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Sub Prime Loans

The Real Minefield: Sub Prime Loans

It’s becoming increasingly clear that the greatest vulnerability to foreclosure lies in the sub-prime sector of the mortgage market. According to a recent article in the New York Sun, 62% of sub-prime loans made in 2005 were made with little or no income verification. In addition, 52% of those loans were interest only or had negative amortization.


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Rescue Scams

Foreclosure Rescue Scams Producing Bad Laws

The proliferation of unscrupulous foreclosure “rescuers” who use deceptive and fraudulent schemes to fleece homeowners in financial distress out of money, property or both, have led some states to propose and pass laws aimed at putting a stop to these scams.

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Seller Resources
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Bankruptcy Information

Accessing Bankruptcy Information with PACER


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Foreclosures

Economic Woes Fuel Foreclosures

The nation’s foreclosure epidemic has come home big time where job cuts, consumer credit woes, creative mortgages, and energy costs have tightened the squeeze on homeowners in the fourth quarter. No region is alone. Tens of thousands of homeowners across the country have had to resort to foreclosure.


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