How to modify your mortgage to prevent foreclosure.

By Jack, on January 31st, 2009%

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 looks like this:

The first place to go is [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Foreclosure, Mortgages   , , , ,  

No Money Down mortgages still available

By Jack, on January 28th, 2009%

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 better offer available from the [...]; . . . → Click Here to Read the Full Article

Comments are closed   Foreclosure, Mortgages   , , ,  

A “short sale” may (finally) be a feasible way out.

By Jack, on January 12th, 2009%

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” is [...]; . . . → Click Here to Read the Full Article

Comments are closed   Foreclosure, Mortgages, Regulations   , , , , , ,  

Foreclosure Prevention may be moving to bankruptcy court.

By Jack, on January 8th, 2009%

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 with [...]; . . . → Click Here to Read the Full Article

Comments are closed   Bankruptcy, Foreclosure, Mortgages, Regulations   , , , ,