Some good news on the foreclosure front, more lenders are recognizing that agreeing to short sales is in everyone’s best interest. In an interesting article by Bob Tedeschi of the NY Times, he notes that Bank of America is streamlining its short sale process. As one of the country’s major lenders (which took over Countrywide [...]
If you can’t keep up with your mortgage payments and your house is worth less than the amount due on your mortgage, what can I do? Unable to refinance your loan and falling further behind in your payments may lead to foreclosure and loss of the property. A solution may be asking your lender to [...]
We all are hearing great things from Obama and his advisors about how the so-called Stimulus Package will be helping the economy pull out of its doldrums, but it is silent on the mortgage foreclosure mess. After the failure of the Bush TARP plan many commentators advocate letting the market play out its normal course [...]
5 Myths That Can Ruin the Purchase of Your Home
