They’re still here – companies wanting to take advantage of people looking to modify their mortgage and/or may be facing foreclosure.  While speaking to my friend in the mortgage industry last week, I realized that we haven’t addressed this topic in a while.  And it’s an important topic.
WHAT IT IS
Companies that advertise “Stop Foreclosure Now”, [...]

In August, we wrote an article about Arizona SB1271, a new law potentially having a negative impact on Arizona homeowners facing foreclosure.
On September 4, 2009, SB 1271 was repealed with the Governor’s signing of House Bill 2008.  This returns the Arizona anti-deficiency statute to where it was before, and Arizona property owners, including those with second homes and investment [...]

We recently had a question from someone considering a short sale for their house.   This person is not eligible for a loan modification and their lender recommended a short sale.  When they put the house on the market, they are considering making just partial payments while they try to sell it.
The question is: DOES MAKING A [...]

Yeah!  You found a house you want to purchase and your credit scores met the mortgage company’s requirements.  When you are in the home buying process and have started the paperwork with your lender, you need to at least keep your credit rating where it was when you qualified for the loan.  These recommendations, compiled [...]

The Arizona legislature has passed a bill, SB 1271, signed into law by Governor Brewer on July 10th, that is scheduled to take effect September 30, 2009. 
This bill was intended to protect small community banks from consumers buying speculative new homes that now cannot be sold for a profit.  However, it could have an impact on [...]

We wrote about the affects of loan modifications and credit scores on May 18th; you can read the full article here.  As the government programs continue to progress and more consumers try to use them, additional information and some results are coming forth.
On July 17, 2009, Alexis Leondis with Bloomberg.com wrote an article about a [...]