Understanding The New Loan Modification Program

Posted January 18, 2011 – 8:42 am in: Loans

The federal’s Making Home Affordable (MHA) program helps folks dealing with foreclosures. It has two main programs: the Home Affordable Refinance Program (HARP), designed to assist homeowners who are current on their mortgage payments but owe in excess of their homes are worth, and the Home Affordable Modification Program (HAMP), intended to scale back monthly mortgage payments so householders will still keep their homes.

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Purchasing A House – Don’t Be Fooled By An Appraisal

Posted December 30, 2010 – 7:10 pm in: Credit

Lots of homebuyers incorrectly presume an appraisal of a house will be the ultimate authority on its current value. For the novice homebuyer, she or he unquestioningly accepts this house value as set in stone.

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California Foreclosures And Their Effect On The Golden State

Posted December 26, 2010 – 11:28 am in: Mortgage

Learning about California foreclosures and how they affect California is important even for those not living in or owning property in the Golden State. There are many reasons why this is so, including that California, on its own, is one of the world’s largest economies. What happens there affects the rest of the country and sometimes to a great degree.

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Solutions To Foreclosure

Posted June 21, 2010 – 2:01 pm in: Mortgage

Three universal options for foreclosure are loan reinstatement, a forbearance agreement, or a loan modification. Though there can be numerous other particular techniques to stop foreclosures, these three are utilized frequently.

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In Foreclosure? How To Get Your House Back

Posted October 19, 2009 – 11:55 pm in: Mortgage

Your house is the last thing that you want to loose. Unfortunately even though we know this for a fact, we tend to take our mortgage payments for granted and end up loosing our homes. In this case, a home foreclosure will happen. When a borrower fails to pay his or her mortgage for a number of payments (usually 3) the lender will foreclose by selling the house or repossessing it.

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