Over the last year and a half the Federal Deposit Insurance Corporation (FDIC) has taken a very proactive role in helping people save their homes from foreclosure. After they took over IndyMac Bank. a failed mortgage lender, last year they suggested the model for loan modifications from which the current Making Home Affordable Modification Program [...]
Did you see this article on YAHOO! NEWS the other day? The headline was Wells Fargo fires exec over Malibu house scandal The executive was a senior vice president who was responsible for their foreclosed commercial properties. They terminated her for violating their policies. They added that her conduct was not what they expected [...]
I don’t know if you picked up on it. It was really subtle. What am I talking about? One of Bank of America’s Recent Money And Main Street Commercials I was watching the late night news here in Chicago in early September. One of the commercials that came on was a Bank of America [...]
The Problem Many people who have fallen behind on their mortgages and are in the midst of the foreclosure process are unreachable. They do not respond to contact from their mortgage companies. One Solution Hire an outside company to make the contact for you. I just read an interesting article about one [...]
Most probably you have never heard of the Kondaur Capital Corp. I know I never did until I read an article about them recently. This is a company based in California. They buy non-performing mortgages from other companies. Non-performing mortgages are those where the people are no longer making their monthly payment on time and [...]
