Tag: Mortgage
Understand mortgage fraud to avoid it
Written by Federal Title on .
Mortgage fraud investigations have skyrocketed since the financial crisis began in 2008, and a recent report released by the FBI’s white collar crimes division indicates the number of investigations has steadily increased in the years...
Bank of America to charge ‘grace period’ fee for some customers
Written by Guest on .
Traditionally, mortgage customers had a 15-day grace period in which they were allowed to make their mortgage payment, without incurring late fees and penalties. However, Bank of America is changing its method in handling the 15-day grace...
Filing Chapter 13 bankruptcy with a second mortgage
Written by Guest on .
Curiously, I received several calls this week inquiring whether filing a Chapter 13 bankruptcy would “automatically” eliminate a second mortgage. The simply answer is “maybe.”
If the amount of your first mortgage is greater than the current...