homeowner help

Posted on: Wednesday, August 19, 2009
Deficiency Judgments Can Cause Lingering Grief
Deficiency Judgments Can Cause Lingering Grief

It’s all too easy to get disheartened about your mortgage difficulties and simply decide to pack up and walk away from your home, especially if your mortgage is now substantially greater than the value of your house.

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Posted on: Thursday, August 13, 2009
If Keeping Your Home Seems Hard, It Is
If Keeping Your Home Seems Hard, It Is

If you get a call or a letter that offers help with your mortgage, look into how legitimate the company is. Is it a member of the Better Business Bureau? Is it registered with your local regulatory agency like your state’s department of real estate?

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Posted on: Monday, August 10, 2009
How to Manage Your Debt
How to Manage Your Debt

“Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry.”
- William Shakespeare, Hamlet. 1600
“To achieve important goals for the American people here at home… I encourage you all to go shopping more.” George W. Bush. 2006
What a difference four centuries make when it comes to [...]

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Posted on: Tuesday, July 28, 2009
Why is Making Home Affordable Falling Short?
Why is Making Home Affordable Falling Short?

Why is Making Home Affordable Falling Short? By most estimates, it has been applied to 5% of those eligible while a record 5.4 million American homeowners are now behind on their mortgage payments.

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Posted on: Thursday, July 23, 2009
Can Bankruptcy Save a Home from Foreclosure?
Can Bankruptcy Save a Home from Foreclosure?

Chapter 7 will ultimately cancel all the mortgage debt secured by your home, but you won’t be able to keep it, unless you make arrangements through a loan modification to pay off your mortgage. The good news is that with your unsecured debt gone, you’ll now be able to better make those house payments.

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Posted on: Friday, July 17, 2009
Short Fi a Jumbo into a Conforming Mortgage
Short Fi a Jumbo into a Conforming Mortgage

Short fi’s are for borrowers facing hardship. It would work best in an area where house prices have declined precipitously.

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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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Posted on: Sunday, June 28, 2009
Mortgage Counseling Services Options
Mortgage Counseling Services Options

If you’re a homeowner facing default on your mortgage, you’ve probably gotten a lot of calls lately from mortgage advisors who are offering to help modify your loan or walk you through the steps involved in refinancing. However if you are like most people having trouble making mortgage payments, you probably can’t spare the thousands of dollars many of these organizations require

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Posted on: Thursday, June 11, 2009
Loan Modification - Do it Yourself Guide
Loan Modification - Do it Yourself Guide

You’ve cut back where you can, and yet you’re still having trouble making the biggest bill of the month, your house payment. You’ve heard about mortgage relief and know it could make you solvent, yet the people who have approached you want thousands of dollars up front just to talk to your lender, money you simply don’t have.

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Posted on: Friday, April 17, 2009
Knowledge is Power
Knowledge is Power

When the news seems bad, it’s all too easy to curl up into a ball and hope that the world goes away. Denial and paralysis get you nowhere fast.
As I write this, I just learned the news of the biggest real estate bankruptcy in American History. General Growth, the owner of California’s Glendale Galleria has [...]

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