A short sale can be a good foreclosure alternative for those who have the time and financial means to wait out the process. While many people find the process to be complex, there are a few standard procedures for sellers in the short sale process. However, it is important to note that each lender has … Read more
As the 2011 year comes to a close, many are wondering whether 2012 will be a better year for mortgages and foreclosure rates. While nothing is certain in this turbulent economy, recent predictions released be TransUnion are bringing some rays of hope for the New Year. New Year News A recent report suggests that things … Read more
There has been a dramatic shift from homeownership to renting over the last decade. Back in the 1950s owning a home was the cornerstone of the American Dream, but has since become part of a nightmare. Between dropping home values and an increase in foreclosures, many families simply find renting less risky and more affordable … Read more
In an effort to bridge the gap in loan modification services, Florida began a foreclosure mediation program back in 2009. As one of the hardest hit areas for foreclosures, Florida’s officials were hoping the program would result in more successful loan modification efforts. However, data suggests the program has negligible effect on the success of … Read more
Victims of mortgage fraud scams can rest easy tonight after the finalization of months of litigation. Six companies were convicted of performing fraudulent mortgage modification and foreclosure services for homeowners. Caught Red Handed After taking millions from unsuspecting homeowners, these companies came up on the radar of the Federal Trade Commission within months. Accused of … Read more
Before considering bankruptcy, consumers are encouraged to seek other debt relief options first. The reason is simple: to resolve debts as quickly and easily as possible. However, this can be easier said than done. For one, there are many non-reputable companies operating to victimize those in need. Managing debt burdens is serious business, so be … Read more
As the Occupy movement has shifted its focus from Wall Street to local neighborhoods, protestors are now taking on big banks to help stave off foreclosures for local residents. The Occupy foreclosure movement has gained a lot of ground in recent weeks, spurring one of the biggest controversial actions since the movement began. Local authorities … Read more
Pursuing a deed in lieu of foreclosure may provide some benefits as an foreclosure alternative, but it can be a confusing process. Although it may not take as long as other mortgage debt relief options, it does come with some additional considerations. In order to maximize your chances of mortgage relief it is important you … Read more
Negotiating with creditors may seem like an intimidating experience, but it can actually be quite beneficial. If you are struggling with debt and having a hard time managing your monthly payments, entering credit negotiations can be one way to help lower your payments and get you back on track. However, you may be wondering why … Read more
The foreclosure process is overwhelming and stressful for anyone involved. Why are so many homeowners struggling to find a solution on their own? Perhaps they are afraid of becoming victim of a foreclosure alternatives scam. Or maybe they lack the knowledge and understanding about their options and how to proceed. In either case, reports show … Read more