Know Your Options – Fannie Mae

These days you have to know your options. If your buying a home you have to know your options. If your selling your home, you need to know your options. If you are trying to loan mod or short sale, well you know the answer. Know your options! Luckily Fannie Mae has created a web […]

31 Percent of Foreclosures in March were Strategic Defaults

BofA: Mortgage Walkaways Have Huge Incentive This morning executives at Bank of America rolled out their new “Principal Reduction Enhancement” program, which is an earned principal forgiveness plan for borrowers behind on their mortgages and whose loans are at least 20 percent underwater in value. The plan is in conjunction with the government’s Home Affordable […]

Homeowners Stop Paying Mortgages and Love It

Owners Stop Paying Mortgages, And Stop Fretting   For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling […]

Effort to save Homes in Foreclosure is Having Little impact

Some of you have realized his by talking with your bank or heard others around you tell you their horror stories. The Foreclosure Relief Programs either set up by the government or voluntarily by banks has had little affect to help those in need. This article highlights and shares some of the frustration homeowners are […]