Seems hard to believe but the new foreclosure prevention programs announced by the government (and covered in recent blog entries) have become a new opportunity for fee-charging organizations that claim to offer you speed and convenience in getting your mortgage terms modified. California alone has listed more than 300 of these firms on a web site.
Posted under debt consolidation, fix bad credit, fix bad debt, foreclosure
This post was written by fixbadcredit on March 12, 2009
When you fall behind in your monthly mortgage house payments, the seller or lender may try to take the house back. This is what is called foreclosure. Whenever your house is foreclosed, you may lose not only your house, but also all of the money that you have invested. A foreclosure (also called “deficiency judgment”) can seriously affect your ability to qualify for credit in the future. You should avoid this, if at all possible.
Posted under foreclosure, mortgage debt
This post was written by fixbadcredit on October 16, 2008
