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Backlog of Cases Gives a Reprieve on Foreclosures – But The Interest Charges Still Accrue!
/in Foreclosure & Loan Mod Blog /by Scott LaninThe NY Times front page today has an interesting article about the delays in processing foreclosure actions in New York. What homeowners must be very careful about, however, is that this delay is not really such great news. Interest and other charges continue to accrue. So the balance of the loan (debt) keeps growing. At […]
Backlog of Cases Gives a Reprieve on Foreclosures – But The Interest Charges Still Accrue!
/in Foreclosure & Loan Mod Blog /by Scott LaninThe NY Times front page today has an interesting article about the delays in processing foreclosure actions in New York. What homeowners must be very careful about, however, is that this delay is not really such great news. Interest and other charges continue to accrue. So the balance of the loan (debt) keeps growing. At […]
Florida Couple Threatens Bank Of America With Foreclosure
/in Foreclosure & Loan Mod Blog /by Scott LaninIn an amusing twist, Bank of America found itself on the other end of a foreclosure. Here is the article.