From the monthly archives:
The credit crunch that gripped the markets in late 2007 was exacerbated by the rampant fraud and misrepresentation in the loan documents underwriting the loans packaged and sold in the secondary mortgage market. When a homeowner defaults on his or her mortgage, the lender will foreclose on that property and sell it at a substantially [...]
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There’s a different kind of mortgage broker on the block and they’re giving conventional mortgage brokers a run for their money.With today’s current economy, consumers have to be as budget conscious as ever, and it’s showing in every consumer decision they make – including shopping for a mortgage. Gone are the days where the consumer [...]
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The decision to mortgage house does not in any way show that you are not emotionally attached to your house. On the other hand, it was your concern for the house that restrained you from selling it. As compared to the sale of house, mortgage is a much better option. You continue holding the house [...]
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1. Personal Advice: Breakwater Mortgage Corporation calls Hampton Roads and the surrounding communities (Norfolk, Suffolk, Chesapeake and Portsmouth) home and an on-line lender could be located anywhere. Breakwater Mortgage Corp. is located in Virginia Beach and Williamsburg, Virginia. Our team provides personal mortgage business services that enable mortgage clients to discuss their personal financial scenarios [...]
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Real estate investments are often treated as one the best ways of investing money. However, what you are looking for is not just any real estate investment, but one that can give you good returns. By investing money into property i.e. buying property at a low price and selling it at a higher price so [...]
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It seems with the current political climate and the state of the economy, foreclosures are taking on more of a political shape compared to past months. In recent months it seemed there was a race for who could report the highest foreclosure increases in the quickest amount of time. During this foreclosure frenzy the media [...]
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Financing foreclosures is the part of this business that people are worried about most. Most people automatically assume that you have to have money to invest in foreclosures, which is what keeps them from investing. You will be happy to learn that you don’t have to have money to start investing. Obviously everyone is in [...]
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If you ever see an ad in your newspaper’s classifieds section that promises a free list of bank foreclosures, just ignore it for now. Normally, they are simply used as lead generators by local real estate agents. They will call you back and just talk to you about your needs. Of course, they will also [...]
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Here we go again another government attempt to stop foreclosure. With government initiated loan modification programs failing to put a stop to the foreclosure crisis. Ben S. Bernanke, Chairman of the Board of Governors of the Federal Reserve System, told congressional leaders in a letter yesterday that the Fed will seek to renegotiate mortgages it [...]
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Everyone knows that you should never sign a contract without first reading it. This is especially true of signing into a loan because you could end up losing a lot of money if you do not understand what you are signing. There are several terms that you should know and also understand how they will [...]
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