A Scam Alert from the FTC: Mass Joinder Lawsuits: A New Twist on Foreclosure Rescue Scams

FTC Alert

A new scam is targeting financially strapped homeowners across the country. So-called specialized law firms are sending invitations to homeowners, urging them to participate in "mass joinder" lawsuits against their mortgage lenders as a way to get favorable loan modifications and stop foreclosure. The Federal Trade Commission (FTC), the nation's … [Read more...]

Why The Banks Are Making Money on Short Sales

Money

If you are in financial distress and are thinking of short selling your home it is possible your bank will offer you an incentive to cooperate with them.  These amounts can range from $3000 to $30,000 and in one case I heard of $40,000.  Yes, you are seeing that right.  If you wonder why the banks would do this and where the money flows from … [Read more...]

The Foreclosure Process for Sellers

Foreclosure

A video overview of the foreclosure process - what happens after you stop making payments. Each state is different and each bank may be slightly different but this gives you an idea of what to expect. If you need some advice or support please call.  I am a Certified Distressed Property Expert (CDPE) and can help.  My cell is 504-908-2268 … [Read more...]

Behind on Your Mortgage?

short sales

If you are behind on your mortgage payments for each month that you wait to get help, talk to your bank or a credit counselor the more that it will cost you.  It is not just the payments you have missed but all kinds of fees the banks will attach to your loan.  If you stop paying your mortgage that might mean that your property taxes need to be … [Read more...]

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