It is not uncommon for individuals that have run into financial difficulties to take a second mortgage out on their house to help rectify their financial situation. Quite often this doesn’t work and only prolongs the step of entering into a bankruptcy action as a form of debt relief. In some cases homeowners might be  … Read more

If you are one of the many American homeowners currently faced with an underwater mortgage, you may be wondering what your options are. Talking to a foreclosure attorney is a good first step, as they will be able to guide you to the best solution for your personal needs. Here are a couple of possible  … Read more

Dealing with an underwater mortgage – a mortgage in which you owe more on your loan than your home is currently worth – is an issue that has faced all too many homeowners in recent years. Since the housing market nosedived in 2007, as many as 12 million or more homeowners found themselves at one  … Read more

  The Home Affordable Refinance Program (HARP) has made refinancing your home and escaping crushing mortgage debt an option for many homeowners since 2009. However, there are still plenty of questions many borrowers have when seeking to refinance. These questions concern everything from eligibility to the terms of refinancing. Answers to some common eligibility questions  … Read more

If you are considering loan modification options, you may be wondering whether a loan modification program will affect your credit score. The answer can vary widely based on a number of factors; in general, loan modification does affect credit score, but how and how much is almost entirely based on the individual’s case. How Loan  … Read more

If you are one of the many Americans currently suffering from crushing mortgage payments, you are probably aware that there are loan modification options you can take advantage of. You may or may not also be aware of the various refinancing options available to you. Here are a couple loan modification and refinancing tips to  … Read more

Faced with job loss, unforeseen debts such as medical bills, or another of the financial curveballs that life can throw at you, you may suddenly find your mortgage payments an unbearable burden. Particularly in today’s housing market, where many homes are worth less than the mortgages their owners have taken on, making payments after a  … Read more

Since the housing bubble crash, the number of homeowners who owe more on their mortgages than their home is worth has been steady and alarmingly high. Several programs have been developed to assist those who are suffering from underwater mortgages and other mortgage debt. These days a foreclosure attorney will be able to offer any  … Read more

If you are falling behind on your monthly mortgage payments and are struggling to meet minimums, or if you have already missed payments and are anxiously awaiting a letter from your mortgage servicer, it can be difficult to look at things from your lender’s point of view. Imagine you are the lender facing a non-paying  … Read more

Despite recent headlines hailing the economic recovery, many homeowners are still feeling a financial pinch. In fact, it’s still not uncommon for a homeowner to find that his or her home is underwater. If you’re struggling with an underwater mortgage and are debating between a short sale or foreclosure, it’s important to understand the benefits  … Read more