Image by woodleywonderworks via Flickr With mortgage rates hitting historic lows, more and more homeowners are choosing to refinance. This practice saves most people thousands of dollars over the life of their mortgage and can mean lower payments as well. People used to review countless Yellow Page listings, looking for a bank that was offering [...]
Are Servicers Forgoing Loan Modifications for Foreclosure for Profits?
Image by respres via Flickr A recent report “Why Servicers Foreclose, When They Should Modify, and Other Puzzles of Servicer Behavior,” from the National Consumer Law Center (NCLC) seems to indicate that another record month of foreclosures is the result of servicers taking the more profitable road. This report makes the case that foreclosing on [...]
5 Ways to Increase Your Customer Referrals
Image via Wikipedia There is nothing better than building a steady pipeline of customer referrals to subsidize your marketing. Granted in the business of debt and mortgage you are unlikely to develop this into your primary marking channel, but it can be a powerful one. First, let’s take a look at why you would want [...]
Debt Settlement Gone Horribly Wrong (for the Consumer)
Image via Wikipedia Texas Attorney General Greg Abbott is pursuing Debt Relief USA, who is currently in bankruptcy with $4.6 million in withheld debt relief promised to clients. The press release from the Texas AG cites 2,500 debt customers as victims. There are some definite lessons to learn in this statement to keep your debt [...]







