Nick Adama

Different Types of Mortgage Modification Scams

One of the kinds of scams that the government is trying to crack down on is foreclosure consultants offering false loan modification services to homeowners facing the loss of their property . While the government is providing its own modification programs... Read >

How to Get Started on Qualifying for the Loan Modification Programs

Loan modification may be just what many borrowers are looking for. A lot of borrowers are behind on their mortgage payments. Some may only be behind 30 days. But 30 days can become 60 days or 90 days very rapidly. And then the mortgage company starts ... Read >

Some Options for Fighting Foreclosure

In the past couple of years, a lot of homeowners have found themselves in need of some mortgage help. With high rates of unemployment and decreased wages, more people are finding making their payments harder every month. Priorities have to be set and the ... Read >

Why Consider a Mortgage Modification to Stop Foreclosure of a Property?

Did you know that many banks are making efforts towards mortgage modification for some borrowers that are experiencing troubles? Mortgage modification is a term used when a bank changes the terms of a loan in order to help the borrowers make their payment... Read >

Using Debt Settlement with a Loan Modification

As credit card companies continue to increase rates and violate their customers, debt settlement or debt management is becoming more popular. Debt settlement is the procedure of eliminating a percentage of the debt and establishing a repayment plan that w... Read >

New Federal Foreclosure Legislation Affecting Tenants Renting Homes

In this time of economic difficulty, many new laws are being enforced} to help people get out of debt and stop foreclosure. Such laws are coming into use in the national landscape as well being localized on state levels. What the new federal foreclosure l... Read >

Some Reasons Why the Government Bailout Programs Have Been Disappointments

The United States government is aware of the rising number of foreclosures in these worrisome economic times. Bailout plans have been put in place and it has been said that between 8 and 9 million residents have the possibility of qualifying for help to a... Read >

One Fact to Help You Save a Property From Foreclosure

A smart home owner can use a little known fact to their advantage when trying to avoid foreclosure by their bank. Did you know that it is less expensive for banks to keep you in your home than actually go through with a foreclosure? On average, it cost... Read >

Two Steps to Stop Foreclosure, and A Warning About Scams

If you are in the loss of your home now or far enough delinquent in your bills to worry about the possibility, getting foreclosure help needs to be your first objective. The worst thing you can do is avoid confronting your financial hardship. One of the b... Read >

Foreclosure a Type of Local Wealth Destruction

For mortgage companies pursuing a foreclosure, the costs can run exorbitantly high. Mortgage giant Freddie Mac has estimated that the average cost to a lender of foreclosing on a property is close to $60,000, with other estimates placing the total cost to... Read >

Fraud in a Mortgage as Defense Against Foreclosure

As a result of government intervention in the housing market, fraud has become rampant in the mortgage lending industry, and homeowners may be able to raise this issue when defending against a foreclosure lawsuit. Fraud is defined as an intentional decept... Read >

Violations of Licensing Laws a Defense to Foreclosure

When homeowners are sold a home or given a loan by unlicensed representatives, it may help their foreclosure lawsuit defense to raise these issues in court. Governments throughout the country have imposed so many requirements on any person attempting to d... Read >

Domestic Abuse and The Foreclosure Process

When there are other legal issues in addition to a foreclosure, the housing situation becomes even more complicated. Especially in situations of divorce, separation, or even domestic abuse, there is a greater tendency for families to be broken apart and t... Read >

Check Fraud - Forged Signatures, Indorsements, and Alterations

When it comes to identity theft, credit card numbers and bank account information stolen through electronic means is becoming more popular than the traditional check fraud schemes. It seems that there is a new press release every day indicating a corporat... Read >

The United States Consumer Banking and Payments System

Any person who uses money and banks is often woefully uninformed about the aspects of the banking and payment systems that exist in the country, as well as the regulations which govern those transactions. Especially in the case of servicing companies that... Read >