Currently viewing the tag: "foreclosure"
Million Dollar Homes Join Foreclosure Wave
May 10, 2010 by CULIK LAW
Owners of high-end homes have been able to stave off foreclosure for the most part, but homes worth more than $1 million began hitting the foreclosure wave at an increased rate at the end of 2009 — about a 121% increase from a year ago. This surprising wave of the foreclosure crisis comes just as [...]
Continue Reading →Mortgage Late Payments Drop in First Quarter
May 10, 2010 by CULIK LAW
Late mortgage payments rate took a surprise drop in the first quarter for the first time since 2006, according to credit reporting agency TransUnion. FULL ARTICLE HERE
Continue Reading →Take a look at this article from the Washington Post: Treasury Secretary Timothy F. Geithner tells a Senate panel that not enough is being done to help homeowners avoid foreclosure or keep borrowers who qualify for federal aid from losing their homes. “So far, the federal program, known as Making Home Affordable, has helped about [...]
Continue Reading →Interesting article from the Wall Street Journal on a new study by Barclays Capital who state that banks have fewer foreclosed homes to sell than previously estimated but will increase gradually over the next two years. CHECK OUT THE FULL ARTICLE HERE “To get a sense of how many more households will lose their homes [...]
Continue Reading →Aunt Aggie – 100 Years Old and Facing Foreclosure
April 30, 2010 by CULIK LAW
“Let the bankers come with their foreclosure notices. Invite the building inspectors, too. At 100 years old, Agnes Albinger has lived on her 70-acre patch of farmland longer than most of those people have been alive. She has seen two world wars come and go, survived the Depression — in part by subsisting on minnow [...]
Continue Reading →How Foreclosure Affects Your Credit
April 22, 2010 by CULIK LAW
CNN reports on how foreclosure can affect your credit score. READ THE FULL ARTICLE “If you’re delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much? Until recently, those answers were hard to come by. Credit bureaus were uncommunicative about expressing, in points, just how much impact [...]
Continue Reading →Guidance for homeowners from the Massachusetts Attorney General (Part 1)
September 1, 2009 by CULIK LAW
A new video release from Massachusetts Attorney General Martha Coakley gives guidance for struggling homeowners on how to handle foreclosure, loan modification, and other mortgage issues, including the Obama Administration’s “Making Home Affordable” program and how to avoid loan modification scams. (Part 1) via Episode 2: Guidance for Homeowners Culik Law P.C. offers legal consultations [...]
Continue Reading →How to stop foreclosure, modify your mortgage, reduce your interest rate, and decrease your mortgage payments — Tips from a Massachusetts lawyer. If you are behind on your mortgage payments, your interest rate is about to adjust, or your payments are simply becoming unaffordable, the first thing you need to do is take action. The [...]
Continue Reading →Massachusetts Attorney General Martha Coakley has joined a ten-state mortgage fraud task force as a result of meetings in July. The task force “targets of the enforcement effort include equity skimming, bogus foreclosure rescue, straw purchases and unethical lending practices.” via Attorneys General Form Mortgage Fraud Task Force (NY Times).
Continue Reading →Making Home Affordable servicer report for July 2009
August 27, 2009 by CULIK LAW
The Department of Treasury released its report for July 2009 of mortgage servicers’ performance in performing loan modifications. The intent of these reports is to “shame” loan servicers into performing better. Any Massachusetts residents care to share their stories? MHA_public_report.pdf (application/pdf Object).
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