Foreclosures Help Information

Posts Tagged ‘chase’

Stop Foreclosure Bank Of America

Question: how many months can you be behind on your mortgage?

I bank with Bank of America and was wondering how many months i could fall behind on my mortgage before they could start the foreclosure process and stop accepting additional payments from me? I have not gotten behind yet but was thinking of doing so to cushion my own account in these tough times.

Answer: Talk to the bank rather than 'voluntarily' defaulting on your mortgage.

Save Renee's House: Stop the Bank of America Foreclosure!

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Foreclosure Help Bank Of America

Question: San Diego will be a "foreclosure sanctuary"?

http://moneynews.newsmax.com/financenews/bank_of_america/2008/07/23/115615.html

Here's the link. Apparently, San Diego is sueing lenders to stop foreclosures in their city. Gosh, what do you think this will do to property value and future loan availability?

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Answer: What a stupid idea! If a bank can't foreclose, no one will pay their mortgages. Why would you?

If a bank can't foreclose on a mortgage, there is no collateral. No collateral means the mortgage is worthless. The banks will have to write off every mortgage in San Diego whether the home owner is making the payments or not. It will be the biggest banking disaster in history.

If the bank can't secure it's collateral there won't be any mortgages and the value of property in San Diego will drop like a rock because no one can get a mortgage to by it.

Bank of America recorded call regarding foreclosure Part 1 of 2

Chase Foreclosed Homes

Question: can lenders chase you after you foreclose your home?

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Answer: Only if you still owe them money. Did the foreclosure reimburse them for the money that you were given by them?

mortgage loan foreclosure law suit appeal by private attorn