The Beehive State of Utah still remains one of the top states experiencing many foreclosures within the Unites States, according to recent reports. The Midyear 2011 Foreclosure Market Report from Realty Trac places Utah as the fourth highest rate of filings in the Nation. The first three include Nevada, California, and Arizona. For the first [...]

When the foreclosure crisis first came to light the government attempted to provide relief to struggling homeowners. The programs designed to bail people out, HAMP, HARP and Hope for Homeowners have helped some people but in large they have failed. The outcome of the housing crisis is that more homeowners in America are losing their [...]

CBS News recently aired a report that reviewed loan modification scams and the increase in activity by con-artists.  Many homeowners have been hurt by changes in the economy with over 1 million homeowners experiencing foreclosure. The report mentioned that more than 10 million homes in the United States may be considered underwater properties; homes in which homeowners [...]

Homeowners may experience changes to their finances that affect whether they can make mortgage payments after a loan modification.  Some homeowners in this situation may find it challenging to determine a solution if their lender isn't willing to work with them, especially if foreclosure is looming. While many try to avoid filing for bankruptcy, this [...]

Getting a loan modification while you are struggling to pay debt can be a major concern for homeowners.  Some people even accumulate additional debt while trying to save their home or prevent foreclosure.  This may happen when a homeowner uses their credit cards to make mortgage payments or skips making payments on other obligations.  Bankruptcy [...]

HAMP is usually the first stop for homeowners trying to save their home.  They fill out a ton of paperwork and then wait - and wait -- for a response from the lender.  The lucky ones are told right off that they don't qualify for a mortgage modification under HAMP; but other unfortunate homeowners go [...]

More than 4 million borrowers who faced foreclosure between January 1, 2009 and December 31, 2010 may have a chance to have their foreclosure reviewed by an independent body. The reviews stem from a deal forged earlier this year in which 14 servicers agreed to hire independent consultants to evaluate whether borrowers suffered financial injury during [...]

The nation is at a crossroads, 6 million Americans have already lost their homes and another 3.5 million are in the foreclosure pipeline.  Currently programs are failing homeowners abysmally and as the housing market continues to suffer from devaluation, more Americans fall underwater on their mortgages. In 2009, legislation to reform bankruptcy laws making it [...]

HARP Loans and Bankruptcy The federal government is at again - they're taking another stab at the housing crisis. The Federal Housing Finance Agency is working with the Obama administration to save up to 1 million homeowners in underwater properties. The agency is aiming to revamp Home Affordable Refinance Program (HARP) to give underwater homeowners [...]

In the world of bankruptcy news, mortgage modifications might seem like a great way to avoid filing for bankruptcy. The idea seemed like a genius one: offer struggling homeowners the chance to take advantage of lower monthly mortgage payments in order to keep their homes and avoid bankruptcy.  With foreclosures on the rise more than [...]