Foreclosures Help Information

Posts Tagged ‘Finance’

Stop Foreclosure With Bankruptcy

Question: Credit after foreclosure question...?

Long story short, my house was stolen by a dirty mortgage broker. This is a guy wanted by several gov't agencies, and currently in court with the DA's office. He literally stole my house (and several other people's) and my lawyers said my best option was to stop paying and hope the bank forecloses on him. Yes, I am still pursuing legal action for this situtation.

OK, so I only stopped paying on the house, and it apparently (one year later) just sold in a foreclosure auction. I now have a foreclosure on my credit report, which I know will be there for 7 years. All of my revolving credit cards are paid on time and usually in full. I have money in the bank. So basically, everything else is in tact but *the house*.
Who do I call to repair my credit? Debt consolidation company, bankruptcy attorney (even though I am NOT filing for bankruptcy)? Is time my only option?
How do I repair it if my only debt is the house?
Let me know if you know the answer to this because I am confused.

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Answer: Only time will get that off your credit record.

Your story sounds VERY strange. I'd be consulting with another attorney about your first one's advice...

How to Stop Foreclosure: Foreclosure vs. Bankruptcy

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Mortgage Foreclosure Fraud

Question: Does anyone know how if it is possible to get refinancing after my credit score was destroyed from fraud.?

The results of the fraud ( perpetrated by a family member) was to file bankruptcy. I recently settled my chapter 13 bankruptcy and avoided foreclosure. Now with a low credit score and no credit cards, I still own my home but wish to refinance to consolidate my first and second mortgages at a lower interest rate. Are there any programs through Fannie Mae or other federal programs?

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Answer: Usually, you need to wait 2 years after a bk and you can do FHA. Sometimes, they will approve at 18 months with DOCUMENTED special circumstances.

Investigative Guy Busts Open Mortgage Foreclosure Scams

Mortgage Foreclosure Data

Question: Fifty parents with teenage daughters were asked ..?

Fifty parents with teenage daughters were asked how much they would be willing to spend on a wedding for their daughters. Which type of data graph would best display the center of the collected data?

Stem-and-Leaf Plots
Box-and-Whisker Plots
Scatterplots
Cumulative Frequency Graphs

A private research firm wishes to find out if there is a connection between the price of gas and the number of miles driven by American drivers during the last six months of gas price increases. Which type of data graph would best display this information?

Stem-and-Leaf Plots
Box-and-Whisker Plots
Scatterplots
Cumulative Frequency Graphs

A major bank would like to know how the number of mortgage foreclosures compares in the present year to last year. Which type of data graphs would best display this information?

Stem-and-Leaf Plots
Box-and-Whisker Plots
Scatterplots
Cumulative Frequency Graphs

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Answer: (What's the difference between stem and leaf, and box and whisker)

Anyway, I'd say

Box and whisker
Scatterplot
Cumulative?

Networks Misrepresent Foreclosure Data