This week, the California Attorney General, Kamala D. Harris, withdrew from settlement negotiations with major banks over alleged foreclosure abuses. Harris removed herself, claiming that the deal was unfair to injured California homeowners. This move significantly damages efforts by the Obama Administration to seal a $25 billion settlement with a number of major U.S. banks … Read more
A state agency in Arizona, originally founded to help homeowners resist foreclosure, has turned instead to helping people sell their homes at reduced prices through short sales. Insiders claim that this turn is due chiefly to a lack of funding and resources, which has forced them to find other means of assisting struggling homeowners, besides … Read more
While it seems as though there are an inordinate amount of people who are in credit card negotiations, there are also individuals who are just starting out with their credit lines. With all of the doom and gloom that is surrounding the credit world in the current economy, getting a credit card can seem downright … Read more
Ever since the financial crash of 2008, credit scores have been more important than ever – and this has been a source of much debt negotiation. Most people who have tried to get any sort of loan over the course of the past few years have noticed that it is increasingly difficult to be able … Read more
Many individuals that are in dire financial straits are there at the behest of their credit card debt. If this is you, then you should start looking for ways to help eliminate or mitigate your expenses, and create a comprehensive financial plan to help you budget better in the future. But in the meantime, there … Read more
If you are like millions of other Americans, you are currently struggling with many different forms of debt. You may have a mortgage that is gone underwater thanks to the housing crash, or you may simply have too much credit card debt that you cannot handle. Many people feel as though they cannot appropriately be … Read more
There are many people in the current market who are struggling to pay mortgages or facing foreclosure. Even those who are still managing to make their mortgage investments on time and in full often worry about the fact that their home’s value has likely fallen dramatically since the housing bubble burst. However, it is important … Read more
Nationally, the foreclosure rate has skyrocketed in recent months. Overall, one in every 570 housing units received a foreclosure notification in the last month, which means that the national rate increased seven percent just from July to August. Realty Trac has compiled a list of the top four states in the United States for foreclosures. … Read more
When the recession first hit three years ago, the majority of foreclosures and bankruptcies fell on those who had overextended their finances by buying above their means and developers who over-invested their resources. Now, the burden has fallen on the middle class. At first, most middle-class Americans were able to pay their mortgages by cutting … Read more
With foreclosure being such a major problem in the United States today, it is tempting to jump at any offer of mortgage loan help. However, some of these offers to help homeowners avoid foreclosure are, actually, too good to be true. As more and more homeowners become desperate for a way to keep their homes, … Read more