Second mortgage lenders have a distinct disadvantage in the face of default. If you don't make your second mortgage payments, the second lienholder must wait to see how much money the first lienholder gets before the second lienholder receives anything.
The 30-year fixed-rate mortgage and the 15-year fixed-rate mortgage both fell three basis points, and the 5/1 ARM dropped one basis point, according to a NerdWallet survey of daily mortgage rates published by national lenders Tuesday. It was the second day in a row that mortgage rates fell across the board. Foreclosure News
A row of dilapidated houses at Crane and Charlevoix on Detroit's east side. Eleven houses on this block have been foreclosed since 2002. Foreclosure News
Have you been chipped yet? A Wisconsin company is holding a “chip party” to implant chips into its employees so they can buy snacks with a wave of the hand. Is having your complete credit information on it far behind? In technology more specific to mortgages, AFR Wholesale announced a partnership with Amazon to integrate…
The answer is “Yes.” You don't have to lose your home in bankruptcy. I've done loans for many clients who kept their homes through bankruptcy. Foreclosure News
TRENTON — Victims of Hurricane Sandy who are still struggling to pay the mortgages on their damaged homes can now request delaying payments for up to three years. The state Department of Community Affairs is accepting applications for a mortgage forbearance program that would allow certain homeowners affected by Sandy to suspend mortgage payments and…
