What’s the deal with the mortgage deal?

11 02 2012

The all too familiar story of homeowners in over their heads owing more on their home than it is worth may have a twist! A $26 billion foreclosure settlement mortgage deal with the nation’s largest banks, will provide some relief to homeowners under pressure. Read the rest of this entry »


Foreclosure Vs. Short-Selling

13 04 2010

On April 5th, the U.S. Government began an incentive progame encouraging lenders to approve more Short Sales of homes. They will receive $1,500 per short sale for participating in what is called the, “Home Affordable Foreclosure Alternatives” program. Borrowers will receive $3,000 as a “relocation incentive”. Read the rest of this entry »