Tag Archives: banks
Living Rent Free After a Foreclosure
In a sign of the times, more and more Americans are living in their homes post-foreclosure. An article in RSI media details the growing phenomenon and attributes the situation to the volume of foreclosures that have washed over the banks … Continue reading
Corporate Foreclosures and Individual Foreclosures
In recent weeks major real estate developers have been walking away from properties because like many home owners, they are underwater on their mortgages. Tishman Speyer Properties gave up the 56-building, 11,232-unit Peter Cooper Village and Stuyvesant Town apartment complex … Continue reading
Home Loan Modifications Impact Credit Scores in the Cincinnati Real Estate Market
The Making Homes Affordable program is designed to help individuals restructure their mortgages with their lenders. In lowering the monthly payments through renegotiating the terms of the loan, more people are able to avoid short sale and foreclosure situations. One … Continue reading
Federal Government Exerts Pressure on Lenders to Modify Mortgages
The Federal Government is looking to increase pressure on many mortgage lenders and banks to follow through with the loan modification that began under the ‘Making Homes Affordable Program’. In the program borrowers renegotiate their monthly payments to a lower level … Continue reading
If a Bank Lost Your Mortgage, You May Keep Your House
Dateline White Plains, NY – Bank Lost a Mortgage! When banks decided to pool mortgages, slice them and dice them, and sell them off in pieces (mortgage backed securities) they generate a substantial chain of ownership that became more complex … Continue reading
Foreclosure Scams – Federal Trade Commission Issues Warnings
In this current economic climate the possibility of losing your home to foreclosure can be terrifying. Currently there are con artists using mortgage rescue schemes to take advantage of home owners in distress. . The Federal Trade Commission warns that … Continue reading
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