Methods to Postpone Mortgage Foreclosure
Thursday, March 11
Mortgage foreclosure is undoubtedly one of the biggest problems facing the population of the United States following the recent economic recession that hit the globe. If you are caught up in this predicament, you are most likely searching for a solution to this complication, either by postpo...
Psychological Effects of Foreclosure
Thursday, March 11
A few years back it was easy to get a home loan. Credit standards were lax, down payments were low or nothing, proof of income was largely ignored and interest rates (at least initially) were favorable. In fact, it was so easy to get a home loan that many people bought houses that they cou...
Remodeling a Foreclosed Property
Wednesday, March 10
You may be interested in becoming an investor in foreclosed homes. Quite often, there are great values available. However, think about it. If a homeowner is not able to make their payments and will lose their home, they are not very likely to have kept up the condition of the property. You...
Dealing with the Third Wave of Foreclosures
Tuesday, March 09
First, there were the residential real estate investors that became over extended because of low interest rates and ridiculously easy credit standards. They bid up the price of houses to levels that were unrealistic. They took on more debt than was prudent. There were many more homes on th...
U.S. Weighs requiring Lenders to consider Modification Prior to Foreclosure
Sunday, March 07
The Obama administration, currently under serious pressure to aid millions of troubled homeowners who are in danger of losing their homes, is seriously considering banning foreclosures unless lenders examine them first for potential modification. That would be a step up from the current pra...
Government Loan Modification Programs
Thursday, March 04
The current federal government has stated that it is a priority to see that there are at least a half million home mortgage loan modifications this year. While a great idea, it remains to be seen whether it can be achieved. A recent U.S. Treasury study indicated that there were about thre...