In an effort to better educate consumers about the options available to help prevent foreclosure and resolve mortgage debt, the U.S. Department of Housing and Urban Development has launched a new campaign. The National Mortgage Settlement outreach project is designed to be a one-stop shop for anyone suffering with mortgage debt and offers a brochure  … Read more

Foreclosure. It is a word that strikes fear in the heart of every homeowner. While some people are not able to escape the unfortunate reality of losing their home to mortgage debt troubles, it doesn’t always have to end in foreclosure. It’s Not Just Giving Up A deed in lieu of foreclosure essentially means you  … Read more

Tax debt is one of the most stressful types of debt for many Americans, second only to medical debt. While owing the IRS money can be serious business, it doesn’t have to be difficult to resolve. In fact, there are several ways to enter debt negotiations with the IRS and obtain a favorable outcome. Simple  … Read more

Today’s home prices are a far cry from what they were just a few short years ago. A foreclosure saturated market and increase in short sales has brought the average home price down in many markets. However, some previously distressed markets are beginning to report an increase in home values. Hope Street A recent report  … Read more

Once again we are revisiting the issues of mortgage debt, but not just in terms of the risk of foreclosure. Mortgage debt can sneak up on anyone, especially those buying a home. Not only are some states more costly in terms of closing, but they risk of foreclosure is higher in markets where getting little  … Read more

It seems like every week something new is revealed about the current housing market. Some experts suggest that we are headed towards a recovery, while others aren’t as optimistic. So what can we expect for the remaining half of this year? The Ups and Downs Unfortunately, we don’t have a crystal ball so no one  … Read more

While many of us are off playing in the sun, some families are facing tough times fighting off foreclosure through short sales. A recent review of real estate statistics predicts that short sales may peak to all time highs this summer, particularly in harder hit areas like Nevada, California and Florida. Seasonal Spike One reason  … Read more

The Home Affordable Refinance Program was designed to help homeowners avoid foreclosure and find a solution to their mortgage debt problems. While the program has gained quite a bit of popularity in recent months, it is important to point out that not all mortgages are eligible to receive help. Qualifications HARP was not designed for  … Read more

Last week, news broke about several big credit card companies who have been ordered to pay restitution to many customers for charging outlandish fees. Visa and MasterCard are currently involved in a $7.3 billion settlement, while Chase and a few others are involved in a $100 million settlement. While some consumers are aware of the  … Read more

Massachusetts residents struggling with mortgage debt and at the risk of foreclosure may soon find some peace of mind under a new House Bill. Last, week legislature attendees voted unanimously in favor of House Bill 4323, designed to prevent unlawful foreclosures. All In Favor? Both the Massachusetts House and Senate voted all in favor of  … Read more