Foreclosure

Foreclosure isn’t a good thing, but knowing more about how it works and the alternatives to it can be useful.

Foreclosures May Come to a Halt in California

Foreclosures May Come to a Halt in California
February 27, 2012 No Comments »

It feels like 2008 all over again… Attorney General Kamala Harris wants to put the brakes on most foreclosure sales in the state of California, according to a letter obtained by Bloomberg. Apparently Harris sent a letter to Edward DeMarco ... Read More »

Do I Qualify for the National Mortgage Settlement?

Do I Qualify for the National Mortgage Settlement?
February 9, 2012 16 Comments »

In case you haven’t heard by now, the so-called “National Mortgage Settlement” was finalized today. It’s the largest multi-state settlement since the Tobacco Settlement back in 1998, related to robosigning allegations that took place over the past several years. Essentially, ... Read More »

Here’s What the Foreclosure Settlement May Look Like

Here’s What the Foreclosure Settlement May Look Like
January 24, 2012 1 Comment »

So it’s looks as if they’re finally getting around to finalizing that huge compensation deal related to all those unlawful foreclosures. Five of the nation’s biggest banks, including Ally Financial, Bank of America, Chase, Citi, and Wells Fargo, want to ... Read More »

Why Principal Reductions on Loan Mods Aren’t the Move

Why Principal Reductions on Loan Mods Aren’t the Move
January 11, 2012 1 Comment »

Unless you live under a rock, you’ve likely heard stirrings of a mega super duper fantastic solve-all trillion-dollar refinance program in the works to save America once and for all. You know, the one President Obama plans to unveil just ... Read More »

Freddie Mac Expands Unemployed Mortgage Forbearance

Freddie Mac Expands Unemployed Mortgage Forbearance
January 10, 2012 No Comments »

Mortgage financier Freddie Mac announced late last week that it was expanding its forbearance program for unemployed borrowers. Beginning on February 1, mortgage loan servicers will be able to offer forbearance to unemployed borrowers for up to six months without ... Read More »

Fitch: Supply of Foreclosed Homes ‘Staggering’

Fitch: Supply of Foreclosed Homes ‘Staggering’
December 15, 2011 No Comments »

In case you were wondering how things were going on the housing front, the news still doesn’t look too hot. Aside from homes sales data being revised, downward, the foreclosure glut appears to be nastier than ever. Fitch Ratings, which ... Read More »

Foreclosures Halted for Holidays as Inventory Hits All Time High

Foreclosures Halted for Holidays as Inventory Hits All Time High
December 1, 2011 No Comments »

Government mortgage financiers Freddie Mac and Fannie Mae announced separate foreclosure moratoriums today as foreclosure inventories hit an all-time high. Fannie Mae will suspend evictions of foreclosed single-family homes and 2-4 unit properties from December 19, 2011 through January 2, ... Read More »

Independent Foreclosure Review Underway

Independent Foreclosure Review Underway
November 1, 2011 1 Comment »

Remember the robosigning scandal that rocked the mortgage industry last year? Well, if you got caught up in the foreclosure mess, financial compensation may be coming your way. As part of a consent order with federal regulators, 14 mortgage servicers ... Read More »

Can’t Pay Your Mortgage? Turn Your Home Into a Billboard

April 7, 2011 No Comments »

If you’re having trouble keeping up with mortgage payments, which we know many of you are, there’s a new solution. It might be a little less conventional than a loan modification or a short sale, but it’s still a solution, ... Read More »

California Mortgage Defaults Down 40 Percent

April 21, 2010 No Comments »

Notices of default, the first step in the foreclosure process, fell 4.2 percent in the first quarter compared to the linked quarter and 40 percent year-over-year in the Golden State. A total of 81,054 “NODs” were recorded between January and ... Read More »