As the number of Americans facing foreclosure of their homes, manycould be saved if only they understood the processs more. Here are some tips to protect your home.
1. Don’t ignore your mortgage problem – If you are unable to pay your mortage, dont hide from your lender. Call them and try to work [...]

According to Mortgage Bankers Association, over the past two years, 1 in 6 homes in the US have experienced mortgage distress as a result of the nation’s economic crisis, which was spurned by the housing market collapse. President Obama’s newly inaugurated administration made the housing crisis a priority and issued a loan modification program [...]

I recently got a call from a friend whose grandparents (80 years old) were placed into an expensive “no documentation” residential mortgage loan that is now foreclosing. The grandparents were seeking cash for medical expenses and didn’t qualify for a loan requiring full documentation of income [...]

Buying a home in this market is a no-brainer to anyone that understands financial literacy. Home values are at an all time low, the inventory of empty homes are higher and mortgage interest rates lower than any other time in recent history. However, since the economy is still in the “red” and news [...]

The Mortgage Bankers Association released data today indicating that over 12% of homeowners are experiencing mortgage delinquency. That statistic translates to 1 in every 8 homeowners are one payment (or more payments) behind on their mortgage loan. Since the incoming executive administration, the government and banks have made efforts to stave off foreclosures, [...]

Today’s real estate market has experienced a plethora of foreclosures and bankruptcies due to several instabilities within the US real estate market. As home values continue to fall and real estate sales slow down, many homeowners are finding themselves owing more than their homes are worth in the declining market. This is often referred to [...]

I recently read an article bashing loan modification companies. The report read that loan modification companies were taking advantage of consumers by completing a financial event that any homeowner could complete and charging extraneous fees for doing so. However, the loan modification process is not as simple a process as it is being [...]

Wednesday, the US senate passed a bill that would make it easier for “risky” credit homeowners to refinance into a lower interest rate mortgage, insured by the government. The measure to allow bankruptcy judge to rewrite the mortgage terms on a primary home for bankruptcy filers failed on a [...]