Author Archive for Joe Gross
Homeowners fight for loan modifications from swamped mortgage servicers
DALLAS – After losing his job in January, Stuart Miller has fought hard to keep his home out of foreclosure. At the end of May, the 55-year-old Plano, Texas, man began trying to get Wells Fargo & Co. to review his application for a loan modification. For Full Article Click Here,
Homeowners tell how banks failed to modify mortgages
Nearly three years into the deepest U.S. housing slump in generations, lenders are modifying only a small number of problem mortgages, and rising foreclosures are restraining the economy’s recovery. For Full Article Click Here
Obama tries to shame banks into speeding up mortgage modifications
As banks continue to drag their feet on mortgage modifications, the Obama administration put out a list of problem banks to shame them into action. Bank of America (BAC) topped the list as one of the worst performers among large mortgage servicers. For Full Article Click Here
Florida highrise has 32 stories, but just 1 tenant
FORT MYERS, Fla. — The Vangelakos’ southwest Florida condominium has marble floors, a large pool overlooking a river and modern furnishings that speak of affluence and luxury. What they don’t have in the 32-story building is a single neighbor. For Full Article Click Here
Help One Of Our Teaneck Residents Save Her Home!!!
I am asking all of you reading my blog to help one of our teaneck residents stay in her home. Here is what you need to do order her “Mortgage Apple Cake” now by clicking the link it is only 40 dollars and you can make a difference by saving her home from Foreclosure. Click [...]
Teaneck woman’s mortgage bake sale pays off
by The Star-Ledger Continuous News Desk Wednesday July 22, 2009, 5:58 AM TEANECK — Angela Logan’s bid to use a bake sale to help her pay her mortgage appears to be working, according to a report in The Record. The report said the actress and divorced mother of three has received more than 500 orders [...]
Teaneck mother holding bake sale to pay mortgage
Faced with a foreclosure on her Teaneck home, a divorced mother of three is selling “mortgage apple cakes” at $40 a pop in an effort to save her house. The week-old bake sale has raised about half the $2,559.94 she needs by July 26. Angela Logan, 55, who has also worked as an actress and [...]
Subprime Brokers Back as Dubious Loan Fixers
LOS ANGELES — From the ninth floor of a downtown office building on Wilshire Boulevard, Jack Soussana delivered staggering numbers of mortgages to homeowners during the real estate boom, amassing a fortune. For full Article click here
US Treasury Adds Servicers To Loan Modification Program
WASHINGTON (Dow Jones)– The U.S. Treasury Department has added to new servicers to a roster of those working on a large-scale government mortgage loan modification effort. The Treasury Monday said Wachovia Mortgage and Bayview Loan Servicing both have joined the effort. Bayview could receive incentives of nearly $45 million by participating in the program. Wachovia [...]
Where Are the Loan Modifications?
Suddenly, the subject of foreclosure is back in the public consciousness. I’m not 100 percent sure why — nothing has really changed, except of course that the foreclosure rate keeps rising, and the value of homes keeps dropping, and more and more people find themselves “underwater” — meaning that their homes are worth less than [...]
What borrowers can do to navigate the mortgage process
With the ups and downs of interest rates, refinancing or buying a home can be a source of stress No one buys a house because of an attractive interest rate. But once they’ve found the house of their dreams, nabbing the lowest possible rate becomes the next nail-biter. The uncertainty doesn’t end when the loan [...]
