Archive for the 'Uncategorized' Category

State foreclosure mediation programs can help you avoid foreclosure

Published by Gina Pogol on February 07, 2011 in Uncategorized . 0 Comments

There are two types of foreclosure mediation programs: opt-in, which means you have to initiate the mediation process, and automatically scheduled, often referred to as mandatory mediation. If you live in California, Connecticut, Florida, New York, Pennsylvania, or Rhode Island, you won't have to make any special effort to begin mediation; lenders are not allowed ...

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Mortgage grace period less graceful

Published by Gina Pogol on January 21, 2011 in Uncategorized . 0 Comments

Bank of America made the news because it changed a provision in its mortgage credit policy. Until now, B of A, like most mortgage lenders, gave its borrowers a grace period of 15 days in which to get their payments in before imposing late charges. So if your mortgage payment was due on the first ...

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Got a house you need to sell? Tap the bad credit market with a lease option

Published by Gina Pogol on January 07, 2011 in Uncategorized . 0 Comments

If you have a home to sell, how do you make it stand out from the competition and get more interest from prospective buyers? Try opening it up to people with bad credit. Mortgage lenders have pretty much shut down traditional sub-prime lending because loaning money to people with no down payment and unprovable income ...

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Loan modification and debt settlement: Just say no to upfront fees

Published by Gina Pogol on December 01, 2010 in Uncategorized . 1 Comments

If you have credit problems, you may be intrigued by those ads promising to "cut your credit card debt in half,"or "slash your debt to pennies on the dollar," or "free you from the clutches of debt," yadda yadda yadda. Or, driven to insanity or suicide by your friendly mortgage servicer, you may cave and ...

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Can debt settlement help you get a mortgage?

Published by Gina Pogol on November 02, 2010 in Uncategorized . 0 Comments

It's frustrating. Home prices are super low, mortgage rates are too, and your rent is increasing. You'd really like to get into a new home but your debts are too high for a mortgage lender to approve you for a loan. Then you start getting calls from debt settlement companies, promising to settle your bills ...

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Subprime sequal: Bad credit mortgages return in Europe; is the US next?

Published by Gina Pogol on October 22, 2010 in Uncategorized . 0 Comments

South African company Investec is preparing to sell a package of subprime mortgage securities, the first since the mortgage crisis pounded economies worldwide. The potential reopening of the subprime mortgage bond market in Europe is seen as significant by investors and bankers alike.It may be significant for borrowers as well. Securitization, which involves taking a ...

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Bad credit still costly, but soon it may not harm your job prospects

Published by Gina Pogol on October 17, 2010 in Uncategorized . 0 Comments

You know that bad credit makes it very hard to get a mortgage. You know it makes your insurance policy more expensive. And you know that potential employers may deny you a job because of your bad credit history. But that one cost of bad credit may be extinguished soon. Current law really lets them kick ...

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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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  • Capsiplex: Interesting idea, where can I learn more about this?
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  • Robin: If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a...
  • Laura: similar situation to Crystal above. Except, our FHA mortage was included in BK, but we have kept the payments up and...
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