January 17, 2012
Author: William M. Davis
If you are unable to repay your loan for any reason, you can apply for forbearance agreement and avoid fines and penalties. It is temporary arrangement which can help you avoid a foreclosure and will be between you and your bad credit loan lender. They will be able to develop a plan to help you revive your credit score to manage your payments.
March 23, 2011
Author: William M. Davis
JaMarcus Russell, former Oakland Raiders quarterback, is facing foreclosure on his Oakland mansion and will end up losing his property if he does not pay within the next 3 months. According to reports, Russell owes over $195,000 on his 5,800 square foot property in back mortgage payments. The property was purchased back in 2007 for 2.4 million and will be auctioned if Russell does not come up with the money soon.
February 25, 2011
Author: William M. Davis
It is hard for someone to get a mortgage following a foreclosure; however, it is possible. Having a foreclosure really looks bad on a credit report but with the right formula, getting a mortgage with a foreclosure can be done. There are still mortgage lenders for people with foreclosures.
February 23, 2011
Author: William M. Davis
The glut of foreclosed and unsold homes currently on the market brought on by the real estate crisis is forcing mortgage lenders and builders to look to auctions to assist them with selling their unwanted heartaches and headaches. With no other way out, these auctions are a flurry of real estate activity in an otherwise inactive market.
February 18, 2011
Author: William M. Davis
If you do not understand the foreclosure crisis, here is a quick look at what the fuss is all about and how it can have an effect on you. You could call it the foreclosure guide for dummies. During the last two decades of the last millennium, subprime lenders were multiplying like bunny rabbits. So did the number of subprime mortgage loans.
February 15, 2011
Author: William M. Davis
With many folks facing foreclosure these days, wrapping your head around the concept may be a good idea for some homeowners. Not every foreclosure happens the same way. There are many variables; however, there is a basic format that can be understood. So let’s answer the question which is on many people’s mind these days; how does foreclosure work?
February 11, 2011
Author: William M. Davis
Currently the nation is witnessing a foreclosure crisis in America. Many states are looking into the matter and banks have begun to freeze foreclosures due to the increase in numbers. The crisis nature of this climate is worsened by some banks not being able to come up with proper documentation to foreclose on properties. The real estate is sparked by many creative lending practices. Many Americans that would not have been able to own a home got into the market due to these practices.