Mortgage Debt Relief Extended Through 2013
Well, the fiscal cliff was averted at the 11th hour, though there are already rumblings of more cliffs to come. I guess things are going… Read More »Mortgage Debt Relief Extended Through 2013
Foreclosure
Foreclosure isn’t a good thing, but knowing more about how it works and the alternatives to it can be useful.
I wrote quite a few posts about foreclosures back in the early 2000s when it was common to walk away or lose your home.
But since that time, foreclosure has become a lot more rare. This is great news obviously, with the typical homeowner in a much better position today.
You can thank rising home prices, lower-risk mortgages, and ultra-low mortgage rates for that.
However, there will always be cases when foreclosure takes place.
Aside from the posts below, you can read more about the foreclosure process and how to keep your home if you’re at risk of losing it.
Some foreclosure alternative include short sales and deed-in-lieu of foreclosure.
Zillow Now Offers Pre-Foreclosure and Foreclosure Listings for Free
If you want to snag a foreclosure property on the cheap, take a look at the new improved Zillow. The real estate listing company announced… Read More »Zillow Now Offers Pre-Foreclosure and Foreclosure Listings for Free
Did Bank of America Offer to Pay Off Your Second Mortgage?
Are you one of the “lucky” ones? Bank of America announced late Friday that it is in the process of mailing roughly 150,000 letters to… Read More »Did Bank of America Offer to Pay Off Your Second Mortgage?
Introducing HAFA II: A Quicker Short Sale Process
The Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, has released details of a new program to expedite short sales. The program… Read More »Introducing HAFA II: A Quicker Short Sale Process
FHFA: No Principal Forgiveness for You!
The Federal Housing Finance Agency (FHFA), which oversees Fannie Mae and Freddie Mac, concluded today that principal forgiveness is not the best approach to help… Read More »FHFA: No Principal Forgiveness for You!
Bank of America Ramps Up Principal Reductions
It took a while, but Bank of America announced today that it intends to mail out principal reduction offers to some 200,000 homeowners. The first… Read More »Bank of America Ramps Up Principal Reductions
Do I Qualify for the National Mortgage Settlement?
In case you haven’t heard by now, the so-called “National Mortgage Settlement” was finalized today. It’s the largest multi-state settlement since the Tobacco Settlement back… Read More »Do I Qualify for the National Mortgage Settlement?
Why Principal Reductions on Loan Mods Aren’t the Move
Unless you live under a rock, you’ve likely heard stirrings of a mega super duper fantastic solve-all trillion-dollar refinance program in the works to save… Read More »Why Principal Reductions on Loan Mods Aren’t the Move
Can’t Pay Your Mortgage? Turn Your Home Into a Billboard
If you’re having trouble keeping up with mortgage payments, which we know many of you are, there’s a new solution. It might be a little… Read More »Can’t Pay Your Mortgage? Turn Your Home Into a Billboard
Fannie Mae Deed for Lease Program
Mortgage financier Fannie Mae has unveiled a new foreclosure prevention tool called the “Deed for Lease Program,” which helps struggling borrowers stay in their homes.… Read More »Fannie Mae Deed for Lease Program