How to modify your mortgage to prevent foreclosure.
We been following the ups and downs of the foreclosure prevention business for some time now. See other entries under the Foreclosure category.
Right now (February 2009) the situation …
No Money Down mortgages still available
We have reported before on the FHA (Federal Housing Administration) program which allows you to get government insured mortgages with as little as 3.5% down. There is an even …
A “short sale” may (finally) be a feasible way out.
Noticing that very few “short sales” have been going through, Fannie Mae has initiated a new, experimental program to make them much easier to execute: Pre-approval of the price.
The idea of a “short sale” …
Foreclosure Prevention may be moving to bankruptcy court.
The Wall Street Journal Reports that Citigroup, having taken billions of bailout dollars, may be ready to lead a 180-degree turnaround in lenders’ objections to letting bankruptcy judges do mortgage “cram downs.” If these negotiations …