Freddie Mac announced that the Freddie Mac Flex Modification foreclosure prevention program will replace the Home Affordable Modification Program or HAMP that expires at the end of 2016. Both programs were designed to assist at-risk families reduce their monthly mortgage payments. HAMP out and ... » Learn More about HAMP out and new foreclosure reduction put in
Selling a Home Due to Illness
Congress may very well be homeowners Grinch this Christmas
Could it be a grim and grinchy December for thousands of homeowners facing ongoing challenges with their mortgage payments and property values? Could popular deductions for mortgage insurance premiums and energy-efficient renovations abruptly vanish? Congress may very well be homeowners Grinch ... » Learn More about Congress may very well be homeowners Grinch this Christmas
Where to start If You Can’t Pay Your Mortgage Payment
Whatever you do, don't skip a payment and think nobody will notice. Living paycheck to paycheck is not really uncommon for most homeowners. And quite often, when you find yourself in a bind and you’re struggling to make the next mortgage payment, you may be tempted to try and skip a payment, ... » Learn More about Where to start If You Can’t Pay Your Mortgage Payment
Florida Supreme Court modifies foreclosure’s time frame
A Florida Supreme Court ruling announced earlier this week threatens more homeowners with foreclosure actions. Generally speaking, lenders have five years to foreclose on a home thanks to the state's statute of limitations. In some cases, however, the courts have dismissed a foreclosure action, ... » Learn More about Florida Supreme Court modifies foreclosure’s time frame
5 fairly typical errors when purchasing short-sale homes
A foreclosure or short-sale home might tempt a buyer with the promise of a great deal, but it's important for buyers to protect yourself from common mistakes. A short sale occurs when a homeowner sells a property for less than the total amount owed on the mortgage, therefore the lender isn't ... » Learn More about 5 fairly typical errors when purchasing short-sale homes