When it comes to taking out a mortgage loan there are some significant differences between a conventional loan and an FHA insured loan. Generally speaking, FHA loans are easier to obtain than conventional loans. However, the foreclosure troubles have spurred some interesting changes in the mortgage industry, one of which includes making some changes to  … Read more

Many people have lost their homes to foreclosure due to unexpected financial hardships, but there are ways to minimize this risk. Regardless of the reason why you may be at risk of foreclosure, or even if you aren’t, there are always options. Get To Know Your Options If you own a home and are not  … Read more

Now that the 2011 tax season has passed most of us won’t think about taxes again for another 9 months. However, a very important tax bill is set to expire this year that could bring some unwanted changes to the already struggling mortgage industry. Mortgage Debt Forgiveness Act In 2007, the federal government implemented a  … Read more

Now that the government has revamped their Home Affordable Refinance Program to expand its reach to more homeowners, lenders are being encouraged to offer more flexibility in lending. Until now, many lenders have been stubborn about their refinancing offers and many haven’t been willing to participate in programs like HARP. However, one of the lending  … Read more

Debt negotiation is one tool that can be used to find relief from debts. Although not everyone has the time or financial standing appropriate for the process, it is a good starting point for anyone looking to lower their debt payments and find financial relief. Of course, there are plenty of companies offering to negotiate  … Read more

The foreclosure process isn’t easy for anyone involved. The bank loses much of the money they invested in the loan and the homeowner is left without a place to live and damaged credit. Rarely has anyone stopped to consider the impact that a foreclosure has on the children in the evicted family, until now. Impacting  … Read more

California Attorney General, Kamala Harris, has been actively involved in the foreclosure crisis resolution efforts since she took office 16 months ago. After several outspoken speeches and many aggressive attempts to obtain better mortgage debt help for California homeowners, Harris is now lobbying state lawmakers to consider a new bill package. Policy Changes The proposed  … Read more

The foreclosure process is a scary one and one that shouldn’t be braved alone. After all, the bank has many people on their side helping to facilitate the foreclosure process. Why should you face the process alone? Representation Helps The purpose of a foreclosure lawyer is to ensure that the law is on your side.  … Read more

With all the talk about the federal refinancing program for struggling homeowners, many people not in immediate mortgage debt danger have had a renewed interest in refinancing. In the past, refinancing a mortgage was fairly difficult and some even found it impossible. These days, lenders have been encouraged to open up more refinancing offers for  … Read more

The spring and summer are the hot seasons for buying or selling a home. Although many people are still hesitant to jump into a mortgage in such a battered market, there are still plenty of people who need to sell and some that are looking to buy. The key is knowing what to look for  … Read more