Posted on December 02, 2011 in Foreclosure

It is not recommended anyone use an out of state service that claims it can help you through the foreclosure process as many of those are scams. Many of these services will also claim to be loan modification experts and offer to help negotiating a loan modification with your lender. Debt consolidation is another popular option to help in these troubled economic times but often fails. The best thing to do is contact a lawyer that works in the area of Foreclosure Defense and Strategic Default.

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 Posted on November 23, 2011 in Real Estate

Why has my property dropped more than 25% in value if housing prices have in general dropped approximately 25% over the past several years?

The answer maybe fraudulent bank appraisals – in many circumstances. Many appraisers were under pressure by banks and mortgage brokers to appraise properties at contract prices even though properties actually were not worth the appraised value. The consumer believed that the bank was willing to appraise the property out then it must be a good investment because why else would the bank loan money on the property. The consumer justifiably so relied on the banks sophistication to justify taking out loans.

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