All Posts Tagged With: "default"
Foreclosures Show First Annual Decline Since ‘05
For the first time since 2005 foreclosure levels have declined on an annual basis. The latest figures for April show that foreclosure activity — default notices, bank repossessions and foreclosure auctions — dropped 9 percent when compared with March, according to RealtyTrac. More importantly, the 333,837 foreclosure filings in April were down 2 percent from [...]
13May2010 | Peter G. Miller | 0 comments | Continued
How To Get A Successful Loan Modification (With Obama Update)
Is it possible to get a mortgage modification without being foreclosed or behind on your payments? For an increasing number of borrowers the answer is “yes” because recent changes in the mortgage industry now make loan modifications more likely than at any point since the financial meltdown began.
For much of human history mortgage lenders have [...]
What Are The Three Basic Forms of Foreclosure Notices?
In general terms there are three forms of foreclosure notices:
A Notice of Default — a public notice that loan payments have been missed.
A Lis Penden — notice of a suit against a property owner.
A Notice of Sale — essentially an announcement giving the time and date of a planned foreclosure sale.
If you receive [...]
1Sep2008 | Peter G. Miller | 0 comments | Continued
How Quickly Must I Apply For A Mortgage?
Many sale agreements require buyers to apply for a mortgage within a specific time period, say 7 to 10 calendar days after the contract is signed. This is a negotiable item, however, and can be any period agreeable to both parties.
This is an important matter because if an application is not made, then a buyer [...]
© Copyright 