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
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.
How Long After Foreclosure Can I Purchase a Home? Waiting Periods By Loan Type
Timely mortgage Q&A: “How long after foreclosure can I purchase a home?” If you’ve recently experienced foreclosure, you may be wondering when you’ll be able… Read More »How Long After Foreclosure Can I Purchase a Home? Waiting Periods By Loan Type
How Long Does a Foreclosure Stay on Your Credit Report?
More mortgage crisis Q&A: “How long does a foreclosure stay on your credit report?” With all the foreclosures sprouting up, struggling homeowners that are either… Read More »How Long Does a Foreclosure Stay on Your Credit Report?
Home Price Depreciation Leading Cause of Mortgage Default
A report released by the Boston Fed last week found that home price depreciation is a leading cause of mortgage default, challenging common arguments that… Read More »Home Price Depreciation Leading Cause of Mortgage Default