With the recent news reports surrounding the President’s plan to end the foreclosure crisis, there is some confusion over the different programs available for homeowners. In general, there are two programs that have received a lot of attention that people often  mistake for one another. MHA The Making Home Affordable Program (MHA) is the comprehensive  … Read more

In the midst of a devastated housing market having a home that is not underwater or in default is becoming a rare sight. For some of us managing our mortgage payments is still achievable, but is out of reach for many others. The key to avoiding foreclosure when finances become tight is preparation. Having a  … Read more

As part of the President’s plan to end the foreclosure crisis and help struggling homeowners, the current program benefits under the Home Affordable Modification Program are being extended. After the disappointing news of the program’s effectiveness efforts are being made to ensure more borrowers will qualify for loan modifications. The government also plans to encourage  … Read more

The foreclosure crisis isn’t picky. In fact, the housing market saw a 335% increase in foreclosures among million dollar homes in 2010. Once the homes of the rich and wealthy, many of these big properties are becoming a big risk for lenders when homeowners default. Big Troubles The high end housing market hasn’t been able  … Read more

You are in debt, now what? Like so many other Americans you are probably struggling to manage monthly payments to two or more credit companies each month, and you may even owe thousands of dollars. Although you aren’t in a pickle just yet, the constant threat is always looming around the corner. All it takes  … Read more

With multiple options for resolving mortgage debts it can seem overwhelming to know which is right. Each person’s financial situation is unique, which means that not all foreclosure alternatives bring the same benefits or risks to the table. Knowing the pros and cons of each option can help you determine which option may be best  … Read more

While much attention has been focused on ending the foreclosure crisis and providing homeowners will more loan modification options, another issue has been slowly taking over the focus of mortgage strategies. Predatory lending practices and mortgage relief scams have become a big problem over the last few years, causing further trouble in an already struggling  … Read more

As an effort to right several wrongs over the last few years these lenders will be paying restitution to those who were driven out of their homes by foreclosure initiated unreasonably by lenders. The end of a recent court battle brings the nation’s five largest mortgage lenders to pay out $25 billion to homeowners unlawfully  … Read more

Securing a good mortgage loan in today’s market is not as easy as it was a few short years ago. The foreclosure crisis and waves of loan modifications have sent lenders into a stubborn corner, where they often deny perfectly qualified people. While everyone in the mortgage industry is shy these days, it is no  … Read more

Owing taxes of any kind is a stressful situation. As citizens we have to worry about tax debt owed to the IRS, our state and city. These payments can get out of control quickly when someone experiences a financial hardship. While most city and state taxes are difficult to find payment assistance for, North Carolina  … Read more