Article by Jack Smith Previously launched Obama’s making home affordable plan helped the homeowners facing mortgage foreclosure on a primary mortgage only. About half of these numbers have a Second Mortgage. The economic downturn has made many homeowners struggle with their monthly mortgage payments. You may be one of them who fear defaulting with payments … Read more
What Should You Do During the Foreclosure Process? What Should You Do During the Foreclosure Process Mortgage Payments Sending You Reeling? Here’s What to Do [Note: This article is taken from the Federal Trade Commission Site.] The possibility of losing your home because you can’t make the mortgage payments can be terrifying. Perhaps you’re having trouble … Read more
Federal Trade Commission (FTC) Chairman Jon Leibowitz was recently joined by California Attorney General Jerry Brown to announce the initiation of “Operation Loan Lies”, a coordinated national law enforcement effort to crack down on mortgage loan modification scams. The operation has already filed 189 actions by 25 federal and state agencies against fraudulent loan shops that … Read more