Interest rates have continued to remain low for the last year or more. As more people begin to take a proactive approach to their mortgages and lenders become more flexible in lending, refinancing offers have skyrocketed. Does this increase in refinancing offers mean now is a good time to refinance? The Answer It depends. Refinancing  … Read more

Mortgage and foreclosure fraud schemes have been lurking around for a while now. As the Federal Trade Commission works to investigate thousands of consumer complaints each month, other agencies have stepped into help police such scams. A recent investigation in Gainesville, VA lead to the conviction of five people, who all face possible jail time  … Read more

Home buying has been on the back burner for the last few years, as the mortgage debt mess has kept many people afraid of the process. With mortgages running high levels of risk, some people simply haven’t had the ability or desire to buy in this market. Recently, the foreclosure crisis is coming to an  … Read more

It hasn’t been long since lenders have become more open to the idea of short sales as a foreclosure alternative. Once thought to be more problematic for both lender and homeowner, they weren’t easily considered in years past. Now that lenders can recoup more of their loan and minimize risk in a short sale over  … Read more

One thing the real estate industry has been lacking in recent years is buyers. Although technically considered a “buyers market”, the interest in mortgages has been quite low since the foreclosure crisis struck a few years ago. Now that efforts have been made towards reducing foreclosures and improving the loan modification process, more homeowners aren’t  … Read more

The last few years have been quite rough on homeowners, lenders and the overall housing market. Now that the foreclosure crisis has begun to slow down, many have begun to experience some hope for industry recovery. Further reports this week bring good news as the rate of mortgage delinquencies are now the lowest they have  … Read more

Foreclosure, the “F” word is every homeowners nightmare. Falling behind on payments can happen quickly when economic pressure arises and financial hardship strikes, leaving your home vulnerable to the hands of the bank. Even worse is that, depending on your state of residence, you could have less than 30 days notification of your impending foreclosure.  … Read more

It is estimated that 60 percent of homes in America are “underwater”, or hold mortgage loans that are more than what the home is worth. While having an underwater home is not a desired position to be in, it generally isn’t a problem unless payments are missed or the home becomes at risk of foreclosure.  … Read more

Now that mortgage interest rates have hit historic lows, the consumer interest in refinancing offers has peaked. Despite all the trouble with the foreclosure crisis, many homeowners are surviving and have yet to experience any threat by way of mortgage debt. As a result, more borrowers are becoming interested in refinancing as a solution to  … Read more

Obtaining a mortgage may seem like a scary thought in today’s market, but there are plenty of great deals to be found for the right buyer. With a stock of foreclosures and short sales on the market, getting a great house for cheap is more possible than ever before. However, there is much to be  … Read more