Federal Government to Provide Relief for Second Mortgages

home title Posted by Amanda L Carter on Apr 29th, 2009 | Comments Off home title
Homeowners who are facing foreclosure because of second mortgages on their homes received a piece of good news from the Obama Administration on Tuesday.  Financial institutions will receive subsidies from the federal government out of the Troubled Assets Relief Program…
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Mortgage Loan Modification Negotiating Tips

home title Posted by Amanda L Carter on Apr 29th, 2009 | Comments Off home title
For some small business owners, trouble on the home front (as in home mortgage front) threatens already precarious business conditions. Home mortgages that once seemed a good source of money for the business now could result in the need to lay off workers…
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Toxic Mortgages, Small Business Owners and Looming Job Losses

home title Posted by Amanda L Carter on Apr 29th, 2009 | Comments Off home title
A new study predicts that between 2 and 3 million small business jobs in California will disappear over the next 3 to 4 years. The reason? Risky home mortgages. Thought toxic home loans (and securities based on them) only caused…
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The 5 Most Misspelled Legal Terms

home title Posted by Amanda L Carter on Apr 24th, 2009 | Comments Off home title
FindLaw’s five most searched terms that are misspelled are: Statute of Limitations Bankruptcy Mortgage Libel Foreclosure  …
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Foreclosure Prevention Workshops Draw Almost 800 Homeowners

home title Posted by Adam Kaywood on Apr 15th, 2009 | Comments Off home title
BOSTON – April 9, 2009 * Nearly 800 homeowners attended foreclosure prevention workshops in Brockton and Lowell last week, taking advantage of the opportunity to meet one-on-one with their lenders as they try to avoid possibly losing their homes. The foreclosure prevention workshops are part of a comprehensive effort by the Patrick-Murray Administration to battle the foreclosure crisis and were co-sponsored by city official in Lowell and Brockton, and housing counseling agencies from each city. By comparison, six similar workshops throughout the state last year drew a total of 1,400 homeowners. Attendance at last week’s workshops is a sign that the foreclosure crisis has not ended in Massachusetts.
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Protection From Loan & Mortgage Fraudsters

home title Posted by Amanda L Carter on Apr 6th, 2009 | Comments Off home title
The US government announced today that it is implementing a multi-agency crackdown on fraudsters who attempt to scam homeowners and mortgage-holders looking for loan relief and modifications. Since the housing crisis began, officials have seen a 26% increase in mortgage fraud claims….
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