Foreclosure
Complaint Against Banks And Foreclosure Reviews
You may want to file a complaint with the OCC if your bank has wronged you, but you may also be entitled to a foreclosure review. We received yet another email from a woman who has been trying to keep her house …
Buying Foreclosed Homes And Getting to Closing
You might have succeeded in buying a foreclosed home, you’ll need to get the bank’s attention to get tot he closing table. Q: I am buying a foreclosed home from a bank in Georgia. I am paying cash for the …
Investing In Real Estate With Friend Leads To Problems
If you invest in real estate with friends or relatives, plan ahead. Otherwise, you may find yourself deep with problems when money is short or disagreements arise. Q: My friend and I bought a single family house to make some …
Buying a Foreclosed Or Short Sale Home
Buying a foreclosed or short sale home when you are downsizing. Q: We would like to down-size and are looking at a community with a lot of short-sales and foreclosures. Is there anyway to lessen the expected protracted period of …
Short Sale Fraud In The Sale Of Home
Short sale fraud is possible when a seller decides to sell his home with the intent to keep it for himself by using a quitclaim deed. Q: My brother is in foreclosure on his house. He is trying to get …
Underwater Mortgage May Lead to Strategic Default
Can honor ever exist in a strategic default or foreclosure when you have an underwater mortgage? Q: My wife has a home that we currently live in that she purchased back in 2003. We find ourselves in a place where …
Deed-in-lieu or Foreclosure on Second Home
Deed-in-lieu or Foreclosure on a vacation second home is not a sure thing with a bank. Q: I have applied for a deed-in-lieu of foreclosure on a vacation beach home I own, but can no longer make the payments. I’m …
How To Catch Up On Mortgage Payments and Avoid Foreclosure
If you’ve wondered how to catch up on your mortgage payments, this reader wants to know and wants to avoid foreclosure. Q: Unbeknownst to me my husband stopped paying our mortgage payments. When I found out, I called to find …
Delinquent Mortgage Fees Create Revenue For Mortgage Lenders
Q: I read your article my local paper titled “Mortgage Modification is Stymied” and I, too, am appalled at the treatment many borrowers receive in the modification process. Most of the large lenders simply have not staffed their servicing departments …
Second Mortgage Holder Can Foreclose On Property
Q: My dad and my mom bought a house with a mortgage. My mom died, and my dad married my stepmom. They took out a second loan on the property, but then separated for awhile. During that period of time, …
