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mortgages for people in foreclosure FAQ
Foreclosure and not paying bills?
Mar 17, 2011 by tlc289 | Posted in Renting & Real Estate
I've read this on a semi-popular website but don't know the validity. Apparently some people stay in their foreclosed homes without paying their mortgage - for years on end. How is this... are they tied up in legal proceedings or what?
It happens, but you sure cannot count on it. I know of properties that were to be sold almost a year ago and have not gone to foreclosure sale yet, but some are sold on the first auction date, catching the 'hopeful to live house payment free' owners
godged | Mar 17, 2011
some banks feel that they would rather have people living in the house than have it empty while they try to sell it
pickmefirstplz | Mar 17, 2011
has anyone ever lost their home to foreclosure? if so how did it effect you?
Mar 01, 2011 by Tina | Posted in Renting & Real Estate
We recently lost our home to foreclosure and I am devastated. My husband on the other hand is okay with it and okay with starting over. I keep crying about it and I know that there is nothing that can be done but it still hurts. Our situation was different
..yea I lost my home but its not the end of the world ... life goes on ...I lost the morgage deduction and now as a renter I have no major tax deduction ... When you think about it the morgage deduction is unfair to renters but thats the way the "tax
Mack dnife | Mar 01, 2011
Will Pres Clinton go down in history as the one that balanced the budget but destroyed the housing market?
Mar 08, 2011 by R J | Posted in Politics
first everyone deserved a car, then a credit card and then a house. Wonder why Obama doesn't put pressure on the banks to extend the mortgages. There were 4,000 different types of mortgages and most were set at low payments for the first five years
No the GOP congress balanced the budget, but he did destroy the housing market as well as the integrity of the office of president in my opinion
Paul Grass™℠ | Mar 08, 2011
Bill Clinton can kiss my ass.
Come and Take It | Mar 08, 2011
mortgages for people in foreclosure news
Bank of America CEO Faces Shareholder Ire Amid Protests
18.05.12
Pressed him on complaints ranging from
mortgage practices and foreclosures to customer service and
political contributions. One attendee at the Charlotte, North
Carolina event lamented the lost value of his shares and
referred to the bank as “a felon.”
“We abide by the law every day,” Moynihan said, adding
that managers are cleaning up the bank’s practices and that
50,000 are giving borrowers “every chance” to get
mortgage modifications. “I think we’re doing everything we
can,” he said.
Source: BusinessWeek
mortgages for people in foreclosure about
Grass Roots: Do you hear outrage over bank foreclosure practices?
Capital Times - Apr 27, 2011
One observer watched the protestors, laughingly dismissing them as "Obama's people." When I told him they were protesting mortgage foreclosures, he offered that he's had to help out his son to keep him from losing his house. So what does he think about
Home-loan-modification program remains stalled
Arizona Republic - Apr 27, 2011
Even then, it was clear that the plan to help people avoid foreclosure had stalled. HAMP's poor results are blamed mainly on lenders unwilling to work with homeowners, with lenders instead choosing to foreclose and resell a home for less than half of
Mortgage Fraud and the Financial Crisis
PR-USA.net (press release) - Apr 27, 2011
This fallout does not only include depressed housing values and the seemingly endless waves of foreclosures that have affected so many lives. It also includes the unfairness of bringing mortgage fraud cases against people who were rank-and-file players
Quick fix for mortgage woes?
Minneapolis Star Tribune (blog) - Apr 27, 2011
It's called the Mortgage Help Center and it's a joint project between Fannie Mae and the Minnesota Home Ownership Center, who have opened a local office with local Fannie Mae employees to create a direct link between borrowers (via foreclosure
