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Posts Tagged ‘mortgage contract’

What Are All Those Fees? Foreclosure and Late Charges

09.11.2009 · Posted in Mortgage Articles

When homeowners begin to fall behind on their mortgage, almost immediately, the bank begins adding numerous fees to the balance. A default of a couple months can balloon into a total amount behind equaling nearly half a year's worth of principal and interest payments. ...

Can the Bank Ever Prove a Foreclosure Case?

08.19.2009 · Posted in Mortgage Articles

Many homeowners are not quite clear on how the foreclosure process works in their state, especially due to differences between judicial and nonjudicial foreclosure proceedings. State law and federal lending law may also affect how the process moves forward, as HUD-guaranteed loans or those insured by the FHA can complicate the matter even further. ...