What To Consider When Qualifying A Short Sale

Short sales are slowly fading into the past but good deals will remain until increasing house values fully exceed under water values. Right now, short sales remain a viable investment option in many markets. Start By Qualifying the Seller While the amount of time it takes loan servicers to decide to accept a short sale

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Has Your Bank Advised You To Skip Mortgage Payments?

It’s a familiar story. If you google “bank told me to miss a payment” you’ll find dozens of posts and articles about folks who say that they were current on their mortgage, and were told by their mortgage company or their mortgage servicer that they would have a better chance of qualifying for various refinancing programs if they are behind on their mortgage.

Obama Promises More Aid to Housing

President Obama pledged to keep the “American Dream alive” in his State of the Union address last Tuesday, outlining a number of efforts aimed at boosting America’s flagging economy and reviving its housing market.

Federal Regulators Plan to Overhaul Mortgage Refinance Program

Plans have just been revealed for federal regulators to overhaul a mortgage refinance program, and the White House hopes this will help to revitalize the housing market. This latest overhaul would allow homeowners to refinance their mortgages regardless of whether or not they are “underwater,” making this extremely significant for those homeowners in states where

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Obama’s Foreclosure Fix Failures

The Obama administration’s attempts to deal with the foreclosure crisis have been nothing short of abysmal. As of right now, more than 6 million American homeowners remain under threat of foreclosure, or are behind on their mortgage payments. Property prices are continuing to fall, and inventories across the U.S. are overwhelmed with foreclosed homes. Obama’s

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Obama Planning Expansion of Home Affordable Refinance Program

More homeowners will be able to make the most of current low interest rates, after the Obama administration announced plans to expand the two-year old Home Affordable Refinance Program. Addressing a joint session in Congress last week, President Obama said that the government would do everything it could to assist “responsible homeowners” in refinancing their

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