Is a government foreclosure bailout a good idea? If this were almost anything else in a capitalist system but the “American Dream” (i.e. homeownership) we’re talking about with a government bailout by protecting or legislating, for me the answer would be a simple and short: NO.
But for me it’s not so cut and dry when […]
Each year thousands of families find they can’t keep up with their mortgage payments. It can be for a variety of reasons such as too much debt, losing a job, illness, or even divorce. Regardless of the reason, bank foreclosures occur when the buyer of the home doesn’t keep up with the terms of the […]
There are creative ways to stop foreclosure and protect your credit during your time of hardship.
With foreclosures on the rise, millions of homeowners are not able to get a new mortgage loan and have been forced to rent. This is a great opportunity to stop foreclosure on your home.
Look into it, who knows you may […]
A recent report released by Countrywide Homes, stated that there would be more then 2000 homes up for auction between January 26th and February 24th, which have been foreclosed.
Lenders are in a position to liquidate, as the rise in foreclosure does not seem to be slowing down. Rumors been floating around that foreclosures are expected […]
There are options to stop the foreclosure process, refinancing is one of them. Refinancing your current mortgage in order to reduce the monthly payment will prevent foreclosure and save your home. While these loans are not easy to obtain, it is a way to stop foreclosure on your home.
Homeowners facing foreclosure should beware, ignoring lender […]