With real estate prices on the rise across Wake County and the region of the Research Triangle of Raleigh-Cary-Durham, mortgage lenders and banks that have been carrying so-called ‘shadow inventory’ since…
How to Bid on a Trustee Foreclosure Auction Sale in Wake County Have you ever want to…
One possible enhancement to HARP known as HARP 3.0 is pushing forward the eligibility date from Ma31, 2009 to 2010. Some experts suggest that there are between 27 and 43 billion dollars’ worth of unpaid principal loan balances that could benefit from such a move.
After a few weeks of the multiple times per day barrage of phone calls from Bank of America I attempted to resolve this by calling them myself. The colossal comedy of incompetence a person has to suffer in order to get a straight answer from Bank of America is deplorable! As a Mortgage Loan Officer with nearly 15 years of experience speaking the language of mortgage lenders I can only imagine how impossible this experience is to someone without similar experience.
Obama: “Subprime lending immoral, not illegal” http://ow.ly/6PE2P Today the president took a question from a reporter who asked him why his administration had failed to file suit or enforcement action against corporate leaders for the 2008 financial crisis that ultimately led to numerous bank, insurance, auto-maker and state bailouts. To that the president replied… “If someone has engaged in fraudulent…
Regulators close small Fla bank; 2011 total is 71 http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-09-09-Bank%20Closures/id-c840f6d4c25b409dbb4c9c4b92a42727
These days there seems to be no shortage today of people or politicians angry at mortgage companies. Most however tend to be customers of the nations five largest mortgage servicers; Bank of America, Wells Fargo Home Mortgage, JP Morgan Chase & Ally Financial. The source of anger tends to be focused on foreclosure, short sale request or loan modifications aka work-outs that never seem…
If I were to tell you that you will be required by your lender {mortgagee} to give a Death Pledge to buy or refinance your next home would you might think twice and would you want to know more about to whom you were entering into a mortgage agreement with?
Here is a very funny but sadly somewhat true account in some cases of what was and is now occurring in the mortgage industry. From the man who brought us Bankster v. Deadbeat Debate… Now he sends this… Greetings from Key West. Great jobs you folks are doing, keep up the fine fight. Key…
FHA Buyer Financed Closing Costs Financing of Transaction Costs for Real Estate Owned Properties (REO) Purchased under Federal Housing Administrations $100 Down Sales Incentive Click for mortgagee letter/details Related articles Underwriting Tip – FHA Gift Funds (theraleighmortgageguy.com) Buyers Receive up to 3.5% Toward Closing Costs from Fannie Mae! (theraleighmortgageguy.com) HELP FOR HOMEOWNERS…