Every homeowner should get a life of loan history or transaction history for his or her home mortgage at least once year and review it to see how your payments are posted and what charges have been assessed against your loan.  Many times a mortgage servicer will post your payment to a suspense account (especially [...]

Bankruptcy law permits a homeowner to strip off a junior lien on their property where the senior liens equal or exceed the property’s present value. Homes that are impossibly encumbered on the face of it may be salvageable for the owner if one mortgage simply goes away.
As we come down from the lending frenzy [...]

The housing rescue legislation that was signed into law today is called the Hope for Homeowners Act of 2008. Sounds good, right? Hopeful, even.
But the cynic in my head says “Yeah, and they called the bankruptcy amendments two years ago a “Consumer Protection” act. So let’s take a quick look at what [...]

Mortgage fraud is rampant throughout the United States.  As such people are frustrated because they want to find resources to assist the.  With the advent of the Internet there all sorts of resources available to everyone.
If you live in Nebraska there are resources that are state specific for mortgage fraud.  You can also read the [...]

The New York Times on Sunday examined the mortgage loan situation and its impact on every day borrowers.  It pointed readers to the HUD web site and a model Qualified Written Request letter directed at loan servicers.
Aha, I thought:  the government is helping borrowers monitor the servicing of their loans, which all too often gather [...]

The mortgage lending crisis has claimed another victim. On July 11, 2008, the Federal Government stepped in to take control of Pasadena-based IndyMac, a lending institution specializing in creative loan products such as payment-option home loans.  It is estimated that the Federal Deposit Insurance Corporation will be forced to pay out 4.5-8 Billion dollars to [...]

The fact that Chapter 13 bankruptcy might stop a foreclosure and save a home is not new news, but it should be in more headlines or at least in more stories about foreclosure problems. If you are facing foreclosure, see an experienced consumer bankruptcy attorney to discuss whether or not Chapter 13 can help [...]

Two giant Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac are teetering on the brink financially. These two entities, chartered by congress to help consumers find home loans at reasonable rates, are struggling with loan defaults. The Federal Home Loan Mortgage Corporation (”FHLMC”), normally referred to as Freddie Mac, and Federal National [...]

It is the all American Dream to own a home. We are bombarded with this thought process from the day we are born or the day we immigrate to this country. We receive this message in school, from the media and our parents. In order to be successful you must be [...]

A twelve-year-old girl from Bend, Oregon, Mimi Ausland, has come up with a way we can all help shelters feed foreclosure pets, those animals that are left behind when a family home is lost to foreclosure. Mimi found corporate sponsors, and with the help of her parents, created www.freekibble.com.
For every visitor to the web [...]