Tag Archives for " Charlotte Foreclosures "

Don’t Fall Victim to a Mortgage Relief Scam

Have you thought about looking for an “”easy-fix” for mortgage problems you are experiencing? Don’t sign up for just any program. Due to an increasing amount of scams that take advantage of homeowners, the Federal Trade Commissio FTC has issued regulations protecting consumers against relief fraud. Everyone could benefit from learning about these regulations and […]

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Only 14% of newly delinquent Bank of America mortgages qualify for HAMP (Housing Wire)

In an article by Jon Prior published in HousingWire yesterday, of 100 Bank of America mortgages that have reached 60 day delinquency sampled, only 14% qualified for the HAMP program. The following is an excerpt from this article. “The Home Affordable Modification Program came under fire at the end of February from lawmakers claiming it has caused […]

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Research Firm Says U.S. Housing Has Never Been This Undervalued (DSNews)

The research firm, Capital Economics, has found that housing has never been this undervalued, according to an article by Carrie Bay published in DSNews. The following is an excerpt from the article. “The continuing depreciation of residential property values at the end of last year has made housing look more undervalued relative to income than ever […]

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February 8, 2011

Bank of America Stops Offering Reverse Mortgages

 According to an article by Christina Rexrode for the Charlotte Observer published this morning, Bank of America will no longer be offering reverse mortgages. This controversial option has been seen as something that was marketed toward the elderly as a way to make quick cash. The only borrowers able to take advantage of a reverse mortgage have to be […]

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