Bank of America (NYSE: BAC) has a lot of explaining to do. According to a Pittsburgh, Pennsylvania woman, the bank took not only her home but also hung on to her parrot even after proof was offered Bank of America had the wrong house. The woman filed a lawsuit today against Bank of America.
Bank of [...]
All Posts Tagged With: "mortgages"
Bank of America Hijacks Parrot, Forecloses Wrong House
Lose Your Home To Foreclosure? You Might Still Get A Bill
For homeowners who have lost their home to a foreclosure due to their inability to keep up with mortgage payments, there may still be bad news on the horizon. After banks sell the home at auction, any balance remaining on the value of the home and the sale price at auction make come back billed [...]
February 5th, 2010 | tisha | Comments | Continued
Stricter Guidelines Being Announced for FHA Mortgages
The Federal Housing Administration, which insured one-third of 2009 mortgages, is getting ready to announce the stricter guidelines for securing an FHA-backed mortgage loan. Since the mortgage crisis, the popularity of FHA loans rose dramatically. The loans back lenders if a borrower failed to pay. Because of the mortgage crisis, the agency is having difficulties [...]
January 20th, 2010 | tisha | Comments | Continued
New Homes: A Better Deal than Foreclosures?
This is a guest post by Lee Fink. Lee is currently studying at the College of Southern Nevada with a major in Journalism. She hopes to pursue a career in editing.
During the housing bubble, many people bought up houses at ridiculously low prices. They would then turn around and sell these homes for much [...]
Qualified for a Interest Rate Buy-Down? Take Advantage and Save
Could you imagine getting a home loan at an interest rate of below 4% on a brand new home? Well, imagine no more. If you are well qualified, you can have access to such an outstanding loan rate right now.
The Buy Down Incentive
For many years, private home builders and sellers have been willing and [...]
Mortgage Banker or Bank for Your Home Loan?
Many people do not pay attention to this distinction, but it is worth talking about. When you take steps in obtaining a mortgage on a house, you have basically two sources from which you can choose to consummate the process. First is a traditional bank or other similar financial institution. The next is through a [...]
April 16th, 2009 | tisha | Comments | Continued
Tips for Getting a Mortgage in 2009
As the nation ended the year with endless news about foreclosures and mortgage crisis galore, the new year is the perfect time to take stock of your financial situation and prepare for buying that house you want. It won’t happen overnight, but the new year will bring some changes to the real estate industry and [...]
January 8th, 2009 | tisha | Comments | Continued
5 Quick Money Lessons to Learn Now
Many times when it comes to money, there are a few sayings that stick with you throughout your lifetime. Famous clichés such as a penny saved is a penny earned and similar saying that Grandma taught you certainly weren’t far off the mark. As more and more people struggle with debt, there are some more [...]
August 6th, 2008 | tisha | Comments | Continued
Lenders Still Making the Same Mistakes Which Caused the Sub-Prime Mortgage Mess
If you were a lender of mortgages, would you give out a loan to someone who doesn’t have any documentation to prove how much money they make? Would you provide a loan where the person isn’t even required to pay off the interest each year? How about a loan that would take 50 years to [...]
May 10th, 2008 | admin | Comments | Continued
Looking to Buy a Home? 5 Tips to Improve Your Credit Score to Get a Better Mortgage
When most people go to purchase a home, they take whatever deal the mortgage lender will give them. Many get “house fever” and want to pursue the American dream so badly that they’ll sign whatever’s put in front of them so they can own their very own home. Many consumers have gotten themselves in real [...]
December 9th, 2007 | admin | Comments | Continued
Major Banks At it Again, Fighting Against “Truth in Mortgage Lending” Legislation Which Would Decrease Foreclosures!
We recently reported that some of the major US banks including Bank of America, Capital One, Chase and Discover were actively flaunting US Bankruptcy law, and now they’re trying to put the screws to consumers again by opposing “Truth in Mortgage Lending” legislation which is currently working its way through congress.
The US House recently voted [...]
E*Trade and Bank of America Get What’s Coming to Them for Offering Exotic Mortgages
For the last five years or so, many of the nation’s major banks and financial institutions have been originating all sorts of non-traditional mortgages such as interest only loans, adjustable rate mortgages, mortgages with balloons, fifty year mortgages, and a whole slew of other financial products that no consumer should ever buy. Unsurprisingly, many consumers [...]
November 19th, 2007 | admin | Comments | Continued
Hi Duh,I have just completed the program and I do not believe that it hurt me at all. I am ...
I love how they put out press releases like this one, which is a nice hit job on the insurance ...
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