When you owe more money on your home than it is worth, when your earnings are reduced, and when consistently making your home payments becomes an impossibility for the foreseeable future, you need to start saving for the eventuality of foreclosure. While we don’t think anyone should avoid their responsibilities, a foreclosure is all but [...]
Entries Tagged as 'housing'
Contemplating Foreclosure? Keep Your Creditors in the Dark
January 21st, 2010 · No Comments · Mortgages
Tags: eviction·foreclosure·homes·housing·lender·Making Homes Affordable Program·mortgage payment·Mortgages·restructure
As the Foreclosure Moratorium is Lifted, What Next?
April 24th, 2009 · 2 Comments · Mortgages, Real Estate
The foreclosure process for many American homeowners has been interrupted repeatedly by federal and state moratoriums over the past six months. The two largest government-controlled lenders, Fannie Mae and Freddie Mac, in November imposed holiday suspensions of foreclosure-related evictions that were extended multiple times until March 31. At the urging of Congress, financial giants Bank [...]
Tags: foreclosure·foreclosure moratorium·housing·increased foreclosure rate·loan modification·Mortgage Delinquency
