I was researched some articles about loss mitigation services. So far, it seems like a asset, but I’m still concerned about the third party company. Has anyone got scammed by this company or can anyone provide reliable information about it?
If you take out a variable/adjustable rate mortgage now isn’t there a risk it can go to 10-15% or higher if there is high inflation and the central bank raises interest rates?
Consider a database of prior loans made by Wells Fargo. In this database, 70 of these loans had a workout attempt that succeeded. 9 of these loans were made to clients in booming economic conditions. 6 of the loans were made to clients in booming economic conditions and had workouts that succeeded. If we randomly [...]
home loan modification vs mortgage refinancing, are they the same thing?
What is loss mitigation, and does every mortgage company have one? I am with Citimortgage and 3 months behind. People have told me to contact loss mitigation. Can I call Citimortgage and have them connect me directly to them? Can they set up payment options or are they going to demand [...]
I owe several years of back taxes. How do I stop bank foreclosure because of back taxes? I am paying the taxes as much as I can a month.
If so, does anyone know how it works? I received a phone call the other day from an “attorney” who said they could put a “hold” on my account with my mortgage company for 3 months, and submit paperwork on my behalf to my mortgage company for them to lower my interest rate and my [...]
I had to do a deed in lieu last year on my house. Does this mean my chances of ever getting a new mortgage are non existent? With the current housing prices so low, I could easily afford a house now, but I’ve been told that because of my deed in lieu, I should just [...]
I’m planning to do a short refinance (get FHA loan and let lawyer to negotiate price reduction with a bank). Are banks doing price reductions? There are some companies doing this (ShortRefiMe), had anybody have experience with them?
