Could a Mortgage Modification Help Your Financial Situation?
MORTGAGE MODIFICATION Are you behind on mortgage payments? Is your lender threatening foreclosure actions against you? Waiting on your lender to reach out to you with help is not going to improve your financial situation. Instead of facing a mortgage foreclosure,...
How to Release a Mortgage Co-signer From the Loan Obligation
A recent question: “I co-signed on a commercial loan for a business that is owned by both my daughter and my son-in-law back in 2010. Now they are getting divorced. No one has paid on the loan since they filed for divorce. The bank just called me for the payment and...
Protect Yourself and Your Project From Mortgage Fraud
This question comes from Veronica of Commerce, MI, who writes: “We took a construction loan out to purchase a lot and build a 2500 sq. ft. home. The process has not been easy. However, now the builder is coming to us and asking us for an additional $80,000 on the...
Foreclosure Notice: What To Do Next
This question concerns a notice of mortgage foreclosure for a commercial property. Just so you know, commercial property, like residential property, can also be foreclosed upon. The question comes from Scott S. of Shelby Township, who owns a restaurant and the...