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foreclosure prevention
For 2009, Oklahoma ranked 34th among all states in foreclosure rate, an increase of 3.79% from the year before. Nationally, 2009 was the worse year for foreclosures in US history, with 2.8 million property owners receiving a foreclosure notice.
Foreclosures in Oklahoma are either non judicial or judicial. The lender does not have to go to [...]
“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.”
Mortgage Outreach.org prides itself on being an objective reputable information source for homeowners in trouble. It has consistently warned borrowers of pitfalls in obtaining a mortgage payment reduction.
By Paul M. J. Suchecki
Tags: foreclosure prevention, Obama Homeowner Affordability and Stability Plan, ...
No CommentsRising unemployment, generally flat or even falling home prices, and impending mortgage rate resets threaten to cast millions more out of their homes with devastating effects on families
If you walk into office of most mortgage help firms you’ll observe a typical phone room boiler room with banks of hard core salespeople on auto dialers, cajoling and coercing vulnerable borrowers into forking over scarce cash for help.
The counselors who answer the phone are attuned to your needs. The only reason they are not moving as quickly as you’d want is that they are overwhelmed.
By Paul M. J. SucheckiTags: cash for keys, deed in lieu of foreclosure, Deficiency Judgment, foreclosure prevention...5 CommentsIt’s all too easy to get disheartened about your mortgage difficulties and simply decide to pack up and walk away from your home, especially if your mortgage is now substantially greater than the value of your house.
By Paul M. J. SucheckiTags: foreclosure prevention, homeowner help, Loan Modification, mortgage advice...10 CommentsIf you get a call or a letter that offers help with your mortgage, look into how legitimate the company is. Is it a member of the Better Business Bureau? Is it registered with your local regulatory agency like your state’s department of real estate?
By Paul M. J. SucheckiTags: foreclosure prevention, Loan Modification, mortgage reform, Obama...2 CommentsSince the program’s inception in March, the Obama Program has modified only 200,000 while more than a million homeowners received default notices in the first half of the year.
Why is Making Home Affordable Falling Short? By most estimates, it has been applied to 5% of those eligible while a record 5.4 million American homeowners are now behind on their mortgage payments.
mortgage fraud reverse mortgage personal finance Deficiency Judgment Default Nationwide Mortgage Licensing System credit cards Short-Fi Jumbo Loan second mortgage Loan Default Short Sale bankruptcy Loss Mitigation Conforming Loan mortgage first time home buyer tax credit Loan to Value Uncategorized Upside Down unemployment Real Life Stories Obama Financial Reform Obama Housing Plan Falling Home Value Refinance Lenders home value Credit Mortgage Revision economic news Loan Modification Foreclosure Help
January 11, 2010 1 Responses
Strategic Default? By Paul M. J. Suchecki
Comment by Stephanie: "This is hilarious!!..."
August 24, 2009 4 Responses
Who Will Answer the Phone? By Paul M. J. Suchecki
Comment by Jastnartest: "really great..."
December 30, 2009 11 Responses
Optimism, Albeit Guarded By Paul M. J. Suchecki
Comment by rickyk4: "Hi everyone, I..."
March 10, 2010 1 Responses
New Short Sale Program By Paul M. J. Suchecki
Comment by pharmacy technician: "nice post...."
