Archive for Homeowners

Oklahoma Tornado Survivors Face Unexpected Challenge: Planning to Spend Insurance Money Wisely

Oklahomans have seen more than their share of tornadoes.  Most tornadoes, however, affect far fewer people than the May 2013 twisters, and cause much less damage.  The May 20th twister destroyed 1,200 homes and damaged more than 12,000 homes and buildings.  Damage estimates are topping $2 Billion dollars.  Insurance companies are covering much of those financial

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Recent Changes in Reverse Mortgage Options

Seniors who are “house rich, cash poor” may be lured in by television ads promising to give you cash for the equity in your home.  They make it sound so easy and they make it sound as though there are no strings attached.  While it is true Home Equity Conversion Mortgages (HECMs) are backed by

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When Times Are Tough Beware of Scams Series – Part 1

CCCSOK.org publishes a series exposing the facts and fallacies of scammers and illegitimate business operations. Subscribe here for empowering information that will help keep you and those you love from becoming victims. In this series on our blog, we will cover the following scams: Mortgage and foreclosure prevention scams Debt Settlement scams Work from home

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When Can I Buy Again After Foreclosure?

We occasionally have questions from people in the community who are having housing issues, ask whether they will ever be able to buy a house again if their existing property is lost in foreclosure. Here is some information that I hope will help you answer their questions. Mortgage giants Fannie Mae and Freddie Mac make

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Outlining the Foreclosure Process in Oklahoma

Oklahoma is a state where foreclosure is typically conducted through the court system.  That means Oklahoma is a “judicial state,” (as opposed to some states where no court proceedings are held.  Those states are considered “non-judicial” states). A judicial foreclosure requires the lender to first file and win a lawsuit. That gives the lender the

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Bank of America Holds Mortgage Advisory Event – CCCS Counselors On Hand to Help

Bank of America held an event in Oklahoma City to help their clients who are delinquent on their mortgages. Two of our counselors: Chris Poole and Tressa Brooker were on hand to help advise clients dealing with their delinquent mortgage. Tressa Brooker was interviewed by NewsOK.com http://newsok.com/bank-of-america-holds-mortgage-advising-event-in-oklahoma-city/article/3695799

Help and the unopened envelope

Right now many people are struggling to keep a roof over their heads. Our nation has seen an unprecedented number of home foreclosures. For many of those people help may be sitting in an unopened envelope. Recently Bank of America held an event in Lawton Oklahoma and CCCS of Central Oklahoma was proud to be

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