Mortgage Delinquencies Plumet and Subprime Borrowers Get Shot

TransUnion, the credit reporting people, have just released new data that certainly makes it appear the big wave of mortgage defaults and delinquencies is over. In fact this data marks the ninth quarter of declines in the rate at which borrowers are 60 or more days behind on their mortgages. We haven’t see rates this … Read more

Our Mortgage is in Default But Bank Did Not Foreclose. – Kal

“Dear Steve, Husband laid off for over a year, went into foreclosure, stopped the foreclosure in the 14 day period with the bank attorney. Called to check status and the attorney said the case was closed? Have not heard anything from the bank except they were not going to foreclose. We did have a discharged … Read more