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13 Jul 2010, 3:33 pm by On behalf of Bankruptcy Legal Group
When they face too many roadblocks to debt negotiation with their banks despite government programs like the Home Affordable Modification Program (HAMP), however, they often find that Chapter 13 is a way to keep their homes while ditching unaffordable second mortgage liens. [read post]
4 Nov 2014, 9:10 pm by Allison Tussey
Fannie Mae and Freddie Mac are government-sponsored enterprises with a mission to provide liquidity, stability, and affordability to the U.S. housing market. [read post]
11 Apr 2012, 8:57 am by Questions
Both my parents and I signed for the mortgage and all three names are on the deed. [read post]
7 Jan 2009, 3:33 pm
  They will argue that your missed payments reflect your inability to afford your mortgage and that bankruptcy protection ought to be lifted so that the mortgage lender can foreclose. [read post]
4 Jul 2011, 11:30 pm
Mortgage Principal Reductions The Home Affordable Modification Program, created by the U.S. [read post]
4 Dec 2014, 1:25 pm by James H. Wilson, Jr.
  The court then recognized the public policy reasons behind the nondischargeable domestic support obligations, and the different treatment afforded post-divorce obligations under 11 U.S.C. [read post]
21 Mar 2008, 9:28 am
Now, as more and more Americans are retiring and sitting on large pools of home equity, they are beginning to use reverse mortgages as a way to finance a more extravagant retirement lifestyle than they could otherwise afford. [read post]
9 Apr 2010, 1:07 pm by On behalf of Bankruptcy Legal Group
B of A's pledge is voluntary -- probably not much different from an agreement to participate in the Home Affordable Modification Program (HAMP) or Home Affordable Refinance Program (HARP). [read post]
24 Jul 2008, 4:20 pm
This measure could help as many as 400,000 homeowners at risk of losing their homes to foreclosure due to adjustable-rate mortgages they can no longer afford. --2) Provide for a future bail out (if needed) of Freddie Mac and Fannie Mae (who together guarantee about 80 percent of new mortgages) by raising the national debt limit by $800 billion in the event our government needs to rescue these hemorrhaging companies.--3) Provide approximately $15 billion in housing-related… [read post]
29 Jun 2010, 6:00 am by Lucas A. Ferrara, Esq.
"Many of these companies take money from homeowners who cannot afford to pay it and make a bad situation worse. [read post]
30 Mar 2015, 8:17 am by Allison Tussey
Herbert outright swindled 247 struggling homeowners out of more than $470,000 with false claims that he was affiliated with federal housing aid programs, including HAMP, and could modify homeowners’ mortgage loans in order to make their payments more affordable. [read post]
23 Mar 2011, 8:45 am
Unfortunately for the bulk of us who can't afford to pay cash for a home, finding the "right" mortgage financing is almost as important as finding the "perfect" home. [read post]
24 Jan 2020, 9:58 am by Reid F. Herlihy
The term includes a Person who makes or holds a mortgage loan if such Person also directly or indirectly is the holder of the mortgage servicing rights or has been delegated servicing functions for the Mortgage Loan. [read post]
12 Aug 2010, 3:22 am
But now, with unemployment still high, and home values down, more homeowners are pursuing short sales when they can't afford their mortgage. [read post]
6 Dec 2010, 1:48 pm
GMAC Mortgage, LLC, (First District, August 11, 2010) 187 Cal.App.4th 429, 113 Cal.Rptr.3d 790, 10 Cal. [read post]
15 May 2024, 12:00 am
In this situation, some borrowers may consider a "strategic default" - intentionally stopping mortgage payments even if they can afford them. [read post]
15 Apr 2009, 8:12 am
Those conclusions may seem obvious from the outside -- after all, reducing payments makes them easier to afford. [read post]
5 May 2011, 3:51 pm
As Ontario foreclosure defense lawyers, we were already interested to see a federal lawsuit accusing German banking giant Deutsche Bank of lying to the federal government about the soundness of its mortgage lending practices. [read post]
8 Jan 2018, 4:53 pm by Richard Symmes
If you have become delinquent on your home mortgage you are probably searching for options for how you can avoid foreclosure, get approved for a loan modification and make your mortgage payments more affordable to keep your home. [read post]