Many people looking to reduce their mortgage payments and avoid mortgage debt pursue a mortgage  loan modification. While there are many options, they are very different. Refinancing a mortgage can be a good way to reduce your  monthly mortgage payments, but it isn’t for everyone. Despite what a lender tells you, refinancing take much preparation  … Read more

As if the housing market crisis and foreclosure burst wasn’t bad enough for homeowners, many have found trouble when trying to find help with their mortgages. With so many hardworking homeowners seeking help with their mortgage debts, many non-reputable companies have tried to capitalize on the increased victim pool. However, government agencies are not taking  … Read more

In the midst of the foreclosure crisis, Washington has been anything but quiet. Even state government officials have been speaking out about the need for mortgage reform and help for underwater homeowners. Despite recent efforts to help struggling homeowners, many are still pushing for more action to be taken. Speaking Up For Homeowners California’s Attorney  … Read more

With so many ways to reduce debts on your own or go through one of many companies offering to settle your debts for you, it is hard to predict what the outcome will be. Most of us are hoping that we can gain some control over a reduced debt burden and get back to a  … Read more

When thinking about the short sale process most people tend to focus on how it affects the seller. After all, they are the ones who are in mortgage debt looking for a way out. Not many people stop to consider how the short sale process affects the buyer.  For many buyers, the process can be  … Read more

In general, debt is good for your credit, but only to an extent. Having too many lines of credit or too much debt on any one particular credit line is detrimental to your credit. The line between debt and a good credit score is fine, one that requires much focus and attention. Since the debt–credit  … Read more

Finding the right debt solution can be a daunting task. Although bankruptcy is an option that is available to just about anyone, many people fear it because of the misconceptions associated with it. Further, most financial experts will advise you to seek alternative options for debt relief before considering bankruptcy. While this may be a  … Read more

A mortgage loan modification is a great tool for helping relieve mortgage debts and avoid foreclosure. However, many homeowners have found the process to be difficult and overwhelming. The problem is that your lender holds all of the power when negotiating a loan modification, but this does not mean that you cannot influence the outcome  … Read more

Facing foreclosure is a stressful time for anyone whose mortgage debts became out of their reach. The recent foreclosure crisis spurred an even worse pattern of foreclosure scams and unprofessional lending practices. Once news of the scandals broke, further investigation revealed the problem was much deeper than originally thought. Banks of all sizes and reputations  … Read more

Many people struggling with high mortgage payments are looking for a way to lower their payment and free up some extra cash for other expenses. Federal programs recently developed to help underwater homeowners focus on refinancing a mortgage as key component to alleviating mortgage debts and avoid foreclosure. Many mortgage lenders also push refinancing as  … Read more