Steps to Keeping Your Home and Avoid Foreclosure
A report from the fourth quarter of 2008 shows that a growing number of homeowners are seeking lower mortgage payments through loan modification programs and mortgage refinancing.
In an effort to stabilize the housing market and help millions of American homeowners reduce their monthly mortgage payments, the federal government has launched “Making Home Affordable.” A new effort with Freddie Mac, this program offers some of the most aggressive refinancing and loan workout opportunities for financially strapped borrowers to date.
The program also warns those looking to cut their mortgage payments to beware of foreclosure “rescue” firms. These firms charge fees, but fail to provide solutions. To avoid scams, experts advise troubled borrowers to make sure they are dealing with a reputable organization by calling your loan servicer and HUD-certified housing counselor.
For more information on this new initiative, please visit http://inr.mediaseed.tv/FreddieMac_36557/. You may also find additional media assets at http://mediaseed.tv/Story.aspx?story=36557.
New foreclosure defense: Prove I owe you
How clever! Can the banks produce original mortgage note signed by me? I didn’t think about it this way, but then again I am not facing foreclosure. If I did, who knows what kind of strategy I would think up. This one is definitely going to delay foreclosure if banks cannot produce original documentation.
ZEPHYRHILLS, Fla. – Kathy Lovelace lost her job and was about to lose her house, too. But then she made a seemingly simple request of the bank: Show me the original mortgage paperwork.
via New foreclosure defense: Prove I owe you – Mortgage Mess- msnbc.com.
Site Sponsors
|
 |