Loan modification is often the last hope for a homeowner looking to avoid foreclosure and save their home. Preparing for the process ahead of time by getting familiar with what to expect may help...
In real estate terms, an underwater home rarely means it's actually under water. Today a lot of homeowners are finding themselves underwater with their mortgage, meaning that they owe more on their current home...
The Wall Street Journal (WSJ) recently did a report about interest rates in the housing market. Many homeowners have been reluctant to get refinancing but new data suggests this may be a good time to look...
The Treasury Department has just announced a set of new rules for the twenty largest servicers participating in any type of mortgage modification program including HAMP , the Home Affordable Foreclosure Alternatives Program, and...
Despite pressure from community leaders around the country the payday lending industry insists that not only is it a needed short term loan resource, it is actually beneficial to the demographic it serves. The...
If you're considering bankruptcy, there are a few things you need to know: If you file bankruptcy during a trial mortgage modification your mortgage may revert to its original terms. This is not to...
The Texas-based EMC Mortgage Corporation is facing a class-action lawsuit accusing them of deceptive practices, illegal fees and manipulation that ultimately forced homeonwers to lose their homes in foreclosure . The lawsuit filed on...
