Tuesday, September 7th is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure Posted foreclosures for the Greater Houston Area total 6,689 which is a 43% jump from last month’s 4,478. Galveston County continues to rocket forward with a 53.7% increase over August’s posted foreclosures. Fort Bend County was [...]
AHMSI robbing homeowners…is American Home Mortgage Servicing Inc your servicer?
September 2, 2010 By Leave a Comment
AHMSI is near the top of our personal list of mortgage servicers (the “mortgage” company that collects the payment) that routinely “loses” payments, “misapplies” property tax payments, and forecloses after collecting multiple payments under what homeowners thought was a forbearance or loan modification. Finally, Texas Attorney General Greg Abbott’s office has caught on to these [...]
Did one of these folks scam you?
September 2, 2010 By Leave a Comment
If you got scammed by one of these folks and are dealing with the misery of a real estate transaction gone bad please contact our office ASAP! On the flip side, if you were involved in a deal with these folks and you knew it wasn’t on the “up and up” don’t call! – The [...]
1 in 10 familes is in danger of foreclosure
August 27, 2010 By Leave a Comment
Look around you. Does your neighbor, friend, co-worker or family member have a mortgage? How about ten folks on your street? The Mortgage Bankers Association is reporting that 1 in 10 American households with a mortgage is at risk of losing its home, and the foreclosure crisis could worsen if jobs remain scarce. The housing [...]
MERS – Are 62 Million Homes Legally Foreclosure Proof?
August 22, 2010 By 2 Comments
Yes, you heard it right. The movement against MERS, short for Mortgage Electronic Registration System, Inc., is picking up steam. In case after case, MERS is being more and more closely analyzed as to their role, or their “registration” system’s role in the ongoing foreclosure crisis. MERS related foreclosures may soon grind to a [...]
Houston area foreclosure stats for August 2010
July 27, 2010 By Leave a Comment
Tuesday, August 3rd is Foreclosure Tuesday. Here is a quick look at the Houston area foreclosure stats: Posted Homes for Foreclosure 226 – Brazoria County (Pearland, Alvin, Lake Jackson, etc.) 586 – Fort Bend County (Missouri City, Sugar Land, Richmond, etc.) 244 – Galveston County (Galveston, Clearlake, Texas City, etc.) 3,361 – Harris County (Houston, Pasadena, Baytown, [...]
Forensic Mortgage Loan Audit Scams: A New Twist on Foreclosure Rescue Fraud says FTC
June 7, 2010 By Leave a Comment
The latest foreclosure rescue scam to exploit homeowners is a forensic mortgage loan audit says the FTC. They should have said MAY BE a scam. What the FTC doesn’t tell you is that it is only a scam if there is no value to the audit. A good audit will analyze your loan not just [...]
Just Say No to Mortgage Games – FIGHT!!!
June 4, 2010 By Leave a Comment
Sick and tired of the lies perpetrated by your mortgage lender? Wondering why your loan mod or short sale is ALWAYS IN REVIEW. Have you finally caught on to the fact that they WANT TO TAKE YOUR HOME because they owe little to nothing on your loan since THEY NEVER FUNDED IT in the first [...]
Fannie Mae requiring borrower to be more credit worthy. Say it isn’t so!
May 5, 2010 By Leave a Comment
Citing the need to protect borrowers from mortgage payments that potentially balloon out of control, Fannie Mae is putting forward new standards for the purchase and securitization of adjustable-rate mortgage (ARM) products. Why stop now? You have unlimited U.S. taxpayer money. Everyone NEEDS to have a home. More loans, more loans, more loans. A mortgage [...]
No Trust in the Trustee – Rigging foreclosure auctions for profit
May 3, 2010 By Leave a Comment
“There is no trust in this business” said the foreclosure trustee. Scary huh? This isn’t some fictional story. This is real life in Harris County, Houston, Texas. Recently, members of our team confronted the Trustee that was about to auction off the homestead of one of our clients. In our hand was the Temporary Restraining [...]
