Posts Tagged ‘real estate’

When illegal immigrants want to buy a home in the United States a number of banks are experimenting with mortgages in which the lenders accept Individual Taxpayer Identification Numbers on loan applications in lieu of Social Security numbers. The IRS issues so-called “ITINs” solely to process tax payments, regardless of immigration status.

Wells Fargo & Co. (WFC) is avoiding another type of mortgage designed for borrowers who can’t qualify for conventional home loans, further restricting the amount of money flowing into the troubled real estate market.

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 stong and healthy and still made mistakes. Cases in point:

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