Preventing Foreclosure with a Hard Money Loan?

Hard money loans are essentially short-term loans that are secured by a person’s home.  Unlike a more common mortgage, these loans originate from private individuals or institutions...

Loan Modifications Still Needed in Utah

The financial crisis that began in 2008 particularly impacted mortgage brokers.  Lenders, including Bank of America and Wells Fargo, are looking for ways to avoid foreclosures.  In 2009, almost 3 million...

Florida Law on Foreclosure Relief Scams

Through the combined efforts of the Attorney General and the state legislature, Florida was one of the first states to aggressively combat mortgage and foreclosure relief fraud.

Lis Pendens Foreclosure Law and Process

  The lis pendens process is a judicial process of foreclosure that is used by lenders to institute foreclosure proceedings against borrowers who have defaulted on their mortgages. Not all states use the judicial process of foreclosure so...

Responding to a Foreclosure Lawsuit Called by a Lender

Your lender can institute a foreclosure action against you when you default on your mortgage. Generally, you must be at least 90 days behind on your mortgage before any legal action will be taken by your...

Obama Announces Another TARP Housing Program

On February 29, 1010, President Obama announced another $1.5 billion dollars will be allocated to 5 states to help with the dropping housing prices.  The program has been...

Property Values Down in Florida

A newspaper article in the Sun-Sentinel this morning reported that the property values across Broward County were about 19% less than those reported in 2008.   The figures were...

Foreclosure Statute Information

The laws of each state vary regarding foreclosure proceedings.  Every state has their own foreclosure statutes which must be followed by the parties involved. Foreclosures are instituted by lenders when borrowers default on their mortgages.  A foreclosure can be conducted by filing a lis...

2010 Foreclosure Avoidance Program and Updates

  Homeowners who are facing foreclosure now have more choices of programs under 2010 foreclosure laws than they did a year ago to help them save their homes from foreclosures. There are now several government foreclosure...

Alternatives to Foreclosure for Citi Mortgage Customers

What if you could live in your house for 6 months and get $1,000.00 to move instead of a foreclosure?  Sounds too good to be true? Not so for certain homeowners living...