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Principal Mortgage Balance Reductions | Underwater Owners Being Bailed Out

July 4, 2011

Breaking News: Major Lenders selectively reducing principal mortgage balances…yes, you read that correctly…major banks are finally bailing out underwater owners! Source: CNBC.com and The New York Times As millions of Americans struggle in foreclosure with little hope of relief, big banks are going to borrowers who are not even in default and cutting their debt or easing the mortgage terms, sometimes with no questions asked. Two of the nation’s biggest lenders, JPMorgan Chase and Bank of America, are quietly modifying loans for tens of thousands of borrowers who have not asked for help but whom the banks deem to be at special [...] Click Here To View More

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Common (and Costly) Mistakes Borrowers Make

May 6, 2011

Getting a mortgage can be daunting, especially when there’s a lot of your hard-earned money at stake. It’s critical to spend a few hours researching how [...] Click Here To View More

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