What tricks and traps did the bank slip into your mortgage?
Car rental companies hate me. Whenever I rent a car, before I sign that two-sided, extra-long, faint-colored fine-print contract of theirs, I sit and read it, so I know what I’ve agreed to. Now, I’ve...
View ArticleThe bank can change your locks before foreclosure. (What’s In Your Mortgage?)
Locked out Imagine this: you’re on a two-week vacation. You come back, and find a notice on your door: Entry by unauthorized persons prohibited. Alarmed, you try your key in the lock – it doesn’t fit....
View ArticleNotice of default (What’s in Your Mortgage?)
Your mortgage is a thick, dense, practically unreadable document that dictates many of the terms of the relationship between the borrower and the lender on a typical home loan. The document itself is...
View ArticleMERS (What’s in your mortgage?)
The MERS Conveyance The heart of your mortgage – the most important clause in the entire document – is the “Transfer of Rights in the Property” clause. This is the language that creates the lender’s...
View ArticleWhat tricks and traps did the bank slip into your mortgage?
Car rental companies hate me. Whenever I rent a car, before I sign that two-sided, extra-long, faint-colored fine-print contract of theirs, I sit and read it, so I know what I’ve agreed to. Now, I’ve...
View ArticleThe bank can change your locks before foreclosure. (What’s In Your Mortgage?)
Locked out Imagine this: you’re on a two-week vacation. You come back, and find a notice on your door: Entry by unauthorized persons prohibited. Alarmed, you try your key in the lock – it doesn’t fit....
View ArticleNotice of default (What’s in Your Mortgage?)
Your mortgage is a thick, dense, practically unreadable document that dictates many of the terms of the relationship between the borrower and the lender on a typical home loan. The document itself is...
View ArticleMERS (What’s in your mortgage?)
The MERS Conveyance The heart of your mortgage – the most important clause in the entire document – is the “Transfer of Rights in the Property” clause. This is the language that creates the lender’s...
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