Mortgage Lenders News

Man without Mortgage Loses Home in Foreclosure – The Big Picture

But seven months later, he was surprised to learn that Bank of America had foreclosed on the house, even though Grodensky did not have a mortgage. grodensky knew nothing about the foreclosure until July, when he learned that the title to his home had been transferred to a government-backed lender.

Joy said when the two mortgage companies merged, he was notified his mortgage would increase $1,000 per month and when [.] Mortgage company found guilty of illegal foreclosure, homeowner wins.

Mortgage-Title Fraud: A National Catastrophe

Inside, she discovered a flyer with a picture of her home and. Even without formal notification, however, she shouldn’t have been too surprised to learn she was at risk of foreclosure; after all,

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We spoke to some who handles foreclosures, evictions and lockouts.. You'll see a child's macaroni picture left next to the father's pile of porno mags. Banks are in the loan business, not the real estate business — they'd much. Holding a house without making money on it screws their books, and it all.

 · They generally service the loans of outside investors or lenders; in other words, loans where they don’t stand to lose if the mortgage goes into foreclosure. The big banks, which own 70 percent of the loan servicing market, are federally regulated so they are beyond the reach of the State’s new loan servicing law.

Kenneth Robinson has finally been kicked out of the $340000 home that he had lived. in foreclosure for over a year, and the mortgage company reportedly went out of. notion that someone can take another's property without paying for it.. Some of the great moral thinkers such as Thomas Aquinas, said.

How to Find and Buy a Foreclosed Home However, if the child wishes to keep a home with a mortgage, the child may be. The biggest of those debts is often the mortgage on the home the parent. lender can add an heir to the existing mortgage as a borrower without having. In that case, though, the bank may bill the estate for the amount it lost in the foreclosure.

The typical mortgage contract is known as a Deed of Trust, which gives the bank the right to foreclose on the home. However, many people do not know how the foreclosure process works and both banks as well as homeowners make major mistakes in the foreclosure process, which can lead to major issues. This was seen recently when the mortgage.