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Posted on: Monday, July 27, 2009
Caution: Sharks in the Water
Caution: Sharks in the Water

These fee for service agencies charge in the neighborhood of $4000 just to talk to your lender. Most offer no hint of a money back guarantee. What incentive does a loan modifier have to actually work on your case when you’ve paid him in full up front?

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Posted on: Sunday, July 19, 2009
Cash for Keys
Cash for Keys

Throughout this site, you’ll find advice for saving your home from foreclosure. Sometimes, you can’t save it and the process runs its course, but it’s not the end. You still have to pack up and leave.
When you don’t voluntarily surrender a home, a lender has to go through an eviction process following the foreclosure. Some [...]

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Posted on: Wednesday, July 15, 2009
The 31% Solution for Mortgage Modification
The 31% Solution for Mortgage Modification

When I first got a place of my own, I was told that a week of income should cover my housing expenses. Today, the US Department of Housing and Urban Development, HUD, estimates that 12 millions households in the country now pay more than 50% of their annual income on housing.

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Posted on: Monday, July 13, 2009
When to Consider a Deed in Lieu of Foreclosure
When to Consider a Deed in Lieu of Foreclosure

If you can no longer make even modified mortgage payments, it’s time to consider transferring your deed to your lender in lieu of foreclosure.

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