Recent content by Tommy T

PA foreclosure process Pennsylvania Foreclosure Sale Date: Sales may be postponed once and rescheduled within the next 100-day period. Any other postponements require a Court order. Bidding instructions are required for all loans. Payment of all settlement charges must be made to the...

Have you ever received a notice that your mortgage note has been sold to another lender? Happens all the time. This time, you have a chance to be the lender that buys a note. You won't be "paying it off" if you purchase it from the lender (via an assignment), you will then become the...

While the bank is required to notify all parties with any interest of record about their foreclosure, they cannot legally discuss this loan with you under privacy law, other than such information they make public through the foreclosure process, since you are not the borrower. They cannot...

Have to agree with seniorjudge, the way whoosh153 describes this, it sounds like there could be shady and risky elements, indeed possibly elevating it to the "scheme" level. Maybe seniorjudge or another reader could detail all the shady and risky ways this might be done, so everyone will know...

Don't try this at home, kids... This is done all the time, you are describing buying a property "subject-to" the existing financing. It works well for certain situations, not all the time. And yes, you would be in title, but this isn't a technique you can do without a full understanding of...

Keep your eye on those weasels! Interesting posts. I know a nice responsible lady who lost her high-paying job last year due to downsizing. She could not find a new job that would pay her enough to keep up her house payments. After exhausting her savings and 401k trying to keep her mortgage...