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Get Free Foreclosure Advice In Minutes
Get your free on-line foreclosure refinance quote and foreclosure help in minutes. Explore your options and compare ways to prevent foreclosure... more...

Florida Real Estate Trends - Major Lenders To Provide 30-Day Reprieve For Distressed Homeowners
Recently, around six of the country's biggest home mortgage lenders announced that they will temporarily halt some foreclosures in order to allow homeowners a reprieve of 30 days to renegotiate their loans. The recent pronouncement by lenders like Countrywide Financial, which is Florida's largest ... more...

Finally - Real Help For Distressed Home Owners!
Yet another program has been introduced to help borrowers who are in arrears - but this looks like it could truly be beneficial. "Project Lifeline" will 'pause' foreclosure proceedings for borrowers for more than 90 days in arrears, during which time services will determine if there is any way to ... more...

Project Lifeline - The Latest Government-Issued Foreclosure Band-Aid
As the mortgage crisis continues its downward spiral and spreads from subprime to all home loan categories the government has just launched its latest help program. But is it a good deal for homeowners or just another small bandage to stem a gushing wound? This new program called Project Lifeline ... more...

Why I Hate 40 Year Loans
During the subprime crisis we saw the advent of numerous bizarre loan products. In general the new loan products were designed to get people into houses they could not normally afford. As people started to default on their mortgages banks realized many of these loan products were not a good idea. ... more...

Washington Mutual Project Lifeline - Volunteering to Aid the Credit Crunch
Washington Mutual Bank (Wamu) is working on a project called "Project Lifeline," a proposal agreed upon by six banks that will help both the banks who were hurt by the mortgage payment crisis and the borrowers who found themselves in trouble because of the recent credit crunch in the housing ... more...

Why FL and AZ Are Still Not at Rock Bottom Yet
I get a lot of calls from clients of mine asking me to find REO packages as much as $20 million and higher. The boom among investors wanting to buy distressed properties has hit an all time high. Expect that all-time high record to be broken by the more patient investor in a year or even in 2009. ... more...

Project Lifeline - A 30 Day Moratorium on Foreclosures
The newest effort to curb the mortgage foreclosure mess was revealed today. The Program termed Project Lifeline will give troubled homeowners a 30 day reprieve. This measure aims to give lenders and homeowners an opportunity to utilize loan modifications in order to avoid foreclosures. The obvious ... more...

Foreclosures Adding Up In The City Of Poughkeepsie, New York
Short Sale, Loss Mitigation Department and Mortgage Forgiveness Debt Relief Act of 2007. If you are losing your home you need to speak with an experience Real Estate Broker to protect your most valuable position, your home. It may not be to late, but you need the right negotiators working for you. ... more...

Understanding What Happened With Subprime Mortgages
After the steep rise in subprime lending in the 2001-2006 period, followed by the credit crunch of 2007, some might ask, "If their borrowers can't pay, why did the lenders make these loans in the first place? Did they not want to be paid back?" To get to the bottom of this question, people need to ... more...

Unsecured Loans - An Alternative to Home Equity
The decline of the housing market and its subsequent impact on borrowers' access to home equity loans is well-documented, and with each new report or statistic, the news seems to worsen. Home values are down, as evidenced by a recent U.S. Commerce Department report indicating the median price of a ... more...

 

 

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