There is a way to take advantage of your mortgage lender’s incompetence and inefficiency.  All you have to do is decide that you are willing to let your lender foreclose on your house, …

One of the constant complaints from borrowers with mortgage issues is that the lenders will not negotiate with them in any reasonable way.  They stall and ignore, and demand more and more copies …

The administration’s mortgage modification program is a little over one-year old.  It has helped roughly 228,000 people get five-year reductions in mortgage payments, and another 781,000 are in the trial period.  The …

Lenders are forcing foreclosures rather than making principle reductions:

Congressman Barney Frank, Chair of the House Financial Services Committee has argued quite persuasively that the only way we are going to end the problem …

A “short sale” occurs when the homeowner sells their home at current market value and the lender agrees to accept that amount in full payment of a home mortgage that is typically much …

If you cut through all the complicated qualifications and regulations for the administration’s mortgage modification and foreclosure prevention programs, there is one number at the center of everything.  If you understand this …

Since the beginning of this housing crisis many observers have argued that it will never be solved until lenders were willing — or were forced — to “cram down” the principle on the mortgages to …

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 …