People seeking to lower their monthly payments and resolve mortgage debt troubles through a loan modification often come in contact with many conflicting pieces of advice. Some advocate ideas such as strategic default, while others push a negotiation formula that is more suitable to the lender. In either case, knowing the difference between good and  … Read more

Owing tax debts have one thing in common: they can be difficult to manage and repay. However, there are different types of tax debts and each come with a different set of rules as to how they can be repaid. Most tax debts are resolvable directly with the tax assessor, but paying those debts in  … Read more

Homeowners have had a tough go at securing both loan modifications and refinancing options from lenders over the last few years. Holding strict credit qualification and high closing cost requirements many lenders have been able to avoid taking part in foreclosure alternative efforts. However, industry changes are on the way that could make it easier  … Read more

In today’s rough housing market there are numerous companies operating to take advantage of unsuspecting homeowners. While most are looking for ways to lower monthly payments and avoid foreclosure, many are falling victim to the empty promises of non-reputable companies.  The old saying still holds that if it seems too good to be true, it  … Read more

The last week has been flooded with talk about the President’s plan to end the foreclosure crisis and revamp loan modification programs. While these efforts are greatly needed, what about homeowners who have yet to default on their mortgages but may be experiencing the pressure of high mortgage payments? Refinancing Gets Boost Obama announced his  … Read more

The foreclosure crisis has brought with it areas of devastated home values and vacant properties that no one wants, even for rental properties. As part of the foreclosure cleanup  efforts the Federal Housing Finance Agency (FHFA) is inviting private investors to purchase groups of foreclosures in some of the nation’s hardest hit areas. Sold To  … Read more

As more homeowners fight to save their homes and find a way out of the foreclosure process, many new “options” are popping up around the country claiming to bring big benefits to those in need. One of these solutions is being called a strategic walk-away, meaning the homeowner voluntary walks away from their home in  … Read more

Working to resolve mortgage debts can be quite tricky for many people. While short sales provide an alternative to foreclosure, they are not the easiest process to navigate. It is the homeowner’s job to secure the best offer on the property to present to the bank, if they are to hope for the lender’s acceptance.  … Read more

More good news has come from Obama’s foreclosure crisis efforts as existing mortgage modification programs are being continually expanded and revamped.  Earlier reports mentioned the expansion of eligibility requirements of the Home Affordable Modification Program in efforts to reach more homeowners in need, but the changes don’t stop there. Bigger and Better Not only is  … Read more

After months of tough negotiations in court, several big banks were ordered to pay restitution for their role in performing unlawful foreclosures. JP Morgan Chase and Citigroup will pay close to $25 billion as part of a nationwide settlement agreement, just a few of the lender to be involved in the payout. In or Out?  … Read more