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Tag Archive | "Foreclosure"

Not So Fast On That Neighborhood Foreclosure Purchase

A Blight On The Community The last decade now has been an adventure in real estate to say the least. We went from the heady days of the real estate bubble, when it appeared that no investment could go bad, to the lows of the property crisis, when it seemed like half the houses in […]

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Avoiding Foreclosure When Money Is Tight

Avoiding foreclosure on your home, after a huge investment of your money and time, is the number one priority of the new homeowner. But you can’t have what you want just by dreaming, you need to continue to budget your spending according to what you can afford. You will need to carefully judge the affordability […]

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Loan Modification: Basics of Mortgage Modifications

Loan modification is a process that enables those in danger of foreclosure to modify or rearrange their mortgage. Fundamentally, the purpose of mortgage modifications is to enable homeowners with payment difficulties to keep current with their repayments and retain ownership of their homes. There have been problems with these in the past, and many lenders […]

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Countrywide CEO Mozilo Calls Homeowner Disgusting? Not so fast.

Dan Bailey is a homeowner facing foreclosure. He emailed a letter to 20 Countrywide employees in hopes of arranging a a deal that would prevent foreclosure of his home. In response, he was accidentally sent an email purportedly from none other then Countrywide CEO, Angelo Mozilo. The email reads: This is unbelievable. Most of these […]

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