loan modifications

Foreclosures

Will The Mortgage Foreclosure News Ever Get Better? Maybe. But Not Yet!

by Charles Feldman | December 22, 2009
Thumbnail image for Will The Mortgage Foreclosure News Ever Get Better? Maybe. But Not Yet!

No way to sugar coat this. The news on foreclosures is not good. A new government survey reveals that both foreclosures and delinquencies went up in the third quarter, despite government attempts to get banks and other lending institutions to modify loans for those in financial distress. The problems are many: For one thing, many [...]

7 comments Read the full article →
Commentary

Steer Clear of Loan Modification or Foreclosure Rescue Practices

by Rob K. Blake | November 22, 2008

I got an email a few days ago from the Colorado Department of Real Estate, the mortgage broker regulator, outling their new interpretation of “Loan Modification” as “mortgage brokerage”. I guess they are getting a lot of complaints from foreclosure victims who lost money to grifters posing as “Foreclosure Rescue Specialists” that promise a loan [...]

1 comment Read the full article →
Copyright © 2004-2012 BiggerPockets, Inc. All Rights Reserved.
BiggerPockets® is a registered trademark of BiggerPockets, Inc.