All Posts Tagged With: "bank"
Who Pays Foreclosure Property Taxes?
When you purchase a foreclosed property, are you responsible for back taxes? The general answer largely depends on when you buy the property. “If the property was foreclosed and possessed by the bank, the bank will have to pay the back taxes to sell the property with clear title,” says RealtyTrac spokesman Daren Blomquist. “However, [...]
8Nov2011 | Peter G. Miller | 0 comments | Continued
The Fake “Run” on Banks
Oh no, someone is proposing a “run” on the banks! Hide the children and womenfolk, or at least do what banks do and lose the mortgage note. “Incredible,” headlines the Washington Times, “Dick Durbin urges run on Bank of America.” “UNPRECEDENTED,” echoes Fox News. “Dick Durbin Tells Citizens ‘Get The Heck Out’ of Bank of [...]
12Oct2011 | Peter G. Miller | 0 comments | Continued
Citi Rolls Out Mortgage Relief Program for Disabled Veterans
Disabled veterans with Citi-owned mortgages may be able to tap into a special relief program recently announced by the financial giant. The program cuts interest rates for eligible service members and waives late fees and other past due amounts. The 2.5 percent rate reduction covers a two-year window. Service members are required to provide documentation [...]
31May2011 | Chris Birk | 0 comments | Continued
When To Tell Your Mortgage Lender To Take A Hike
If you’ve been getting strange calls from your mortgage lender demanding payment, don’t be so quick to reach for your checkbook — such calls could be nothing but efforts to get money before it’s due. Or they could be outright frauds, a form of identity theft. Let me explain: I have a mortgage which is [...]
16Apr2010 | Peter G. Miller | 0 comments | Continued
Mortgage Paid? How Do I Know?
It would be nice to report that every mortgage payment is promptly received and correctly processed. However, it follows that in a country with some 45 million first mortgages that there are millions of opportunities to screw up and that sometimes loan payments made in good faith are not properly handled. What can you do? [...]
9Mar2010 | Peter G. Miller | 0 comments | Continued
Mortgages, Foreclosures & The Disgrace of Journalism
It was long ago when I received a degree in journalism. I wanted to study journalism because it gave me an opportunity to travel and to meet interesting people. I have been a correspondent on Capitol Hill and at the White House, I have lived on an offshore drilling rig in pursuit of a story, [...]
14Mar2009 | Peter G. Miller | 0 comments | Continued
Can I Buy A House With Mattress Money?
Mattress money — cash not deposited in banks and other repositories — has long bothered lenders. They wonder where the money comes from, and if it was obtained illegally. Traditionally, lenders have refused to accept mattress money from home buyers. However, Freddie Mac has said that in some cases it would allow buyers to use [...]
30Aug2008 | Peter G. Miller | 0 comments | Continued
What’s A “Coffee” Mortgage – And Why Do I Want One?
Mortgages generally fall into two camps: Those with fixed rates and those with adjustable rates. Adjustable-rate mortgages (ARMs) typically have an interest rate which is based on two factors. First, there’s a “margin” which does not vary during the term of the loan. Second, there’s an “index” which changes as often as the loan allows, [...]
22Aug2008 | Peter G. Miller | 0 comments | Continued
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