There are numerous reasons that people end up in mortgage debt. Job loss, medical illness, divorce or simply failing to plan a mortgage correctly can all lead to problems with maintaining a mortgage payment. Avoiding foreclosure isn’t as difficult as you may think and could be prevented by a little planning. Preparation and Planning When  … Read more

Homeowners aren’t the only ones threatened by mortgage debt these days. Commercial property owners have found themselves upside down on properties with sinking values and vacant from renters. However, the U.S. Small Business Administration has refinancing program to help commercial property loan holders lower their payments and avoid foreclosure. Help For Businesses The government has  … Read more

Debt negotiation is one tool for getting out of debt that many people have considered at one time or another. The biggest problem with pursuing a debt negotiation is not knowing the benefits and risks of the situation. Before entering into a negotiation over your debt, understand that there are some good and bad aspects  … Read more

The mortgage industry is a bit bleak at the moment and the need for change is obvious. Despite differing opinions as to how the market is best served for recovery, we can all agree that recovery is going to take time and a coordinated effort among many. A Glimmer Of Hope Some say the worst  … Read more

When we think of all the damage done by the mortgage crisis and foreclosure troubles, we focus on the homeowner and how it has affected so many families. At times, we may allow our thoughts to drift to the lender and how the mortgage mess affects them and, ultimately, comes back to impact the borrowers.  … Read more

Loan modification help has been difficult to come by for many homeowners in recent years. In efforts to combat stubborn lending practices and help homeowners avoid foreclosure, the government launched the Home Affordable Modification Program (HAMP) in 2009. Since its launch the program has helped thousands of distressed families, but is facing criticism over failing  … Read more

For homeowners at risk of foreclosure, the increasing number of short sales comes as a sign that lenders may be opening up the options. However, market analysts are concerned that the growing number of short sales could have devastating effects on the market for years to come. Conflicting Feelings Short sales are becoming more popular  … Read more

Loan modifications are a great tool for resolving mortgage debt and avoiding foreclosure, but they aren’t as easy as you may think. In fact, there is much to learn about mortgage modifications before ever requesting one with your lender. Modification Options A loan modification can lower the monthly payment in several ways. First, lenders may  … Read more

Homeowners can be devastated by a foreclosure, but renters often have it worse when a property enters foreclosure. The effects go far beyond simply being evicted and many renters have had a tough go of finding adequate housing when the property they rent ends up in the hands of the bank. Eviction Notice Depending on  … Read more

Anyone who has entered debt negotiation with a creditor knows how tedious the process can be. Between stubborn creditors and bills piling up, many people give up on the debt negotiation process and never get the relief they need. Having representation on your side is one way to beat this obstacle and maximize your chances  … Read more