Posted on: Monday, March 15, 2010

Reverse Mortgage Guide

Reverse Mortgage Guide
By Paul M. J. Suchecki
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With reverse mortgages borrowers never has to make any payments while they live in their homes. The loan is paid off when the borrower moves or the property is sold.

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Posted on: Friday, March 12, 2010

Economic Thaw

Economic Thaw

RealtyTrac credits the drop to “Foreclosure prevention policies and government legislation [which] are artificially distorting supply and demand equilibrium in the housing market.”

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Posted on: Wednesday, March 10, 2010

New Short Sale Program

New Short Sale Program

As of April 5th, the Obama Administration is adding a new Home Affordable Foreclosure Alternatives, HAFA, to its efforts to allow borrowers to avoid foreclosure through short sales or a deed-in-lieu of foreclosure option.

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Posted on: Monday, March 8, 2010

Second Mortgage Push

Second Mortgage Push

Congressman Barney Frank, the chairman of the House Financial Services Committee, sent a letter last week to the to chief executive officers of Bank of America, Citigroup, J.P. Morgan Chase and Wells Fargo, the four biggest US banks urging them in “the strongest possible terms to take immediate steps to write down these second mortgages.”

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