So, the question is “My home is in foreclosure and the bank has offered to do a deed in lieu,” but would a bankruptcy be better? The short answer is: Well, it depends. (as usual) The longer answer is: A deed in lieu of foreclosure is a real choice where the home mortgage is the […]
Lender Processing Services Inc. has reached a $120 million settlement with Ohio and 45 other states. Complaints filed in the case have been resolved due to the company’s rush to submit falsified documents with the courts. LPS, Inc. has 20 major offices countrywide, one of which is located in Ohio. The Ohio Attorney General’s Office […]
With mortgage interest rates record lows, many homeowners are scrambling to lock in savings by refinancing. In addition, according to some data, nearly 2.2 million homeowners have refinanced a mortgage at least twice since 2009. Some borrowers are being enticed by lenders offering to waive some or all of the closing costs associated with a […]
Even when homeowners pay on time banks and loan companies sometimes charge late fees. Robo signing is one type of mortgage fraud that has received a lot of attention in the press as the loan companies find many ways to speed up the foreclosure process and generate revenue at a homeowners expense. According to the […]
In Ohio it takes 18 months to foreclose on a property. That is six months longer than the national average. One to two years is common in the Dayton Ohio area, local industry experts agree. The national average is 378 days. This delay can cause some homes to sit vacant for extended periods and become […]