October 10, 2009
Pennslyvania woman fending off foreclosure after being duped by mortgage company ...
Avoiding Foreclosure
Of the 72,000,000 homeowners in America, reports indicate that 8500 homes are lost to foreclosure every day.
Good Faith Effort Falls Short
Obama’s Making Home Affordable program attempts to address the crisis; offering assistance to possibly 7 to 9 million homeowners.
What do you need to do
You will want to do is locate your mortgage file. Locate your Truth-In-Lending [TIL]; HUD Agreement and related documents to start.
"A man who represents himself has a fool for a client."
~Abraham Lincoln
The first thing to remember is that this is an adversarial matter. The lender is the one stands to benefit in the event you lose your home. So, it is important to understand that the bank is not really your friend. Asking them for help and advice is akin to a criminal defendant asking the prosecutor how to prepare his defense. Moreover, if you were being sued for an amount equal to the value of your home, would you fight the attorneys suing you by yourself or would you retain an attorney? The gravity of avoiding foreclosure is no less important.
October 10, 2009
This may be the next sub-prime disaster affecting homeowners over age 62 ...
This may be the next sub-prime disaster affecting homeowners over age 62 ...