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California City Ready to Take New Steps against Foreclosure

By Allison Halliday | August 1, 2013
The city of Richmond in California is ready to take new steps against foreclosures. It will begin to work with the investment firms controlling underwater mortgages and will try to purchase these mortgages at a price that is less than the current balance, before getting the loans restructured to ensure they are affordable.
Mortgage, US Real Estate

HARP 2.0 Helping More Homeowners To Refinance

By Mike Wheatley | March 15, 2013
The foreclosure crisis played havoc with real estate markets across the nation, yet some markets were clearly worse hit than others. Now, those areas that suffered the most are leading the nation in refinancings as homeowners look to reduced their monthly mortgage payements and hold onto their homes.
Mortgage, Real Estate, Residential, US Real Estate

Half of US Homes are Underwater on Mortgages

By Allison Halliday | June 28, 2012
A new study has revealed that an incredible 50% of all homes in the US are now officially "underwater", which means that more is owed on the properties than what they're actually worth.
Mortgage, Real Estate, Residential, US Real Estate

Despite Lower Home Values, 9 out of 10 Homeowners Stick It Out

By Anita Cooper | May 29, 2012
Any smart student of finance will tell you that it’s not a good idea to owe more on something than what it’s worth. That is why so many homeowners (especially those who had little to no buy-in) have simply walked away from their devalued homes, rather than remain underwater.
Featured News, Mortgage, US Real Estate

73 Percent of Consumers: What's a HAMP? Who's a HARP?

By Broderick Perkins | March 23, 2012
It doesn't matter that the Obama Administration recently enhanced leading government programs to bail out more underwater homeowners and save others from foreclosure. Most consumers don't even know these programs exist.
Mortgage, Real Estate Resource, US Real Estate

HARP 2.0 Explained

By Mike Wheatley | February 26, 2012
The government has recently announced the extension of its Home Affordable Refinance Program, and at the same time relaxed eligibility requirements in order to make the program more accessible to those who need it most.
Featured News, Mortgage, US Real Estate

Understanding The Mortgage Settlement

By Mike Wheatley | February 13, 2012
Last week’s big mortgage settlement between states, the federal government and America’s five biggest banks was the largest of its kind in history, amounting to some $25 or $26 billion. Unsurprisingly, the question on everybody's lips now is, who is eligible and how will they benefit?
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