Unemployed new faces of mortgage defaults as depicted by one Ohio homeowner
Sharon Majors never cared to learn the stories behind the foreclosed homes she passed on her way home from work until she became one of them.
The 52-year-old Hamilton resident said she’d seen the headlines screaming “Foreclosure Crisis” and read about the programs created...
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Loan modification borrowers frustrated with loan servicers who repeatedly request paperwork
As the country teeters on the razor edge of some semblance of recovery, Market Watch reports that “roughly 8 million to 13 million foreclosures are expected over the next five years, according to the Congressional Oversight Panel for the $700 billion bank-bailout program.”
This makes...
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HAMP program is dragging out the foreclosure process according to Louis Amaya, chief operating officer of National Asset Direct Inc., a New York-based asset manager
In late 2008, banks dumped many of their foreclosed homes on the market, pushing prices down sharply in some areas. Around that time, though, banks began acquiring fewer homes through...
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Negotiating a loan modification using a mortgage audit is not as successful as some advocates may have you think
Mortgage audits, supporters contend, can help by uncovering mistakes or legal violations in loan documents, giving homeowners a bargaining chip in negotiations with lenders.
Yet many others with experience in the field say that in most...
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Republicans call HAMP a failure but offer few suggestions for improvement
The Obama administration’s loan modification program is a “failure” that is hurting more homeowners than it is helping, according to a report issued by Republicans on the House Oversight and Government Reform Committee.
Representatives Darrell Issa, R-Calif., and Jim Jordan, R-Ohio, claim the administration’s...
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I'm Gail Simmons with my husband Hank and our children.