Category Archives: Escrow

American Home Mortgage Holdings Angers Partners

August 21, 2007 – 5:10 pm

I do not have any houses serviced by American Home, but have been tracking the progress of the mortgage payment servicers for mortgages during the mortgage meltdown. American Home is holding payments collected from borrowers and not forwarding the money to the lender as specified in their servicing contract. Their defense of the action is [...]

By Timothy Blake | Also posted in Archives, Lenders, Tax Debt | Tagged , , , , , , , | Comments Off

Personal Bankruptcy, Reaffirmation, ARM’s and Foreclosure

August 2, 2007 – 11:20 am

Banks claim they do not want to foreclose because they lose money. I have permission to share this open letter from a person that did not reaffirm their adjustable rate mortgage after bankruptcy:

By Timothy Blake | Also posted in Adjustables (ARMs), Archives, Foreclosure | Tagged , , , , , , , | Comments (1)

Check escrowed taxes, insurance as lenders struggle

July 28, 2007 – 1:19 pm

What is your recourse if the mortgage company fails to pay your taxes? What if they do not pay your property insurance? If you read about your mortgage broker going to prison or see your mortgage company on Fox News with Shepard Smith you might want to check your statements. The lenders referenced below are [...]

By Timothy Blake | Also posted in Archives, Suggestions | Tagged , , , , , , , | Comments Off