With the recent problems in the housing market, many homeowners have found themselves with underwater mortgages, a term relatively foreign to most until recently.  An underwater mortgage is simply a situation in which a homeowner owes more than the market value of the property.  Underwater mortgages can cause financial strain and devalue the most valuable  … Read more

Mortgage relief options are available, but many people are unable to secure the help they need. Although the stubbornness of lenders was once to blame efforts have been made to open up lending practices and better assist homeowners. So why are so many people going without help and ending up in foreclosure? Vigilant Action One  … Read more

Home buying has been on the back burner for the last few years, as the mortgage debt mess has kept many people afraid of the process. With mortgages running high levels of risk, some people simply haven’t had the ability or desire to buy in this market. Recently, the foreclosure crisis is coming to an  … Read more

One thing the real estate industry has been lacking in recent years is buyers. Although technically considered a “buyers market”, the interest in mortgages has been quite low since the foreclosure crisis struck a few years ago. Now that efforts have been made towards reducing foreclosures and improving the loan modification process, more homeowners aren’t  … Read more

The last few years have been quite rough on homeowners, lenders and the overall housing market. Now that the foreclosure crisis has begun to slow down, many have begun to experience some hope for industry recovery. Further reports this week bring good news as the rate of mortgage delinquencies are now the lowest they have  … Read more

It is estimated that 60 percent of homes in America are “underwater”, or hold mortgage loans that are more than what the home is worth. While having an underwater home is not a desired position to be in, it generally isn’t a problem unless payments are missed or the home becomes at risk of foreclosure.  … Read more

Obtaining a mortgage may seem like a scary thought in today’s market, but there are plenty of great deals to be found for the right buyer. With a stock of foreclosures and short sales on the market, getting a great house for cheap is more possible than ever before. However, there is much to be  … Read more

In today’s economy, many people are considering second or third mortgages on their home. This can be risky and generally not advised for anyone who intends to use the money from the additional loans to float the payments on their original loan. Further problems arise if the original loan was to enter default and foreclosure  … Read more

Lending giants Fannie Mae and Freddie Mac have had their fair share of the spotlight in recent months. As the mortgage crisis struck in 2008, both of these companies took a huge hit profitability. When the foreclosure crisis began to stir up more trouble the fate of these companies became unclear. First Quarter Profit Fannie  … Read more

There are numerous reasons that people end up in mortgage debt. Job loss, medical illness, divorce or simply failing to plan a mortgage correctly can all lead to problems with maintaining a mortgage payment. Avoiding foreclosure isn’t as difficult as you may think and could be prevented by a little planning. Preparation and Planning When  … Read more