Finding an adequate solution for mortgage debt can be difficult. Since everyone’s financial situation is unique to them, no two options are equally viable for anyone. The best way to pursue mortgage relief is to know which steps to take first. Avoid Foreclosure – while this seems like the obvious reason for finding mortgage relief,  … Read more

The mortgage lending industry has struggled to retain profitability throughout the foreclosure crisis. Although their role in the overall problem has lead to serious consequences for homeowners, most of it was driven by simple business strategy. After much criticism, and some convictions for fraudulent practices, many lenders are beginning to open up to alternative solutions  … Read more

The mortgage debt crisis has sparked much debate among policy makers. While the government is working to slow down and even reverse the effects of the foreclosure epidemic, many are bringing forth ideas intended to produce change. One idea receiving heavy attention is that of mortgage principal write downs. Help For Sinking Mortgages With a  … Read more

Applying for a mortgage is no small task. Besides individual differences in an applicant’s qualifications, there are differences in how lenders consider income. Lending giants Freddie Mac and Fannie Mae impose their guidelines on income interpretation and what is considered to qualify on smaller lenders, but even these lenders vary among their application of these  … Read more

The expiration of the current tax bill allowing homeowners to skip tax consequences of short sales and foreclosures is a pressing matter in the White House these days. Some are for the renewal of the tax bill allowing for more homeowners to benefit while helping continue real estate recovery, while others are strictly opposed to  … Read more

Contrary to popular assumption, getting a mortgage after a bankruptcy is not impossible. While you may not obtain the best loan terms you will still be eligible to borrow  for a mortgage. The trick is finding the right lender who can offer the best loan for your situation. Getting It Right Before you run out  … Read more

Mortgage debts are difficult enough, but facing the numerous options available to help alleviate the financial stress can prove to be overwhelming. While loan modifications and refinancing are two options that are well known, a lesser known option could be the better solution. A Hidden Helper Forbearance agreements are not well known in the mortgage  … Read more

Mortgage debts are one of the most tricky types of debt to resolve when finances become tight. Being a secured debt the risk of foreclosure is high if debts are not repaid. Refinancing may not be an option if the homeowner is already in default and loan modifications can be hard to come by. When  … Read more

While it is still too early to make any bold claims or big predictions, there is some indication that the housing and mortgage industries may be headed for a recovery. There are still many problems that need to be resolved and we aren’t out of the woods just yet, but some signs point towards reasons  … Read more

After the announcement last week of the first ever joint state-federal mortgage settlement, some states have been given a larger share of the settlement. Out of the $25 billion settlement proposal states such as New York will stand to gain one of the largest percentages of the payout. Another Settlement Agreement New York Attorney General  … Read more