Archive for the 'home foreclosures' Category

Home Foreclosures and Deficiencies

Friday, May 21st, 2010

In a recent article on CNNMoney.com, they discussed the irony of losing your home in to foreclosure and then owing money to the bank for the deficiency.  Many homeowners choose a short sale over a foreclosure or loan modification.  Borrowers like the loan modification option when they want to keep the house.  If they do [...]

Mortgage Lenders Required to Maintain Home Foreclosures

Thursday, February 4th, 2010

Banks are now required to extend a lot more than a loan modifications. As a result of the federal Protecting Tenants in Foreclosure Act, states across the country are passing similar legislation that makes home lenders obligated to maintain home foreclosures from the time of the judgment of foreclosure through the closing of the sale. [...]