facing foreclosure
Fed Chairman Urges Banks to Reduce the Amounts Borrowers Owe
Federal Reserve Chairman Ben Bernanke publicly urged lenders yesterday to forgive a portion of the principal owed on loans. Bernanke insists the time has come for banks to consider this tactic if they want to prevent foreclosures.Â
5Mar2008 | iaff_staff | 4 comments | ContinuedTHIS IS THE WAY COUNTRYWIDE TREATS OUR MILITARY PERSONNEL!
A Homeowner trying to stop foreclosure with Countrywide – Patie Ann Ten yrs. ago, I purchased my 2nd house through Countrywide, because they were the “new home” lender and this was my 2nd new home. After 10 yrs. of on time payments, no lates and no bounced payments, we decided to re-finance. Well, Countrywide sent us [...]
21Feb2008 | Moe Bedard | 4 comments | ContinuedI’m distressed and scared about losing my home!
I am facing foreclosure – Homeowner Story After 33 years working for the same company, I ended up on permanent disability due to 4 heart attacks and a stroke. Refinanced my house in August 2004 in order to be able to handle payments and pay off some bills. Thought I was taking out a 30 [...]
18Feb2008 | Moe Bedard | 1 comment | ContinuedFacing Foreclosure With Chase
First let me thank Moe for this site, it is great! Where do I begin? In June of 05 we bought our second home. We did a 2/28 with a starting rate of 8.5. Not a great rate but it worked. Our payment was $2400 which quickly went up to $2650 because of taxes. All [...]
2Jan2008 | Moe Bedard | 10 comments | ContinuedHouse passes bills to help homeowners facing foreclosure in Michigan
From Crain’s Detroit Business; The state House on Tuesday passed a package of bills to offer new refinancing options to Michigan homeowners facing mortgage foreclosures. Democrat-sponsored House Bills 5443-5447 establish programs to allow some homeowners who have adjustable-rate mortgages or who have missed mortgage payments to refinance and secure lower-interest, fixed-rate loans through the Michigan [...]
5Dec2007 | admin | 0 comments | Continued
