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Looking around on the internet, one very clear statement comes across – Lenders lie to homeowners.  Why are you listening to your lender?  The most common lie is that the lender really wants to help you, and is working on a loan mod for you, but actually he is just stalling while he waits for the foreclosure to complete.

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Tila Solutions Consultants are contacted every hour of every day by homeowners who are trying to understand what a predatory loan is and to determine if their loan is a predatory loan.  They feel the need to make sense out of their downward spiraling financial situations that seems to be far beyond any ordinary financial struggles.

Read more on How Can You Tell If You Have a Predatory Loan?…

With the current fear of the house price crash, it is no wonder that people, couples, families and professionals are desperately seeking to sell their property in a bid to recoup some money. This may seem like a gloomy time for many struggling and hard working individuals, especially for those who have purchased their own house in hopes of making money from their investments. With the economy moving in the direction that it is, what could potential mortgage seekers do to qualify for a mortgage?

Read more on What To Do Before You Compare Mortgage Rates…

Stated income home loans are now a thing of the past as Fannie Mae and Freddie Mac suffer with more defaults. Now consumers must qualify with full documentation and won’t be able to qualify due to debt to income ratios. This will affect over 70% of California and Florida homeowners needing to refinance their adjustable rate mortgage as well as many more across the country.

Read more on Loan Modification Help-What Is The Best Way To Get My Loan Modified…

Owner builders save themselves a lot of money by managing the construction of their homes and cutting out the costs of a general contractor. However, for owner builders who have never built before, there is a very important lesson to learn about the owner builder loan timeline before getting too far into the planning process.

Read more on A Lesson in Time for Owner Builder Loans…

As of Monday July 14th, 2008, the government has passed new laws which cause a decent amount of change within the mortgage industry and how these companies give out loans to homeowners. Even though they were passed on Monday, these rules wont take effect until October 2009 to give time for companies to transition to the new set of standards.

Read more on Mortgage Reconstruction 2009: The Time For New Mortage Laws…

Life doesn’t hold too many real guarantees anymore. Seniors work hard their whole lives and expect to receive a pension and often those pension funds aren’t available or the company closes and the individual is left looking for work late in life with no pension at all, starting over.

Read more on Credit Lines Freeze…but not for Reverse Mortgages…

The nation is all a buzz with talk of the housing market, and chances are, you’ve seen foreclosures popping up all over the place–including your own neighborhood. It’s not a short-term problem (foreclosure rates having been climbing for some time now), and people are beginning to investigate to determine who is really at fault. Who is really to blame–the mortgage industry, predatory lending schemes, the unsuspecting and uninformed homebuyer, or maybe a combination of the above? It’s hard to say for certain, but fortunately there are ways to avoid becoming just another foreclosure statistic. Here are some tips on what to watch for and ways to stay on top of the mortgage game:

Read more on What You Need to Know About Your Mortgage…

So what has been going on in the world of finance and mortgages? Certainly the biggest news was the fall of IndyMac. Last week we heard that IndyMac had stopped giving out new mortgage loans and was going to concentrate on simply servicing the existing loans in its portfolio. Apparently this was due to the fact that regulators felt that IndyMac was not adequately capitalized.

Read more on Current News With Mortgage Interest Rates…

No one ever purchases a home with the desire of defaulting on the mortgage, but it does happen. Many situations can result in a bank foreclosure on a property, including medical emergencies, loss of a job or divorce. If you are in a position where your mortgage payments cannot be met, it is important to contact your lending institution right away to see what can be done about avoiding a bank foreclosure. The best way to get a handle on the situation is to understand exactly how the foreclosure process works and what you can do to stop it.

Read more on Foreclosure – It Doesn’t Need To Happen To You…