by Phyllis Rockower | Jan 18, 2015 | Uncategorized
Which is a better loan- FHA or conventional Fha just lowered the cost of mortgage insurance by 12 point so that makes payments lower. They also reinstituted the 3% down payment so if cost is then important thing, it’s a good deal. FHA is also good if you have a lower...
by Phyllis Rockower | Jan 17, 2015 | Uncategorized
Everyone waits until the last minute to act and sometimes filing bankruptcy the only way to buy time. You need time to check title, go through escrow and get your ducks in a row before you close. You also have to get the homeowner out before you close. Don’t...
by Phyllis Rockower | Jan 16, 2015 | Uncategorized
Deficiency judgments “Thousands of Americans who lost their homes in the housing bust, rebuilt their finances, and are now suddenly facing a new nightmare”. Debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing...
by Phyllis Rockower | Jan 16, 2015 | Uncategorized
Ca. is seeking to suspend Ocwen’s license to do business in the state . It’s about time banks and non-banks were held accountable. Ca. passes laws and they ignore them. The Ca. Homeowners bill of rights makes dual tracking illegal. That is when the homeowner is...
by Phyllis Rockower | Jan 14, 2015 | Uncategorized
Foreclosures down but still higher than normal Foreclosures,are down 64 percent from the peak reached in September 2010, but are still nearly double the monthly average before the housing crisis The five states with the highest number of completed foreclosures for the...
