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When seeking a mortgage, you don’t want to be categorized as a ‘revolver’
Source: The Washington Post Are you a “transactor” or a “revolver” when it comes to your credit? Terms like these never have mattered much to home buyers seeking a mortgage. You’ve probably never heard of them. Yet they are about to become more important to millions of mortgage seekers and they may even help determine…
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More than 81,000 Florida homeowners missing out on mortgage savings
Source: Palm Beach Post Florida has the highest number of homeowners nationwide failing to cash in on a federal mortgage program that could save them hundreds of dollars each month. Read more…
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Florida program for distressed homeowners taking applications
Source: Palm Beach Post Florida’s landmark mortgage reduction program that offers up to $50,000 to pay down homeowner debt will reopen this week for applications after just 2,400 borrowers have been accepted since the plan’s launch in the fall. Read more…
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Homeowners challenge hardest hit rejections
Source: Palm Beach Post Palm Beach County homeowners rejected by the state’s landmark mortgage reduction program because their homes were valued too high can appeal the decision, but it will cost them. Read more…
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Pam Bondi: Mortgage Settlement Money Isn’t for State Employee Pay Raises
Source: Sunshine State News Attorney General Pam Bondi is adamant that a $334 million mortgage settlement sitting in escrow since February will go to distressed Florida homeowners, not to state employees for pay raises. Read more…
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South Florida homeowner has $570,100 mortgage forgiven by bank
Source: Palm Beach Post A client of Wellington foreclosure defense attorney Malcom Harrison may have cringed when he saw the Bank of America envelope in his mailbox. Instead, he’s more than half-a-million dollars out of debt. Read more…
