362,000 American delinquent mortgage squatters refuse loan modifications

Many delinquent mortgage squatters game the system to enjoy free housing for as long as they can.

It’s no secret that banks are willing to modify any delinquent loan if the borrower merely asks. Since nearly all the outstanding delinquent loans are properties worth less than the… – 362,000 American delinquent mortgage squatters refuse loan modifications

The most ignored homeownership costs: property taxes, insurance, and HOAs

Other necessary costs of ownership consume a quarter to half the amount borrowers could potentially put toward loan payments.

When lenders calculate how much they are willing to loan to any particular borrower, they measure the borrowers income from wages and other sources and calculate how… – The most ignored homeownership costs: property taxes, insurance, and HOAs