John’s Tips

Taking tips to the next level.

Entries Tagged ‘Foreclosure Information’

Foreclosure Tips: Avoid the scams

Found a great article on the types of scams that are targeting people facing foreclosure.
The most serious involve signing over your title either by being tricked into thinking you are signing something else or falling for a deal where you sell your house and rent it back from them.
The other scam is where they charge [...]

Foreclosure Survival Guide from Amazon

Amazon has a good price on a book by Stephan Elias.

The reviews are pretty positive.

Wells Fargo extends Foreclosure help to Wachovia Customers

Forbes reports that Wells Fargo is extending their mortgage modification programs to customers of Wachovia.
If you have your mortgage through Wachovia, you should have an extention to the end of February on any foreclosure activities.
Read the full story here.

How US Bank restructures instead of Foreclosure

US Bank reports that the increase in their restructuring activity has been in 2 areas:

Rate Resets.  These allow people to keep their same rate if they were up for a rate change.
An FDIC program based on verified income that allows you to extend the term to 40 years and reduce the interest rate down to [...]