by mendezlaw | Oct 21, 2020 | Loan Modification, Uncategorized
More than 6M households missed their rent or mortgage payment in September Jessica Menton USA TODAY Persistent layoffs are slowing momentum in the labor market, which bodes poorly for the broader U.S. recovery as millions of out-of-work Americans delay their mortgage...
by mendezlaw | Oct 13, 2020 | Loan Modification, Uncategorized
Can’t refinance your mortgage because of bad credit or missed mortgage payments? A loan modification is the secret way that any homeowner, regardless of their credit can “refinance” their mortgage. Lower you mortgage payment, get a better interest...
by mendezlaw | Oct 9, 2020 | Foreclosure
How do you find a foreclosure property? You can get fantastic deals if you know how to buy them. When purchasing a foreclosure or bank-owned property, it is imperative you understand if the property is subject to the title or lien theory of mortgages. Each theory has...
by mendezlaw | Sep 28, 2020 | Uncategorized
Freddie Mac reported that the Single-Family serious delinquency rate in August was 3.17%, up from 3.12% in July. Freddie’s rate is up from 0.61% in August 2019, and no one know how these defaults will end. This is the highest serious delinquency rate since...
by mendezlaw | Sep 21, 2020 | Uncategorized
Forbearance protected millions of people from the loss of their homes even if they couldn’t make monthly payments. Now, for the first time, we’re beginning to see cracks in the system. Looming ahead are several major concerns. How will the homeowner repay “skipped”...