Loan Modifications and Short Sales: The Hidden Costs
Bankruptcy is often used as a method of foreclosure prevention, especially in Georgia where the foreclosure process is expedited compared to other states. However, over the last few years, more lenders have been willing to negotiate the terms of mortgage loans through loan modifications, in order to make it more affordable for the homeowners. In […]
Residential Foreclosure: When it May Make Sense to Just Walk Away
Recent news about housing has been positive, as foreclosures have decreased in comparison to recent years. There are many possible reasons for the reversal of the trend, and many individuals and entities that want to take credit. But this blog will address one of the most difficult questions facing a distressed homeowner in foreclosure – […]
FEDERAL GOVERNMENT ENACTS NEW PROTECTION FOR DISTRESSED HOMEOWNERS
Beginning October 1, 2012, there will be new protection for homeowners who are facing foreclosure. The change reflects an ongoing problem which has greatly affected Georgia homeowners, and prevented many of them from being able to prevent the foreclosure of their residences. Before addressing the change, a little background is in order. Georgia is […]
Beware of mortgage loan modification scams!
Click Here to Read More.
Relief Available for Distressed Homeowners
RELIEF AVAILABLE FOR SOME DISTRESSED HOMEOWNERS UNDER SETTLEMENT EXECUTED WITH UNITED STATES ATTORNEY GENERAL AND UNITED STATES TRUSTEE PROGRAM After years of investigation into abusive mortgage practices of certain lenders by the United States Attorney General and United States Trustee, a settlement agreement was reached which hopes to provide some relief to distressed homeowners. The […]