Fraud Committed by Potential Homebuyers

Previously, we’ve discussed mortgage scams targeted toward homeowners facing for foreclosure or behind on their mortgage payments. There is another side of mortgage fraud and it’s committed by potential home buyers during the application process. Scotty Ball, a...

Be Aware of Mortgage Fraud Scams

Mortgage fraud has become prevalent around Georgia and especially in the metro Atlanta area. If you are facing the possibility of losing your home to foreclosure or are behind on your mortgage payment, you could be targeted by scammer. With the possibility of losing...

New Consumer Protection Rules for Mortgages

With the New Year comes new protection for consumers seeking mortgages. On Jan. 10, the Consumer Financial Protection Bureau began requiring lenders to make sure borrowers can afford to repay loans based on their income, debt and credit history. That sounds all very...

Qualifying for reverse mortgage to get tougher

During the past several years of the economic recession, many desperate homeowners turned to what is known as a “reverse mortgage” to draw emergency cash out of their homes. Now, in an effort to reshape the reverse mortgage program back to its original purpose, the...

The Re-emerging Housing Market of 2013

The long-running collapse of the U.S. housing market – which dates back to2006 – represents the largest drop in home values since the Great Depression. However, there now appears to be signs of hope that housing across the United States is finally beginning to emerge...