Search:
Jeffrey Fisher's Articles in news
Show All
|
Display Category
|
Title
|
Newest
|
Oldest
Shall We Stay Put And Pay Our Mortgages Or Walk Away?
For a lot of people, they have always paid their mortgage payments on time. As the U.S. economy takes it toll with a gloomy outlook on jobs coupled with the plague of underwater homes or fallen home prices, many homeowners discover themselves to be financially squeezed after experiencing severe loss of equity on their homes.
Why Pay Your Mortgage When Renting Is More Affordable?
For the majority of homeowners, many often made on-time mortgage payments. With the ballooning unemployment rate or the shrinking of US jobs together with the undesirable event of home prices fallen off a cliff, many homeowners find themselves trapped for the first time after realizing a severe hit on the equity of their homes.
CitiMortgage Launched Its Foreclosure Alternatives Program
CitiMortgage yielded a new program to aid homeowners by allowing them to stay in their properties for an extra 6 months as long as they hand in their property deeds when the six months expire. The new program termed Foreclosure Alternatives Program is deemed to attract 1,000 home participants and is open to the states of Illinois, Michigan, Texas, Florida, New Jersey and Ohio. CitiMortgage may implement the program in all states.
Can My Lender Pursue A Deficiency Judgment After A Short Sale?
As troubling it is to lose your house to foreclosure, borrowers may still be on the hook for the deficiency amount. It is the difference of what's owed on the home loan and what the bank could sell for at an auction. "Deficiency judgments" can hurt ex-homeowners years after they have lost their property.
Short Sale, Second Lien Fraud
As congressmen establish new laws to prevent mortgage fraud, there seems to be a new sort of behind the scenes mortgage fraud performed by agents from big banks. On Jan 15th 2010, CNBC real estate journalist, Diana Olick wrote a provoking story regarding short-sales and mortgage fraud conducted by agents representing big banks.
Sign Up
Submit Articles
Member Login
Piercing shop
