lower their mortgage payments. The action is part of an ongoing crackdown on scams that target consumers who are behind in their mortgage payments …
In this day and age the amount of people unable to pay their mortgages is on the rise. Be it medical bills, loss of income or a change in circumstances, many people are running into shortages in their lives leaving them coming up short for that monthly mortgage payment. While these times in life are …