Mortgage Resolution (Litigation)

Mortgage Resolution (Litigation)

Definition: Mortgage Resolution, also commonly referred to as Mortgage Litigation is the examination of loan documents for the prevalence of fraud in the origination or implementation of the loan. Legal recourse is then sought against the lender based on the findings. It is not a loan modification and the results are typically a lot more impressive. The legal recourse that can be sought is a...

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Identity Theft Statistics

Identity Theft Statistics

Identity theft is becoming one of the fastest growing crimes in the United States.  Arizona is the highest ranked state in identity theft at 142 victims per 100,000 people.  Arizona, California, Texas and Florida are always at the top due to having a large amount of people entering the country illegally needing new identities. With advent of advancing mobile technology and the internet, both...

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Unsecured Debt Poll

Unsecured Debt Poll

Please take a moment to respond to our poll concerning the amount of unsecured debt for American households.  Even if you are simply here browsing our site, your response will help us deliver better quality content for our customers.  Your privacy is critical to us and your answer will remain anonymous.  Our aim is to get as accurate information as possible so please be honest in your...

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Collections and Telephone Calls

Collections and Telephone Calls

Consumers have multiple laws at their disposal regarding their credit reports and debt collection. One of the most important laws regarding collection agencies and the collection of debt is the Fair Debt Collection Practices Act (FDCPA). This law provides behavioral standards for acceptable third-party collections. According to this law, at all times, debt collection agencies must treat the...

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How Do Events Impact Your Credit Score?

How Do Events Impact Your Credit Score?

So how does foreclosure impact your credit score?  What about other damaging item like Bankruptcy? Until recently the credit agencies have been very secretive about what will happen to your FICO score after you start to fall behind on your payments. Just recently Fair Isaac, which is the company that developed FICO scores, has come out with some estimates (averages) on how your credit score will...

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Fair Debt Collection

Fair Debt Collection

Against the backdrop of the recent recession, many people, through no fault of their own, are finding themselves in situations where they cannot afford to pay their bills. This all-too-familiar scenario has created a surge in consumer collection accounts as well as a rising number of complaints about overly aggressive bill collectors and their abusive tactics. In March of 2011, the Federal Trade...

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