As so many homeowners have faced, or will face, foreclosure the country is left to wonder who will be next.  Fortunately, the crisis has not gone unnoticed and the government has stepped in to help struggling homeowners. There have been several federal programs developed aimed at helping homeowners avoid foreclosure and get out of mortgage  … Read more

When you are drowning in credit card debt, the idea of negotiating with your creditor may seem like a daunting task. Although many people are successful at negotiating debt repayment plans directly with their lenders, it is not always the easiest task. Having a credit negotiation specialist can greatly increase your odds of winning a  … Read more

Many people facing mortgage debt must try and decide the best course of action to relieve their debts and minimize the risk of foreclosure. When finances become tight, it may also seem like your options are closing in around you. In fact, the opposite is true. A deed in lieu of foreclosure can quickly absolve  … Read more

Nevada has been one of the hardest hit housing markets in the country. With so many homeowners losing their homes to foreclosures, and many more fighting off the possibility, local agencies have decided to take action. Foreclosure Education As a way to help educate consumers and help fight the high rate of home foreclosures in  … Read more

Many people facing foreclosure are looking for a way to save their home and get out of mortgage debt. Mortgage loan modifications can provide relief from high monthly payments, but not all modifications are beneficial to everyone. Refinancing a mortgage is a common practice and can provide relief by lowering the interest rate on the  … Read more

Equator, the country’s foremost provider of default servicing technology, reported this week that its third quarter report included over one million short sales initiated through their software platform, since November 2009. The software company also announced that its Loan Segmentation Module has managed over 500,000 loans since its launch earlier this year. A representative of  … Read more

In the current economic climate, an astounding number of Americans are struggling with underwater mortgages, where the borrower owes more on their mortgage than the property is worth. In fact, CoreLogic just released a report demonstrating that, in the United States, 10.9 million residential properties with a mortgage are currently underwater. If you have decided  … Read more

Over the past five weeks, mortgage rates have consistently been hitting historic lows. During the week ending October 6, 2011, the average rate for a fixed 30-year mortgage fell to 3.94 percent, while the rate on 15-year loans diminished to a record low of 3.28 percent. It seems like the perfect time to consider refinancing  … Read more

According to a poll recently conducted by the Washington Post, the majority of Americans now feel high levels of concern about their ability to meet their mortgage obligations or rent payments. Concerns have skyrocketed since 2008, despite a certain level of overall economic improvement and effort on the part of the federal government to offer  … Read more

An underwater mortgage can seem like an insurmountable problem with no hope of resolution. However, if you are suffering under the weight of your underwater mortgage, there are things that can be done; it is possible to crawl out from underneath the rising debt. In some cases, it may be possible to remain in the  … Read more