Tag Archive for 'Foreclosure'

In Trouble with Your Mortgage Lender? Check Your Checking Account

Published by Gina Pogol on October 12, 2009 in Foreclosure . 0 Comments

If you are experiencing financial difficulties, you may have decided that you can't afford to make your mortgage payment. Or you may be waiting for a loan modification from your lender. But in any event, if your checking or savings accounts are with a bank that also has your mortgage, you should move them--or you ...

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FHA Toughening Guidelines in January: Better Refinance Now

Published by Gina Pogol on September 22, 2009 in Mortgage Refinance . 2 Comments

On January 1, 2010, would-be borrowers will get a rude awakening from FHA. The agency's streamline refinance will no longer be the easy transaction it is today. Today, the biggest advantage of FHA streamline refinances is that they don't require an appraisal or credit qualifying. So even if your home's value has tanked and ...

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Mortgage Problems Hurting Americans' Credit

Published by Gina Pogol on September 18, 2009 in Foreclosure . 0 Comments

According to an article in the LA Times, mortgage problems are becoming credit problems. While refinancing under making Home Affordable programs won't hurt your credit and may even help it a little, the same can;t be said for short sales. Many holders of under water property assume that a short sale won't harm their credit, ...

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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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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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Want to Avoid Foreclosure? Get Medical Insurance

Published by Gina Pogol on April 08, 2009 in Foreclosure . 3 Comments

Drop the word "foreclosure" into almost any conversation and you'll hear something like: "loose lending...irresponsible borrowers...dead real estate market...what do you expect?" But what you probably won't hear is that one of the biggest causes of losing a home--even today--is medical. Even now with economy seemingly on its way to hell in a handbasket, a study ...

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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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