Homeowners may soon find some more confidence in lending and mortgage debt solution practices as a recent report stated that foreclosure alternatives are on the rise. Short sales transactions have surpassed foreclosure numbers for the first time in many years. Changing Tides According to the latest data, the number of U.S. homes sold in short  … Read more

After much discussion about the effectiveness of the government’s previous refinancing initiative, the Home Affordable Refinance Program has been revamped to reach more homeowners at risk of foreclosure. Now that the HARP 2.0 has been released, more states are reporting an increase in interest of the program.   Supporting Underwater Mortgages HARP is a government  … Read more

Mortgage debt, underwater homes and foreclosures are a huge problem in the housing market today. Loan modifications and short sale options haven’t been the most popular with lenders, leaving many people stuck in a home they can’t afford. With options limited for some homeowners, a new program could just be the answer. Owning To Rent  … Read more

As if all the trouble with unlawful foreclosures and mortgage debt relief scams haven’t caused enough trouble, a new scam is brewing taking advantage of those who already suffered at the hands of lenders or third parties. As the $25 billion mortgage settlement scam is just gearing up for distributing funds and  making amends, scam  … Read more

While the Department of Housing and Urban Development (HUD) is certainly no stranger to the mortgage lending crisis, they have begun taking on new tasks in effort to help bring a sense of closure. HUD has been involved in investigations of wrongdoing and increased regulation practices in recent months. Taking Action HUD investigators are reporting  … Read more

The last few weeks have been a roller coaster of information related to the foreclosure fraud and mortgage settlement deal. Originally thought to be a massive $25 billion payout for victims, we soon learned that only $5 billion of the funds were actually earmarked for restitution payments. Now more information is coming forward regarding whether  … Read more

As one of the hardest hit states by the foreclosure crisis, Nevada has had to up their efforts to protect homeowners and help spur recovery in the market. After several lawsuits were filed a few months ago, the cases have been tossed around between the courts. Keeping It Local Currently in the middle of several  … Read more

Mortgage fraud and foreclosure scam issues have been top news for quite some time, but recent statistics reveal how deep the problem really goes. The FBI has taken part in the investigation and prosecution of mortgage fraud cases, highlighting the serious nature of such problems. Shocking Statistics Strict lending requirements, sinking home values and a  … Read more

Once playing for one of the most notable teams in the league, Dallas Cowboys, Owens has found himself without the luxuries the NFL has to offer. Having once earned $80 million in his football career, the former star is playing for a minor league team and fighting to keep two of his Dallas properties out  … Read more

Faulty loan modification and foreclosure efforts, and fraudulent debt settlement services have plagued the nation in recent years.  However, this week marks good news for those who fell victim to several mortgage relief and debt resolution scammers. Having caused consumer losses near $40 million, The Federal Trade Commission has announced steep penalties for several companies.  … Read more