Question/Situation:
We started a new construction, but contractor used all money without finishing. We don’t have funds to finish project. While we have been trying to sell the project, but as of now there are no takers. And on top of that we are deliquent over 1 year.
Continue reading Executing a deed in leu of foreclosure

An industry report shows that a record 12 percent of homeowners with a mortgage are behind on their payments or in foreclosure as the housing crisis spreads to borrowers with good credit. Continue reading Mortgage Delinquencies Up – May 30, 2009