FOCUS: Short Sale Fraud (via http://mortgagespectator.com)
A number of people in an attempt to get out from under a crushing mortgage have resorted to short sales in an effort to move on with their lives. What is a Short Sale? A short sale occurs when the house owner is in danger of forfeiting on the mortgage and is allowed to sell the house for less than…
Countrywide: It’s Baaack (via http://mortgagespectator.com)
The Federal Reserve’s recent decision to buy mortgage bonds until the economy recovers has made home lending more attractive than it has been in years. The spread between what it costs to fund a mortgage loan and what borrowers actually pay is nearly three times as large as usual. So it’s perhaps…
How to handle your mortgage during and after a divorce (via http://www.eLawsuit.com)
Unfortunately, close to 40 percent of all current marriages end in divorce. The process can be emotionally draining. But there are also financial effects, such as the mortgage you used to buy your dream home. Set your emotions aside When going through a divorce, it can be very difficult to keep your…
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