There is no doubt that the American Dream of home ownership has taken a hit in recent years. The once picturesque neighborhood has turned to one plagued by short sale and foreclosure signs. As more people are forced out of their homes, one art exhibit aims to change our view of the future of home  … Read more

The last few weeks have been a roller coaster of information related to the foreclosure fraud and mortgage settlement deal. Originally thought to be a massive $25 billion payout for victims, we soon learned that only $5 billion of the funds were actually earmarked for restitution payments. Now more information is coming forward regarding whether  … Read more

Anyone facing foreclosure knows that time is of the essence. Mortgage lenders rarely wait around before taking action on a borrower who has missed a payment, which means that getting control of the situation must happen quickly. While short sales are known for being a long, drawn out process, there are ways to speed up  … Read more

Unpaid taxes are a serious problem that can often lead to more significant consequences by the IRS. While tax debts are not the biggest source of debt among Americans, they can be the most problematic if not resolved in a timely manner. Unresolved Debts The IRS is a creditor when it comes to collecting unpaid  … Read more

Finding an adequate solution for mortgage debt can be difficult. Since everyone’s financial situation is unique to them, no two options are equally viable for anyone. The best way to pursue mortgage relief is to know which steps to take first. Avoid Foreclosure – while this seems like the obvious reason for finding mortgage relief,  … Read more

While debt negotiation can be a great way to lower payments and get out of debt faster, there are some things to be considered. Before attempting to negotiate debts with creditors be sure you have done the following: Prepare Entering credit negotiations is just like any other form of negotiation, which takes careful planning and  … Read more

Unfortunately, homeowners are the only ones suffering from the threat of foreclosure. Many businesses and non-profit organizations have been hit by the mortgage crisis as well. As the economy continues to challenge all property owners, even houses for worship and practice aren’t safe from the grips of foreclosure. Guided Into Debt A recent study reports  … Read more

As one of the most sought after, and also most denied, types of mortgage debt options accepting a mortgage modification offer is not always the best solution. While securing one can be difficult for many homeowners, there are some reasons why accepting a lender’s modification offer should be carefully considered. Choosing Wisely Loan modifications have  … Read more

The government has been trying to help homeowners through loan modification and refinancing programs for a few years now. However, these existing programs haven’t produced the full outcome as expected. A new program being offered by the Federal Housing Administration (FHA) aims to reach as many as 3 million homeowners through new refinancing conditions.    … Read more

Homeowners are not the only ones affected by a foreclosure. The far reaching effects extend to neighbors, entire communities, cities and even state offices. Fixing the foreclosure crisis isn’t only about lenders and federal programs, but how residents and city officials can make a local impact. All Aboard For many of the hardest hit communities,  … Read more