Finance

Presenting the Latest News on Bank of America Foreclosures

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After writing a recent post reporting that Bank of America has halted foreclosures in all fifty states, I am not writing this follow up post. As posted on the Internet by dsnews, effective Monday, Ocobter 25th, Bank of America will resume the foreclosure sale process in the 23 states that use judicial foreclosure. On a [...]

October 19, 2010 CONTINUE READING THIS POST →

Foreclosures Halted at Bank of America

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The world is going bananas. And… the sh^& is really hitting the fan. Foreclosures are now being halted by Bank of America in all fifty states according to reports in both the Wall Street Journal and dsnews. If you have not been following all of this foreclosure and pre-foreclosure drama over the last few days, [...]

October 8, 2010 CONTINUE READING THIS POST →

Are you thinking about applying for a loan modification?

There is nothing wrong with doing a loan modification in Escondido, San Marcos, North San Diego County or beyond. In fact, it may be a great way to improve upon the terms of your existing mortgage. Here are a few scenarios where borrowers (homeowners) may want to attempt a loan modification: You have a mortgage [...]

August 1, 2010 CONTINUE READING THIS POST →

North San Diego County Homeowners, Good News if You Have an FHA Mortgage

Do you have an FHA mortgage? Are you having trouble making your payments? Well, the FHA has some good news for you. Last week the Federal Housing Administration announced that it is now going to be working with homeowners (borrowers) before they become delinquent on their mortgages. If a borrower can prove a financial hardship [...]

January 29, 2010 CONTINUE READING THIS POST →

What Does ‘Mortgage Servicer’ Mean? Why Is Knowing this Important?

If you are trying to contact your lender to work out a payment plan or discuss some other matter, knowing who owns your mortgage can be very helpful. Unfortunately finding out is not as easy as it sounds since more often your mortgage lender is not the one who owns your mortgage. When you purchase [...]

January 19, 2010 CONTINUE READING THIS POST →

Can Your Credit Score Impact Your Mortgage Rate?

You want to buy a home. You have heard that it is a great time to purchase. But, how do you begin the process? The process begins with you. You must have the credit to qualify for a home loan. Borrowers and prospective home buyers are always curious about the relationship between a credit score [...]

January 5, 2010 CONTINUE READING THIS POST →