Here’s a happy update to the story of the Illinois woman who got trapped in the Bank of America labyrinth after deciding to pay off her mortgage more than two decades early. [More]
less is mortgage
Bank Of America Admits It Shouldn't Have Put Customer In Default After She Paid Mortgage Off
By 3.1.11
What Risk Factors Will Make My Mortgage More Expensive?
By 1.18.11
When you’re in the market to buy a new home or investment property, it’s one thing to get a pre-qualification over the phone and a completely different thing when you later sit down and actually apply for a loan. So before you get too far into the process, you should know which factors could end up inflating the interest rate on your mortgage. [More]
Poll: Most Americans Concerned About Ability To Pay Mortgage Or Rent
By 10.27.10
The recession may be over, but according to a new poll by the Washington Post, not only are most Americans concerned about having enough money to pay their rent or mortgage, but that number has continued to increase over the last two years. [More]
Mortgage Applications At Lowest Level Since Spice Girls Were Popular
By 6.9.10
Remember 1997? It was my last year of college so I don’t have too solid a grasp on it, but I do remember being inundated with songs by the Spice Girls and Third Eye Blind. And apparently it was the last time that the demand for mortgages was as low as it is right now. [More]
Rapper Chamillionaire Lets Bank Foreclose On House Rather Than Pay Mortgage
By 6.7.10
When you decide to go with a hip-hop moniker like Chamillionaire, it’s probably not the best PR move to let one of your houses go into foreclosure. But, says the rapper, it wasn’t because he was having money problems. Instead, he handed the manse back to the bank because he just didn’t feel like paying the mortgage on a house he never lived in. [More]
Chase Sued For Telling People To Stop Paying Mortgage, Then Foreclosing
By 4.7.10
We hear stories all the time about people who are having trouble paying their mortgage, call the bank for help, and are then told there’s nothing the bank can do unless they stop paying their mortgage. Well, one couple is suing Chase after they followed that advice, and then got foreclosed on. [More]
Data Shows Horrifying Bank Of America Refinance Story Actually Typical
By 3.18.10
The Chicago Reporter is a publication that reports on race and poverty in Chicago. This issue’s cover story is about mortgage modifications and the struggles that homeowners face when trying to access the Obama Administration’s refinance program. Apparently, banks are so incompetent that it can be almost impossible to actually modify your mortgage.
The article tells the story of a small business owner who thought he would always be able to pay his mortgage, but whose work dried up with the economy, and his wife, who was laid off from her full-time job. The husband was injured on the job, and the medical bills piled up. [More]
