Homeowners’ Monthly Payments Could Soon Double or Triple

Homeowners’ Monthly Payments Could Soon Double or Triple

by on Jun 15, 2015 in Debt News

During the months and years to come, many American homeowners will experience a massive increase in their monthly bills. A recent study revealed that the repayment phase will soon begin for millions of borrowers with home equity lines of credit. For some homeowners, this means that HELOC payments will increase by two to four times….

Official Quits FDIC to Fight Illegal Foreclosures

Official Quits FDIC to Fight Illegal Foreclosures

by on Jun 8, 2015 in Debt Help, Debt News

Despite the opposition of huge banks and many judges, a former Federal Deposit Insurance Corporation official continues to fight mortgage fraud in court. Eric Mains’ legal battles pertain to stopping a lender from seizing his house, but they have the potential to prevent illegitimate foreclosures across the nation. He has even quit his job to…

Billionaires and Economists Warn Americans to Get Ready For Financial Collapse

Billionaires and Economists Warn Americans to Get Ready For Financial Collapse

by on May 27, 2015 in Debt News

For the American economy, 2015 didn’t start in a positive way. Residential construction and retail spending dropped significantly in the first quarter. The value of the U.S. dollar caused export revenue to fall as well, according to CNN Money. These trends harmed major corporations like Apple and Caterpillar. Some financial experts and businessmen believe that…

From Foreclosures to Free Homes

From Foreclosures to Free Homes

by on May 22, 2015 in Debt News

There’s some good news from the normally depressing world of mortgages and foreclosures. Homeowners in many states have begun to break free from predatory loans without losing their properties. How is this possible? Recent headlines from Florida reveal that courts can nullify foreclosures that exceed the statute of limitations and bar lenders from taking further…

Homeowners to Lenders: You Will Not Foreclose on Us!

Homeowners to Lenders: You Will Not Foreclose on Us!

by on Mar 27, 2015 in Debt News

Coast to coast, desperate homeowners have become so frustrated by months, even years of lenders’ backpedaling on their mortgage payment modification promises that they are sending a message loud and clear: Put your money where your mouth is! Since patience has gotten them nowhere, they’re taking their plight to someone with the power to make…

Major Bank Admits to Illegal Practices and Compensates Homeowners

Major Bank Admits to Illegal Practices and Compensates Homeowners

by on Mar 16, 2015 in Debt News, Debt Settlement

In early March 2015, JPMorgan-Chase agreed to a settlement with the Justice Department’s U.S. Trustee Program. It requires the bank to compensate thousands of homeowners, adopt new business practices and accept additional oversight. Chase also had to admit that it violated federal cease and desist orders that were issued in 2011. The financial institution confessed…

Bankers Use Fake Documents to Seize Homes; Borrowers Fight Back

Bankers Use Fake Documents to Seize Homes; Borrowers Fight Back

by on Feb 28, 2015 in Debt News

Last March, a New York lawyer revealed that Wells Fargo was using fabricated papers to initiate foreclosures and seize properties. Some homeowners are fighting back by filing lawsuits against the national bank. Although federal authorities have been slow to take action, several courts and city governments have begun to penalize Wells Fargo in various ways….

5 Things You Need to Consider Before Applying for a Loan Modification

5 Things You Need to Consider Before Applying for a Loan Modification

Falling behind your monthly mortgage because of unexpected financial setbacks, medical emergency, or loss in income is inevitable. Because of this, some homeowners turn into loan modification to avoid foreclosure. However, not all loan modifications are worth all the hassle you would go through. Especially with what’s happening in the finance industry – the big…