A majority of the questions asked on this blog boil down to “what do I do now?” While there are several emergency situations where the suggested steps must be taken out of order, I thought I would post the most common answer I give to people who are angry and ready to fight.
Your situation is [...]
Bank of America Corp. said Monday it has provided mortgage relief through loan modifications for more than 600,000 homeowners since January 2008.
Mortgage – Bank of America – Business – Loan – Financial Services
Borrowers who “strategically default” and walk away from mortgages with the thinking they’re better off taking the risk aren’t abusing system. They’re using it the way it’s designed to be used.
Editor’s Note: They just WON’T get it. Of course they will need a bailout because prices must continue to go down. Just look at the Schiller index that removes inflation from the price of housing and compares it to median income. A child could see where this is going and Washington is covering its eyes [...]
Nearly one in three borrowers who applied for a mortgage last year was denied as lenders kept their standards tight as the mortgage crisis accelerated, the government reported.
