Fixed-rate Vs. Variable-rate: What’s the Best Deal?
Many loans come in both fixed-rate and variable-rate versions. Making the right choice can save you a ton of interest.
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Jacob Inwald
ByadminJacob Inwald of Legal Services NYC writes: Important changes governing pre-foreclosure notices and settlement conferences for reverse mortgages were signed into law on April 20, 2017, requiring 90-day pre-foreclosure notices in all reverse mortgage foreclosures and requiring settlement conferences in many reverse mortgage cases. Foreclosure News
Five Benefits Of Trump’s Economic Policies
ByadminWith the man behind The Art of the Deal in the Oval Office, it's no surprise that the economy is booming. Banks are gearing up for increased lending with the expectation that Dodd-Frank will be rolled back and student lending restrictions reduced. Foreclosure News
FHA condo loans slipped under Obama. Trump’s HUD eyes a comeback
ByadminThe mortgage and real estate industries are hopeful that the Federal Housing Administration is moving more aggressively to revive its condominium loan program. The program's scope was reduced during the Obama administration after the FHA had imposed restrictions on condo loan approvals due to crisis-era losses. Foreclosure News
THDA: Local Foreclosures Dropping But Still High
ByadminThough the number of Shelby County homes in foreclosure has dropped by more than half since the end of 2014, the county still has Tennessee's highest delinquency rate for home loan payments and is tied for the highest foreclosure rate, according to new research from the Tennessee Housing Development Agency. The report, which analyzed data…
Does the Word ‘Will’ Clearly Accelerate a NY Mortgage Debt?
ByadminMortgage servicers and other financial institutions have been battling the issue of what affirmative act “clearly and unequivocally” accelerates a mortgage debt for years. Currently, there is a split in authority between the First and Second Departments of the New York Supreme Court Appellate Division regarding whether a notice of default using the words “will…
New Pennsylvania Anti-Blight Law Should Speed Up Foreclosure Process
ByadminGov. Tom Wolf signed the Vacant and Abandoned Real Estate Foreclosure Act last week, aimed at tackling the eyesore of blighted properties . It is in conjunction with another bill he signed last week allowing redevelopment authorities more power to remove blighted properties. Foreclosure News