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How can I avoid mortgage foreclosure?

Mortgage foreclosure can occur if homeowners, who have taken a VA, conventional loan, or an FHA insured loan, default on the mortgage payments. Foreclosure can lead to the lender gaining possession of a borrower’s home. If the value of the home is less than the mortgage ... Read More ›

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Can I contact the REO department of the bank I sent my offer to?

I had this question asked of me the other day and thought I would pass the answer on to you. The answer is No, you cannot directly contact the REO department of the bank. They hire asset manager companies to handle the foreclosures and these are the people the ... Read More ›