True or false? If your lender loses the original note on your loan, it can’t foreclose. The answer is: FALSE! That’s a myth, most of the time.
For the lender the note is the most important paper you sign at a real estate closing. Why? Because, if you don’t make your mortgage payments, the lender can’t foreclose without it. What? Didn’t I just say that’s a myth? Yea, I did, but let me explain.. Continue reading →
One of the biggest mistakes you can make after getting served with foreclosure papers is to do nothing, figuring you’ll “just let the house go.” Not only will you lose your home, but the bank will probably get a deficiency judgment against you; that is, a judgment awarding the bank money for the difference between what you owe on the loan, and what the house sells for after foreclosure. Since you probably owe a lot more than your house is worth, Continue reading →
As an attorney whose area of practice often involves the threat of loan default or foreclosure, I typically meet many clients after they are already in the process of losing their home.
Sometimes they can barely afford my services on top of all their other debt, but.. they can’t afford not to hire me. Until now, that is.. I knew there had to be a better solution, and this is it.
If you can’t afford your current mortgage payment, or you’ve fallen behind on your loan, I urge you to do one of two things: Either make an appointment to see me, and pay me hourly to fill out and file all the necessary forms to modify your loan, or.. Continue reading →
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US financial crisis panel to call Greenspan, Cox - Reuters
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GMAC to receive 3d infusion of funds | Philadelphia Inquirer | 12/31/2009 - Philadelphia Inquirer
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