Investors and First-time Homebuyers Ready To Buy Foreclosed Properties

By MCS12

More than 3.3. million U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends. While some of those homeowners who are overleveraged or unaware of their options will contribute to a wave of foreclosures, most will be able to work with their lenders to either refinance their mortgage or sell to…

JacksonvilleCares.com Offering Commercial Properties Eviction and Foreclosure Prevention Program Help

By MCS12

Great news for owners struggling with commercial properties facing eviction or foreclosure! There is $5.1 million available to Duval County residents and business owners at risk of losing their apartment, home, or business location due to the economic impact of COVID-19. JacksonvilleCares.com will start accepting applications for commercial properties this week. Applications began to be…

Mr. Cooper Paying $90 Million For Wrongful Foreclosures Lawsuit In Customer Refunds

By MCS12

Did Nationstar foreclose on your home? You could be entitled to receive a refund for illegal foreclosure! Servicer Mr. Cooper will pay $90 Million in refunds to customers, in addition to $6.5M in penalties.   For the third time in the last six months, Nationstar Mortgage, the nonbank also known as Mr. Cooper, has reached a multi-million-dollar settlement with…

Fannie Mae and Freddie Mac Update COVID-19 Mortgage Forbearance Guidelines

By MCS12

Many homeowners who needed to refinance their Fannie Mae and Freddie Mac mortgage loan or even buy a new home were all left in limbo because of the COVID-19, Coronavirus pandemic. Leaving most mortgage borrowers with not knowing what to do next about the uncertainty of refinancing or purchasing a new home. Fannie Mae and Freddie Mac announced…

Stop A Manhattan Foreclosure In 10019 Zip Code

By MCS12

(For informational purposes only and not intended as legal advice or legal consulting.) Do you have a Clinton or Chelsea, 10019 zip code foreclosure lawsuit? If so this is now the highest concentration of foreclosures in Manhattan! Surprisingly, there were 20 first-time foreclosures last year in the 10019 zip code, which represented 13% of the…

Win A New York Foreclosure Raising Lack Of Standing Defenses

By MCS12

(The following is for information purposes and not legal advice) First thing, if you have a pending foreclosure in New York you need to act fast. If you do nothing, the lender will win and you will lose.  “Just that simple, do nothing you 100% will lose!” Having a foreclosure in New York is a…

FHA Loan Credit Score Qualifications, Do This To Get Approved Faster

By MCS12

An FHA Loan is a smart solution to obtain financing to purchase a home. However, you need to have the right credit score to meet all the qualifications to be approved faster. This is because all FHA loans are issued by an approved lender and insured by the Federal Housing Administration (FHA). These loans are…

Deed in Lieu Of Foreclosure, What You Need To Better Understand

By MCS12

The following information is not legal advice and should not be used as legal advice, please consult an attorney for legal advice.  A Deed in Lieu of Foreclosure has advantages and disadvantages. Generally, lenders don’t often offer a Deed in Lieu of foreclosure to homeowners. Some homeowners or real estate investors, consider getting a lender…

Bankruptcy TILA Fraud Violations, RESPA Foreclosure Help

By MCS12

(The following is not legal advice or meant to be utilized as legal advice)  Bankruptcy is often used by many homeowners to stop their mortgage foreclosure in the United States. Most often bankruptcy doesn’t exactly stop the foreclosure from happening forever, it’s simply a delay tactic. Where many homeowners even after filing bankruptcy are foreclosed…