If you are wondering what a hardship letter is, then you may already be behind on your home mortgage. Perhaps times are tough, you lost your job, you have become disabled or injured in an accident, a loved one has become ill, or you are just drowning in credit card debt. You can no longer [...]
Average Mortgage Industry Salary In US
I found the average salary for the mortgage industry in the U.S. for loan processors, loan officers, processing managers, administrative personnel, mortgage originators, and senior mortgage loan processors.
Honestly, I expected the numbers to be a bit higher. Of course the average salaries in this part of the financial sector vary a lot by region, but [...]
Predatory Lending Laws
Virtually every jurisdiction in the U.S. has predatory lending laws that restrict certain lending practices. Each state has it’s own predatory lending laws, but Cleveland’s provides a perfect example.
The laws in Cleveland dealing with predatory lending can be found in Part 6, Title III, Chapter 659 of the codes. The most important section is 659.02 [...]
Sample Disability Mortgage Hardship Letter
Many people get in to hardship with their mortgage, especially people with a disability who have reduced or lost earnings capacity so I’ve made a sample disability mortgage hardship letter.
I hope this may be useful to any of you that have suffered a disability (join the club) and need some help. As stated in the [...]
Home Foreclosure – How to Stop It
Your home loan is being foreclosed. That mortgage foreclosure is coming, and you either have to stop or avoid the foreclosure, or find a cousin to move in with. Your family is asking you if they need to pack their clothes and toys up for the move. You have about $200 in the bank, zero [...]
