Tag Archive | "foreclosure"
What to do if You Can’t Make Your Mortgage Payment
The Federal Trade Commission has some helpful tips if you feel like you’re on the verge of being unable to make the payments on your home: Know Your Mortgage Do you know what kind of mortgage you have? Do you know whether your payments are going to increase? If you can’t tell by reading the [...]
Continue reading...Walking Away From Your Mortgage
Wednesday, February 3, 2010
There has been a lot in the news lately about homeowners who are upside down and underwater on the mortgages and have decided to walk away from their homes and their mortgage. The question in the back of my mind is whether this is a walk down a yellow brick road, or a path to [...]
Continue reading...Mortgage Debt Relief Act – What You Need to Know
Monday, February 1, 2010
Besides losing your home, foreclosure can bring about other consequences. If the sale price your lender gets for your home, say $100,000, is less than what you owe, say $150,000, your lender could sue you for the deficiency amount of $50,000.00. If your lender decides not to sue you for that deficiency balance, you may not [...]
Continue reading...Avoid Foreclosure Rescue Scams
Wednesday, January 27, 2010
photo: http://www.flickr.com/photos/nickbastian/ / CC BY-ND 2.0
Continue reading...A Quick Guide to the Colorado Foreclosure Process
Tuesday, January 19, 2010
While Washington D.C. has tried to put measures in place to help homeowners stay in their homes, the fact of the matter is that the pace of foreclosures has not slowed down much, if at all. Homeowners should arm themselves with knowledge of the rules lenders must follow when they foreclose, and be on the [...]
Continue reading...Colorado Foreclosure Hotline for Struggling Homeowners
Saturday, January 9, 2010
The Colorado Foreclosure Hotline is an initiative designed to help homeowners avoid foreclosure. It is a partnership of various public and private agencies and businesses, including the Colorado Division of Housing and various lenders, all of whom are obviously motivated to keep people in their homes. According to their website, the primary goal of the Colorado [...]
Continue reading...Colorado Businessman Sentenced in Mortgage Scam
Wednesday, January 6, 2010
Marc Strodtman was sentenced yesterday in Weld County District Court in Greeley for his role in a mortgage scam. He got 31 years. Strodtman was convicted in November 2009 for 11 counts of felony theft, 11 counts of felony forgery and one count of racketeering under the Colorado Organized Crime Control Act. He was accused of [...]
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Friday, April 30, 2010
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