Foreclosure Defense Strategy QWR Qualified Written Request

(This is not legal advice, for informational purposes only). If your home is in foreclosure, the worst thing that you can do is “do nothing or wait” until the last minute to respond. In a foreclosure situation, you must act fast and the sooner you act the better chances you will have to resolve your foreclosure situation. However, most homeowners facing foreclosure, still don’t challenge their mortgage lender.     The reason most homeowners don’t challenge foreclosure is that they lack knowledge and don’t understand that they have also “do have rights in a foreclosure matter.” Lenders and their lawyers are well aware of the rights homeowners have in foreclosureRead More →

Bank of America Mortgage MCS 2

Do you bank with Bank of America? You could qualify for a mortgage loan and here is what you will need. Bank of America Mortgage To qualify for a mortgage with Bank of America this is what you will need: For starters, you must have a FICO credit score of at least 620, a maximum debt-to-income ratio of 43 percent and a down payment of at least 5 percent to qualify for a conventional mortgage with Bank of America. Other loan products have different requirements: FHA loans: Minimum 640 FICO credit score, a minimum 3.5 percent down payment, maximum 55 percent debt-to-income ratio VA loans: Minimum 660Read More →