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Councilman loses license to practice  Longtime city-based attorney Stephen T. Gionfriddo, who also serves as a city councilman and a former mayor, has temporarily given up his ability to practice law.via


Prepaying mortgage a good move -- for some (The Morning Call)  Much attention is being paid to homeowners who can't afford their mortgage payment. But what if your bill is manageable? Or your loan's interest rate hasn't moved upward just yet?read


Senior citizens to gain from 'reverse mortgage'  Senior citizens stand to benefit from a novel scheme of reverse mortgage, announced by Finance Minister P. Chidambaram in his budget speech Wednesday, as also from the hike in the


New mortgage broker rules thin the herd (Rocky Mountain News)  Jay Gould thinks he?s the first mortgage broker in the county to pass his state licensing exam. Everyone else has until the end of the year.read more...


Union ordered to pay builder $2.35M  A lawyer representing the Chicago Regional Council of Carpenters said Wednesday that the union will seek to overthrow a jury award totalling $2.35 million to builder John Maki Sr.Commentread more...


Stocks up on home sales, oil a worry  U.S. stocks rose on Wednesday after a report showed new home sales grew unexpectedly last month, but a storm brewing in the Caribbean pushed oil prices higher and kept investors

May 9th, 2008

Seeking a workout? Be patient

If there’s a lesson for homeowners trying to avoid foreclosure, it is this: Be patient, don’t take mortgage servicers’ actions personally, and be ready to send paperwork multiple times.

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