The much anticipated mortgage settlement brought some big news a few weeks ago when details were released. Some were pleased to find out there was a plan for a $26 billion payout for unlawful foreclosures and stubborn lending practices. However, critics soon surfaced pointing out many disappointing flaws inside the program’s details. Now there is  … Read more

The Federal Trade Commission has had its hands full over the last several years working to bump up consumer protection and investigate thousands of mortgage relief fraud claims. After much attention came to light of foreclosure alternative scams and fraudulent lending practices, the FTC has been busy resolving the issues that have surfaced. As a  … Read more

With nearly one in four homes threatened by mortgage debt in the United States, one young boy took the threat of foreclosure head on. A 12 year old Wisconsin boy made national news this week when he raised enough money to prevent his grandmother’s home from being taken in foreclosure. Big Dreams Come True Noah  … Read more

Last week, states were given a tight deadline to either accept or reject the terms of the outlined foreclosure deal settled as the result of a lengthy legal battle. Each of the 50 states participated in the investigation of mortgage fraud and unlawful foreclosure practices, and each were given the chance to accept the terms  … Read more

With the recent news reports surrounding the President’s plan to end the foreclosure crisis, there is some confusion over the different programs available for homeowners. In general, there are two programs that have received a lot of attention that people often  mistake for one another. MHA The Making Home Affordable Program (MHA) is the comprehensive  … Read more

As the foreclosure crisis has surged over the last few years more homeowners have found themselves underwater in debt. With little room for financial resolution many have lost their homes to foreclosure. To make matters worse, some lenders have recently been discovered to be stubborn in their mortgage debt negotiations or even unlawfully foreclosing on  … Read more

Debt settlement and credit negotiations are two ways debtors seek debt resolution, but neither of these ways protects them from harassing debt collectors. When a bankruptcy isn’t right for a particular debtor, what options do they  have to be free from nagging phone calls and endless text or email messages? Taking Back Control Until now,  … Read more

After months of closed-door meetings and much debate about the mortgage crisis, the Obama administration has admitted the need for more aggressive efforts. Having implemented a few programs aimed at helping homeowners secure loan modification or refinancing options, the government is now admitting these efforts were disappointing at best. Back To The Drawing Board Besides  … Read more

Although Freddie Mac and Fannie Mae have been at the forefront of negative mortgage lending news in recent months, efforts are being made to turn over a new leaf. Freddie announced an extension of their forbearance agreement program, aimed at helping jobless homeowners avoid foreclosure. A Short Break Good news is on the way for  … Read more

Despite the obvious drawbacks of foreclosures and the huge waves of devastation many families have suffered at their hands, it appears there may be a small silver lining to the crisis. Charities are beginning to report an increase in donated homes coming from foreclosures. Good For Some USA Today reported that Bank of America donated  … Read more