Member Since December 9, 2008 , From United States
"FIGHT FORECLOSURE: How to cope with a mortgage you can't pay, Negotiate with your lender, and Save your home!" (Wiley2008)
About USADave:

Executive Director nonprofit homeownership advocacy; author, "FIGHT FORECLOSURE: How to cope with a mortgage you can't pay, Negotiate with your lender, and Save your home!" (Wiley2008)


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Recent Activity by USADave

Answered: HAMP Loan Modification, Can anyone help?

I agree with Luara. The interest has not yet been paid.

Answered: Will a lender still consider allowing a short sale ...

Usually, a lender will only consider a short sale if the loan is seriously delinquent or in default, AND you do not have the resources to pay the debt in full. Many short sale approvals will permit ...

Commented: About USADave's answer

The properties, unless owned free and clear, will likely be reported on the tax returns. Without income to offset the presumed carrying costs (mortgage loan/taxes/insurance) his income to debt ratio ...

Answered: People lying to get loan modifications through ...

Loan modification applications must include recent income tax returns. The additional property and rental income will not be ignored. Since loan servicers are looking for any reason whatsoever to ...

Answered: Can I remortgage only 1 of 2 home mortgages?

It is possible, but you would need to have your second mortgagee agree, in writing, to subordinate to the new mortgage. If the refinance is an amount equal to the original mortgage, and your credit ...

Answered: I've been "Good for Nothing"?!

Presumably, your mortgage loan has a balloon feature which will be triggered soon? Its likely your current lender will offer to refinance.

Answered: Gov.susidised housing?

All entities public or private seek to maximize their recovery on non performing assets. In addition to Bob's response, any homes repossessed by government agencies such as HUD, FHA, VA, USDA, etc ...

Answered: Home in foreclosure/Bierman Geesing & Ward rep ...

Bierman, Geesing & Ward, LLC is a law firm whose practice concentrates on the representation of mortgage lenders and servicers in a variety of matters, primarily concentrating on mortgage debt ...

Answered: Who's at fualt

What you describe (broker inflating borrower income on a loan application) seems to be broker loan fraud. If you intend to Fight Foreclosure! and try to keep your home, this goes to loan suitability ...

Answered: Loss of the American Dream

Yours is a tough question to answer because it could be two questions. If you are asking if homeowners who weren't really qualified, financially, to get the loans they were given... if those folks ...

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