A recent report mentioned that JP Morgan & Chase is insisting on fixing the foreclosure problem as soon as possible. The reason behind this urgency is that the bank is facing financial losses due to the prolonged processes and pressure from the federal government and attorneys to provide loan modifications to every individual who has [...]
People who have looked into the foreclosure situation know they can save a few dollars by buying one of these foreclosure properties, but they may not fully understand how much money they can actually save by buying one of the fixer upper homes for sale that are often part of the foreclosure process in any [...]
Since the “Robo-signing” disaster took place in the foreclosure market, the banks have been under pressure from the borrowers, investors and the lawmakers. On Monday the two major banks, Bank of America and JP Morgan & Chase are going to face dual hearing in the Congress. This is the first hearing where executives of both [...]
When looking through all the different fixer upper homes for sale and foreclosure properties on the market, you need to be aware there are certain advantages to shopping for one of these homes even though you’ll need to do a little work to bring them up to standard. First and foremost, you’ll be able to [...]
Many home owners facing foreclosures are facing a situation like Jill Gray of Mesquite, who is in a mess. She is living in a rented home around 12 miles from her own house in Garland which was sold away in foreclosure. 38 year old Gray says that she tried to modify her mortgage for over [...]
The New York judiciary took action to assert its honour by mandating banks which file foreclosure properties to tender individual statements that swore to stop robo-signing. Robo signing refers to the practice of employees of lenders of signing away thousands of documents of foreclosures without reviewing facts. Now Cuyahoga (Ohio) county judges are also following [...]
Finding distressed homes means you’ll need a few criteria to help you look through all the different variables. It doesn’t matter what part of the country you are considering or the kind of home you are looking for, there are a number of items you should put on a checklist to make sure you find [...]
A case against James Renfro of Parma, Ohio filed for default on mortgage has been cancelled by his lender GMAC. Two affidavits concerning Renfro’s property were signed by a Jeffrey Stephan, an employee of GMAC. The latter had made two sworn depositions in Maine and Florida that he had not properly read thousands of affidavits [...]
At the beginning of October Ally Financial, JP Morgan Chase and Bank of America suspended foreclosures in some states. During that time, there was much uncertainty about what would happen to cheap homes in Houston Texas and other properties. Of course, this situation didn’t change investors’ attitudes towards buying one of these home foreclosures for [...]
Since the foreclosure documents scam, the banks have been slipping into deeper trouble every day. The investors have filed lawsuits and they are putting pressure on the banks to buy back the mortgage-backed securities. They bought the securities at the time of the real estate market bubble and now when the mortgages have gone bad [...]
