Breathe deep. Relax. A first missed mortgage payment is not the end of the world, but you will want to immediately contact your lender and an FHA home counselor if you are worried that the situation may become worse. Just like every other loan, FHA home loans have rules for delinquent payments and foreclosures. Typically, […]

I’ve been waiting for this one to come. Last week the Attorney General for New York, Eric Schneiderman, finally sued Bank of America, J.P. Morgan Chase and Wells Fargo basically for fraud in the foreclosure mess from both 2010 and last year where many people were being foreclosed upon without the proper documentation or even […]

Last year there were more bank closures than there were in 2009, which was a horrible year. The last time I talked about bank closures, which was around the middle of February, there were 18 closures, and by the end of the month there were 23 for the first two months of the year. Since […]

Foreclosures are still hot and heavy, although they’ve started to slow down in some areas that have been hard hit. The reason they’ve slowed is because at some point there could only be so many homes left that could be foreclosed upon; it’s certainly not that the economy has improved all that much. The strange […]

For the first time in 18 months, foreclosures actually slowed down, giving the housing industry a little bit of relief. But only a little bit of relief because it’s definitely only temporary. What caused the reduction? Two main things occurred. One, the federal government and state attorney generals started investigations into “robo-signing” of all those […]

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