A growing tactic in fighting foreclosure is the “produce the note” strategy which simply requires the lender to prove they have the right to foreclose by producing the actual mortgage note the borrower signed at closing. One Denver couple I read about here in Colorado hired an attorney who used this tactic with success. The [...]

The Obama Housing Plan (known as ‘Homeowner Affordability and Stability Plan’ or ‘HASP’) is simply “more of the same” when it comes to helping those who President Obama admitted in his speech are responsible for over half of all foreclosures: the subprime mortgage borrower. The subprime mortgage borrowers are the ones who actually need help, [...]

Lowermybills.com owned by Experian InteractiveSM is another mortgage lead generation website which has hundreds of mortgage providers waiting to help you with your next mortgage. We uncovered two phone numbers, their website, and a link for customer complaints. Lowermybills.com Website and Phone Contacts Website: www.lowermybills.com Phone: (800) 648-5049 (310) 998-6900 Fax: (310) 496-3016 Address: 6701 [...]

The Truth-in-Lending disclosure document is Federally mandated mortgage disclosure which must be delivered to the borrower by law within 3 days of the loan application. Truth-in-Lending Disclosure Truth-in-Lending Disclosure contains a number of key terms of the loan applied for including the APR (Annual Percentage Rate), the note rate, discount fees, and other costs that [...]

The housing recovery plan we were all waiting to hear about from Treasury Secretary, Tim Geithner, in his first big address to the American people this week was kicked down the road by Mr. Geithner barely mentioning the foreclosure assistance measures. Housing Recovery Stalled The responsibility to inform us of some of the details on [...]

I have written extensively here on FICO scores and how to improve one’s credit rating to be competive when it comes to getting a mortgage or other types of loans. I have been meaning to get to a service which purports to issue all of a clients credit scores instantly online….the MyFico Credit Service. So [...]

Yesterday the Senate added a housing tax credit to the President’s recovery bill that gives home buyers a 10% of purchase price tax credit up to a maximum of $15,000, ostensibly to support the housing and mortgage markets. I see this $19 Billion dollar addition to Obama’s Bill as more “quid pro quo” for the [...]

The FHFA’s Foreclosure Prevention Report for November came out today and paints a rosy picture of GSE loan modification and other “foreclosure prevention” efforts given to those in default on a GSE insured mortgage. Could it be that GSE insured loans and the borrowers on them, get better, more favorable treatment by the servicers than [...]

I have predicted all along, that the media would not report the housing “doom and gloom” early enough to safe guard home owners. I was right. I now predict the media will NOT report the economic and housing recovery data as it occurs either. I am right again. Economic Recovery and Housing Recovery Already Underway [...]