Category Archives: Mortgages

Should I Stop Paying My Mortgage?

The short answer here is NO! It is our policy that you should always make your mortgage payments.  Failing to pay your mortgage is the fastest and most direct route to financial ruin, bad credit and the inability to buy another home when times ...

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The Loan Modification Process: Why Doesn't It Work?

With so much information and mis-information out there, I thought that I would take the time to explain the loan modification process in-depth. There are so many steps to getting approved for a loan modification and any misstep in the process can result ...

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Loan Modification Problems

The general idea behind Loan Modifications as put forth by President Obama was noble and much needed however the implementation of the idea is riddled with holes, hurdles, and hazards. Problem 1 The Making Homes Affordable Act  and the Guidelines set forth by ...

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Foreclosure: The Bank Must Prove They Own The Note

The Court System is finally standing up for the little guy! Recently, the Southern District of New York ruled in favor of a borrower who was being foreclosed upon by their mortgage bank because the bank could not prove they owned the mortgage. History Years ...

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How Long Does A Loan Modification Take?

This is the second most common question I am asked every day (the first one being: Do I Need To Hire An Attorney To Do A Loan Modification?). A loan modification USUALLY takes between 60 and 90 days. Usually. The banks have been known to take less time and sometimes they take as much as ...

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