late payments: Check the Fine Print: Situations That Could Invalidate Your Insurance Coverage
- 02/10/11 02:19 AM
After your home is damaged by severe weather, or after you become sick with a serious illness, the last thing you want to worry about is whether or not your insurance policy will cover your bills. Many people assume that becomes they have insurance, they will be covered 100% of the time. Unfortunately, the devil is in the details. The fine print of your insurance policy could contain stipulations that would invalidate your coverage in the event of an accident. Don't wait until an accident to find out whether you've invalidated your policy. Insurance broker Linda Rey has written an excellent post on … (5 comments)
late payments: How To Avoid Foreclosure After One Missed Mortgage Payment
- 01/24/11 07:28 AM
The number of emails I’ve received from homeowners in distress has increased in the last few weeks. It’s almost as though the Christmas foreclosure freeze has thawed, and lenders are trying to fight through the backload of homeowners who aren’t paying their mortgages. Maybe this is what’s happening. I don’t know.I do know that lenders are on the lookout for borrowers who miss their first payment. It’s well-known in the lending industry that the vast majority of homeowners who miss a single payment, and are late just by 30 days, will figure out a way to catch up on their payments. … (2 comments)
late payments: Delinquent Mortgages On The Rise Despite Obama Legislation
- 08/31/09 04:58 AM
Obama’s Making Home Affordable Mortgage Loan Modification Program is helping some but delinquent mortgages are still on the rise as loan modifications are taking longer to complete. Are mortgage lenders waiting to modify loans even under Obama's Making Home Affordable Loan Modification Plan because they’re hoping the loans will self-cure? Historically, loans that are less than 30 days late will often “self-cure.” That’s the industry jargon term for a homeowner who figures out how to catch up on his or her mortgage payments and start payment them on time each month. In fact, the majority of mortgages that are delinquent even … (3 comments)
After your home is damaged by severe weather, or after you become sick with a serious illness, the last thing you want to worry about is whether or not your insurance policy will cover your bills. Many people assume that becomes they have insurance, they will be covered 100% of the time. 
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