Basics: The Escrow Account in Mortgage Loans
Apr 16, 2010
What are the Benefits and Disadvantages of Having an Escrow Account? The principal benefit of the escrow account is that you won't be surprised by or unprepared for the expense of your property tax a...
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Basics: The Deed-in-Lieu of Foreclosure (HAFA)
Apr 09, 2010
What Does Deed-in-Lieu Mean? It means a deed instead of foreclosure. Simply stated, it means the borrower will voluntarily give the lender a deed to the property in order to avoid foreclosure. Why W...
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Basics: Mortgage Lender Advances During Borrower Default
Apr 08, 2010
Property Taxes It is a condition of all mortgages that the property taxes must be kept current. Whether or not the borrower is in a payment default, if the taxes are delinquent the lender can (and w...
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Let's Talk About Deeds
Mar 30, 2010
Some Deed Basics While requirements for a valid deed vary from state to state, some things are fairly universal. Deeds should be in writing, identify the parties, specify the marital status of the p...
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Disputing Credit Information With the Furnisher of Information
Mar 25, 2010
How To Prepare a Dispute of Reported Credit Information A dispute must be submitted directly to the furnisher (in writing is best) by the consumer concerning the accuracy of the reported information ...
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How To Write a Proper "Qualified Written Request" for Mortgage Servicing Information
Mar 09, 2010
What is a Qualified Written Request? 1. A written inquiry not on your payment coupon,
2. sent to the address specified by the servicer for QWR's,
3. with enough information to identify your loan (e...
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