Mortgage loan modification scams are designed to take your money with the false promise of preventing foreclosure. “Scam artists offer to act as an intermediary between the homeowner and the ...

Reverse mortgages, which allow homeowners aged 62 and older to convert part of their home equity into cash without having to ...

Typically, foreclosure proceedings begin after you miss four consecutive mortgage payments — or are 120 days delinquent — without working out a solution with your lender, but the timing varies by your ...

SEE ALSO: Vornado Lands $450M CMBS Loan to Refi Penn 11 The senior debt is backed by the Cipriani locations at 110 East 42nd Street and 55 Wall Street, and was facing possible foreclosure after ...

In some cases, mortgage modification can help you avoid foreclosure. This approach can be a good solution if you don’t want to sell your home but are having trouble affording your mortgage payments.

People across the country claim — some in lawsuits — that banks didn't live up to their end of the deal when they agreed to trial mortgage modifications.

The shift towards loan modifications as a solution offers several advantages for lenders and property owners alike. First, both parties can avoid the lengthy and costly foreclosure process.

What is preforeclosure? Key terms Preforeclosure Preforeclosure is the first step in the foreclosure process, and it usually begins when a homeowner is 90 days past due on their mortgage.

If the loan was originally for 10 or 15 years, a term extension to 30 years will reduce the payment materially, but 10- and 15-year loans account for a very small share of loans in distress.

Pre-foreclosure is a legal process that a lender can take when a borrower misses several mortgage payments in a row. The lender will send the borrower a notice of default, which is a legal notice ...

State legislation to protect homeowners from foreclosure while pursuing a loan modification, widely supported by consumer groups but opposed by the banking California industry, has failed in the ...

Jeffrey Feil’s firm is struggling on investments in West Loop and LaSalle Street office buildings, after losing a separate ...