Mortgage servicers handle loan modification applications from homeowners. Unfortunately, servicers sometimes make serious errors when processing modification requests. This can cause a number of problems for a homeowner, like missing out on getting the loan modified or even a wrongful foreclosure.. Read on to learn about the most common servicer violations when it comes to loan modifications.
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Your mortgage company is only concerned with protecting their asset. Let’s say you own a home that is worth $300,000, but you only owe $50,000 to the mortgage company. Your mortgage company will only require you to purchase $50,000 in insurance coverage.
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6 First-Time Home Buyer Mistakes to Avoid Share Buying a home is one of the biggest financial decisions you’ll make in your life – and one of the largest sources of stress for many first-time buyers is the financing process.
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Comments Off on Mortgage Mistakes Responsible for Foreclosure RSS With foreclosures occurring in record numbers across America over the past few years, many borrowers wonder what they can do to avoid ending up in a similar situation.
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Mistakes to avoid before closing on a home Before you have closed your mortgage and signed the mortgage at the title company, avoid making large purchases such as buying a car, furniture or.
These are just a few of the common mistakes people make when choosing a mortgage, so make sure to avoid falling into these traps yourself. For more information about Hollywood home buying and mortgages, you can contact me at email@example.com or 954-663-2539.
Mortgage mistakes are easy to make. In order to avoid some of the biggest missteps, you should first know what they are. The 8 Mortgage Mistakes You Can’t Afford to Make | realtor.com