In efforts to help homeowners suffering with mortgage debt troubles, the government has enacted several programs to reduce the number of families that could face foreclosure. One source of foreclosure help has been in the form of short sales through The Home Affordable Foreclosure Alternatives Program, which has recently been extended another year. Another Chance  … Read more

Mortgage loan interest rates have continued to hover around all time lows for the last year or more. With so many people looking to lower their payments to stay out of mortgage debt, refinancing can be a great solution. In general, there are a few tips for making refinancing successful. The Right Step If you  … Read more

One of the foreclosure options available to anyone facing financial hardship is a deed in lieu of foreclosure. This allows the borrower to relinquish the property to the lender in exchange from being released from the loan debt. Although the borrower does not get to keep the home, they do get spared from a stressful  … Read more

The free annual credit report. You might be surprised to learn that a large percentage of people never even take advantage of this opportunity. Besides being silently unaware of fraud or inaccuracies, not checking your credit report could be holding you back from financial freedom. Keep An Eye Out Many people think their credit report  … Read more

There have been many instances in which families lost their homes through unlawful or wrongful foreclosures. Aside from an already turbulent mortgage lending market due to robo-signing, many lenders are also making costly mistakes. One Oregon woman is nearing the end of a three-year battle with her lender over one such mistake. The Long Road  … Read more

The HARP 2.0 refinance program continues to roll out mortgage debt help for homeowners across the country. Just as some states have been affected by the foreclosure crisis harder than others, some of these same states are now being more successful in terms of the number of HARP mortgages they are closing. Standing Apart Since  … Read more

There has been much attention over the “fiscal cliff” facing the government as the year comes to a close. With so much on the line in the next few weeks many important decisions have to be made regarding a variety of issues, including tax deductions, mortgage debt help, and the nation’s deficit. Finding Stability On  … Read more

The housing market is in a unique position these days. For sellers, times can be tough as many foreclosures and short sales are available, bringing down home prices. For buyers and investors, now is a great time to potentially get a good deal. But, is buying a short sale really worth it? A Great Deal?  … Read more

These days just about everyone has some level of credit debt. While credit debt can be a good thing, there is a fine line between credit boosting debt and credit destroying debt. The one thing about all credit debt is that it is negotiable, and you don’t even have to be suffering a financial hardship  … Read more

As part of the National Mortgage Debt Relief settlement, 5 banks have been busy fulfilling their obligations to affected homeowners. In California alone, nearly $9 billion has already been shelled out to make an impact on a struggling housing market. Interestingly, one particular type of mortgage debt relief is dominating in California. Saving  Sales California  … Read more