Mortgage Loan Modification?jinxies asked: We are currently in great standings with our mortgage and the bank which holds the note. Due to unforeseen circumstances, we’ve got a reduction in income. We have a HELOC with another bank and about 50K in consumer debt. We have been unsuccessful in obtaining a refi using an outside [...] I need some information on foreclosure prevention from Greentree Servicing?The Southern Oracle asked: My mother has applied for Social Security Disability. Naturally the process is taking longer than we anticipated and it is getting harder and harder for my sister and I to keep helping her stay afloat with families and finances of our own. So this company (which I’ve read horror stories about [...] How will the crisis among sub-prime borrowers affect the housing market and the overall economy?eliasulmonte asked: The American economy is driven first and foremost by consumer spending. Some think that this crisis will trickle down into the rest of the economy and snag businesses and people who have poor credit ratings and limit everyone’s ability to finance large purchases, thus hurting those who are selling those large purchases, thus… [...] Here is one for all you financial folks.Financing a foreclosure?Blitz asked: I am looking at purchasing a foreclosure. It is going to need about $50,000 worth of repairs. I was told I could get 100% financing on the home, but can I take out another loan for the repairs? What is the best way to do that? Are there pitfalls [...] |