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Tag: lender

American Chopper — Foreclosure Vs. No Foreclosure
By November 7, 2011 Read More →

American Chopper — Foreclosure Vs. No Foreclosure

So which is it: Was the Orange County Chopper world headquarters foreclosed or not? The answer as derived from the American Chopper TV show and public information is very simple: Both. Let’s start with foreclosure. It’s plain that a foreclosure action was initiated by the lender, the GE Commercial Finance Business Property Corp. The matter […]

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American Chopper — Family Values, Family Conflict

American Chopper — Family Values, Family Conflict

In the usual scheme of things a foreclosure is a pretty big deal, but on the American Chopper TV series it’s not much more than a distraction. Instead of mortgages, the bigger issue is family dynamics — in this case a father and sons with a lot of visible and verbal collisions, inter-personal disputes which […]

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American Chopper: Why Foreclosure Had To Happen
By September 13, 2011 14 Comments Read More →

American Chopper: Why Foreclosure Had To Happen

Like millions of property owners, Orange County Choppers has felt the sting of foreclosure and could be moving to smaller quarters. It’s a “business decision” says the senior Paul Teutel, speaking on the downsizing episode of the American Chopper TV series. You could see this coming for much of the past year. In November 2010, […]

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American Chopper Is Back With Settlement & Foreclosure

American Chopper Is Back With Settlement & Foreclosure

After months of waiting, arguing and bidding, after big disputes regarding who had the better bike and how would a war between father and son work out, American Chopper is back and with it confirmation that Pauls Senior and Junior have reached a settlement after two years of legal wrangling. This is good news in […]

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How The FHA Is Sinking Mortgage Borrowers

How The FHA Is Sinking Mortgage Borrowers

Millions of people have financed and refinanced with FHA mortgages, but what used to be a financial safe-haven is increasingly not-so-attractive. Higher costs and gotcha clauses are making the FHA less unique and more expensive every day. Don’t believe it? Let’s look at some facts: Lender Fees With most forms of mortgage financing lenders have […]

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New HUD Rule Goes After Fake Mortgage Loan Letters

New HUD Rule Goes After Fake Mortgage Loan Letters

Did you ever wonder why you get so many letters and emails from lenders who offer low mortgage quotes and seem to be affiliated with the FHA or HUD? The answer, very simply, is that you ought to wonder. Why? Lenders are not supposed to imply or infer any endorsement from the federal government. In […]

Posted in: Mortgages
Can I Get A Foreclosure Mortgage?

Can I Get A Foreclosure Mortgage?

If you’re interested in buying foreclosed real estate there are mortgages out there for you. In fact, a possible source of a foreclosure mortgage is the very lender selling the foreclosed property. In terms of financing, real estate is real estate. The fact that it’s a foreclosure, distressed property or home for sale under normal […]

Posted in: Foreclosures
8 million consumers drop credit cards, improve mortgage standing

8 million consumers drop credit cards, improve mortgage standing

More than eight million consumers stopped using credit cards during the past year, a trend which will help people qualify more easily for real estate mortgages and reduce monthly living costs. A new study by TransUnion shows that the use of bank-issued, general purpose credit cards has fallen significantly during the past year. “This deleveraging,” […]

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New Mortgage Loan Protections Outlined in Wall Street Reform

New Mortgage Loan Protections Outlined in Wall Street Reform

The House Financial Services Committee has released a summary of the major changes included in the Wall Street Reform and Consumer Protection Act. These are items which have been accepted by a conference committee of the House and Senate. If the conference report is passed by both houses, the measure will then go to the […]

Posted in: Mortgages
FTC Seeks Halt To Mortgage & Foreclosure Relief Programs

FTC Seeks Halt To Mortgage & Foreclosure Relief Programs

The federal government is seeking to shut down more than a dozen firms which supply mortgage modification or foreclosure relief services. According to the Federal Trade Commission, the government has sought to ban more than a dozen marketers from selling mortgage relief and foreclosure relief services, in one instance seeking $11.4 million for contempt. The […]

Posted in: Foreclosures