- Foreclosure Help
- Loan Modification
- economic news
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- home value
- Lenders
- Falling Home Value
- Refinance
- Obama Housing Plan
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- Upside Down
- Real Life Stories
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- Uncategorized
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- mortgage
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- Deficiency Judgment
- personal finance
- mortgage fraud
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- Default
- credit cards
Topic: bankruptcy
“The study finds that Blacks and Latinos were two to nine more likely to have high cost mortgages than whites,” according to WCVI President Antonio Gonzalez. “These predatory banking practices have directly led to the loss of homes.”
Yesterday CIT Group, a century old small to mid capitalization business lender, filed Chapter 11. CIT had operated in 50 countries and 30 industries. Today CIT was removed from its listing on the NY Stock Exchange.
“We are in uncharted territory…a house that has no discernible debt on it, yet… We cannot in theory just go out and sell this house because the title company won’t give a clear title on it.”
By Paul M. J. Suchecki
Tags: bankruptcy, foreclosure prevention, homeowner help, mortgage advice...
No CommentsChapter 7 will ultimately cancel all the mortgage debt secured by your home, but you won’t be able to keep it, unless you make arrangements through a loan modification to pay off your mortgage. The good news is that with your unsecured debt gone, you’ll now be able to better make those house payments.
Deficiency Judgment Nationwide Mortgage Licensing System personal finance Default credit cards mortgage fraud Jumbo Loan Short-Fi Loan Default Short Sale second mortgage Conforming Loan Loss Mitigation bankruptcy Uncategorized mortgage Loan to Value first time home buyer tax credit unemployment Upside Down Real Life Stories Obama Financial Reform Obama Housing Plan Refinance Falling Home Value Lenders home value Mortgage Revision Credit economic news Loan Modification Foreclosure Help
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