If you are falling behind on your mortgage payments and dreading the prospect of foreclosure, you may think you have nowhere left to turn. The good news is that nothing could be further from the truth. There are a wealth of resources and options on the table for people like you who are struggling to  … Read more

A new ruling in a San Francisco circuit court has changed the law surrounding loan modification programs in that district, according to a foreclosure attorney close to the case. The ruling ends the practice some mortgage companies had been employing of using “trial refinancing” options to squeeze a few months’ extra payment out of homeowners  … Read more

Faced with job loss, unforeseen debts such as medical bills, or another of the financial curveballs that life can throw at you, you may suddenly find your mortgage payments an unbearable burden. Particularly in today’s housing market, where many homes are worth less than the mortgages their owners have taken on, making payments after a  … Read more

In today’s tough economy, it can take just one blow to cripple a homeowner’s ability to pay their mortgage. The loss of a job, a health issue, or any number of other life events has the potential to seriously hinder the ability of even a fairly well-off homeowner to make regular mortgage payments. Many homeowners  … Read more

Since the housing bubble crash, the number of homeowners who owe more on their mortgages than their home is worth has been steady and alarmingly high. Several programs have been developed to assist those who are suffering from underwater mortgages and other mortgage debt. These days a foreclosure attorney will be able to offer any  … Read more

Many people know that now is a great time to refinance your home loan, with mortgage rates still at their lowest in many decades. And those with good credit and with loans in good standing can certainly take advantage of these rates. Still, there are some guidelines to getting the most out of the process;  … Read more

Traditionally, the words ‘short sale’ are music to a buyer’s ears; they mean the buyer will be getting a home at a great deal, and usually in a manner that benefits all parties involved, as the lender recoups losses on their defaulted loan and the process moves quickly through closing. However, surprising new research shows  … Read more

If you are behind on your mortgage payments or suffering from high mortgage debt, you may have been advised to offer your home for a short sale. Although a short sale has many benefits, it is not always the most advantageous solution for every homeowner. Here are some basics to help you decide; a foreclosure  … Read more

Mortgage modifications help hundreds and even thousands of homeowners get out from their crushing mortgage debt through refinancing or loan modifications. However, there are many common blunders people make when looking at mortgage modification as a solution to their debt crisis. Refinancing With Care Refinancing a mortgage can result in a lower monthly payment and  … Read more

The Michigan State Housing Development Authority has announced a new effort to help homeowners avoid foreclosure with its tax delinquency relief program. The MSHDA hopes that this effort will reach homeowners suffering from inability to make payments, ease mortgage debt, and hopefully prevent the number of foreclosures from rising. Easing Mortgage Debt First Priority The  … Read more