Short sales are known for their headaches and challenges, but they can still be beneficial for both the seller and buyer. The biggest point of concern in a short sale is understanding that you may end up stuck in the process at one point or another. While patience is required, there are also a few  … Read more

There has been much attention over the changes to several of the government’s Making Home Affordable Programs. The Home Affordable Refinance Program (HARP) has been expanded in the new 2.0 version to reach more homeowners in need of lower mortgage payments. Now, the Home Affordable Foreclosure Alternatives (HAFA) program has also had some significant changes  … Read more

The Home Affordable Refinance Program (HARP) is part of the government’s Making Home Affordable Program. After its original release last year, the program failed to deliver the magnitude of help promised for at-risk homeowners. It has since been revamped to expand its reach and help more homeowners avoid foreclosure and resolve mortgage debts. What’s New?  … Read more

For homeowners who were unlawfully foreclosed upon, the recent program to review these proceedings came as good news. The foreclosure review process was designed to evaluate individual foreclosure cases to determine if affected homeowners are due reimbursement. However, a new study shows that very few potentially eligible homeowners have taken advantage of the review program.  … Read more

Not everyone is looking to buy a home in today’s market, but the interest in refinancing a mortgage has peaked. One of the most important aspects to staying out of mortgage debt and keeping a  manageable payment is the interest rate. Although rates are historically low, not everyone qualifies or will find obtaining a good  … Read more

Deciding the fate of your home when you can’t afford to maintain the payments is a tough position to be in. Many people are faced with this decision each day and many are finding their choices to be plentiful, but difficult. If you have tried to apply for a refinanced loan or mortgage modification without  … Read more

One option for resolving mortgage debt and lowering payments to stave off the threat of foreclosure is a mortgage modification. However, not everyone is successful in securing a modification with their lender. However, part of the problem preventing people from successfully obtaining a modification agreement can be alleviated with a little preparation. Not Applying Early  … Read more

After all of the trouble with mortgage debt and foreclosure, many potential home buyers are skeptical about the process these days. Although the market isn’t what it once was, there are still some good aspects of the mortgage industry today. Understanding the truth behind a few of the current mortgage myths can help a potential  … Read more

After much discussion about the effectiveness of the government’s previous refinancing initiative, the Home Affordable Refinance Program has been revamped to reach more homeowners at risk of foreclosure. Now that the HARP 2.0 has been released, more states are reporting an increase in interest of the program.   Supporting Underwater Mortgages HARP is a government  … Read more

Refinancing is becoming increasingly popular among lenders these days. Not only is it less risky for a lender, but it may even has the potential to bring in more money. Compared to loan modifications or other option, refinancing carries less stigma and is often the first option of choice. However, there are a few important  … Read more