Archive for the Foreclosure Category

Fannie Mae Announces Deed for Lease Program

Rhonda Porter on 11 5, 2009 | 29 Comments

In a press release this morning, Fannie Mae announced a new program for homeowners who are facing foreclosure and who do not qualify for a loan modification:  Deed for Lease.  Distressed homeowners

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Distressed property rental income: Who’s money is it when a home goes into default?

Tim on 08 12, 2009 | No Comments

This is both a legal question and an ethical issue. I've bumped into this, not in the workplace, but out looking at property :   A home that is in process of either a short sale or heading to for

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Loan Mod Firms: Attorney “Backed” or Attorney Representation

Jillayne Schlicke on 07 19, 2009 | 4 Comments

A story today in the NY Times contains interviews with salespeople who worked for an attorney-backed loan modification firm in California that is now under state investigation for defrauding desperate

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Everyone Does Not Qualify for a Loan Mod

Jillayne Schlicke on 07 14, 2009 | 16 Comments

Loan modification fever is here. Families all over the U.S. are struggling to make their mortgage payments and many are expressing frustration that their lender won't modify their loan.  Any of us c

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