Second wave of foreclosures looming
November 19, 2009 by BankSlayer
Filed under Blog for Homeowners
As reported by Stephanie Armour in USA Today, the next wave is poised to roll in, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices.
These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales.
About 7 million properties are destined [...]
Free mortgage audit for Veterans!
November 11, 2009 by BankSlayer
Filed under Blog for Homeowners
In honor of Veterans Day and all our military members have done for this great country will are providing all Veterans with a free mortgage audit today.
A mortgage audit is a forensic analysis of your Loan Application, the Good Faith Estimate, the Truth in Lending Statement, Note, Deed of Trust, HUD-1 closing statement and other [...]
Can a Retro Appraisal Save the Day?
November 2, 2009 by Homeowners Hero
Filed under Blog for Homeowners
So-called “retro appraisals” are the latest tool at the disposal of lawyers looking to fight off foreclosure and obtain a favorable loan modification or a short sale for their clients.
“The theory is that the financing was based upon a questionable appraisal which the lender approved without proper oversight,” a RetroAppraisals.com release said. “Mortgage brokers, real estate agents, and lenders had close [...]
