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Monthly Archive for September, 2009

New Legislation May Help You When Your Lender Won't

Published by Gina Pogol on September 09, 2009 in Foreclosure . 0 Comments

The chairman of the House of Representatives Financial Services Committee said that he plans to keep working on legislation to reduce mortgage balances via bankruptcy proceedings, and that the lame performance of lenders, some of which received taxpayer bailout funds and have yet to modify a single mortgage, increases the support for that legislation. ...

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Frustrated with Your Lender? So Are Some Judges

Published by Gina Pogol on September 08, 2009 in Foreclosure . 2 Comments

You need a mortgage modification. You checked the questionnaire on www.makinghomeaffordable.com and discovered that you meet the criteria for a modification under the Home Affordable Modification Plan (HAMP). So you call your lender, get your modification packet, and return it. And then nothing happens. For months. According to a New York Times story, you are not ...

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Even Being Declined for a Mortgage Can Be Useful

Published by Gina Pogol on September 04, 2009 in New Home Loan . 0 Comments

Those of you waiting to take the step from renting to home ownership may want to step it up. First, unless Congress extends the deadline, that first-time home buyer credit is going away the end of November. Of course those on the sidelines face challenges--often bad credit, a little short on income, insufficient down ...

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Investors In Trouble: Any Foreclosure Help for Borrowers with Rentals?

Published by Gina Pogol on September 03, 2009 in Foreclosure . 2 Comments

All the buzz these days is about the homeowner rescue programs--Making Home Affordable and it's babies Home Affordable Refinance Plan (HARP) and Home Affordable Modification Plan (HAMP). But eligibility for these programs requires that the property be a primary residence. What about investors? Is there any help for them? Investors seem largely left out of the ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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