The Better Business Bureau reports that foreclosure prevention is another of the top ten scams of 2009
There are many companies making many claims about helping you prevent foreclosure on your home. No matter how good …
By one expert’s estimate 5.3 million US homes have a mortgage that is more than 20% higher than their home’s value and 2.2 million of those are “under water” by more than 50%. It is …
The headline in the Wall Street Journal said “flippers make a comeback.” The story told of people going to foreclosure auctions to buy and quickly resell houses at a profit. They can do this because …
As the Wall Street Journal Reports, nearly one in four (23%) homes now have mortgages that exceed the value of their houses. They are “under water.” Of the 10 million-plus homes that are in this …
The same people who sold you a subprime mortgage you couldn’t afford are now calling many homeowners threatened with foreclosure to make an offer they can’t refuse. They tell homeowners that they have bought the …
The administration has announced that its Making Home Affordable program, its major attempt to prevent wholesale foreclosures, has signed up almost 20% of those eligible. 650,000 borrowers have started a “trial loan modification” as part …
Fannie Mae has just announced a “deed for lease” program that will allow people who have been unable to arrange a mortgage modification that works, to if they wish, turn over their deed for a …
Foreclosure prevention help site. Be careful.
I read in Wall Street Journal about a single form that one could use to apply for foreclosure prevention that was supposed to be available at a government site called …
The elephant in the living room of this recession is the huge number of mortgages that are in trouble — or going to be in trouble – because of increased interest rates, layoffs, and other …
As I wrote in my last BLOG entry, the new administration foreclosure prevention program encourages lenders to reduce mortgage principle by up to 30% (called a “cram down”) in order to bring payments down to …