When the U.S. housing bubble burst in 2007, millions of Americans who were unable to keep up with their mortgage payments lost their properties to foreclosure. Even today, tens of thousands of homeowners go through the painful process each month. See if you are eligable here
HAMP out and new foreclosure reduction put in
Freddie Mac announced that the Freddie Mac Flex Modification foreclosure prevention program will replace the Home Affordable Modification Program or HAMP that expires at the end of 2016. Both programs were designed to assist at-risk families reduce their monthly mortgage payments. See details here
HAMP out and new foreclosure reduction put in
Troubled property owners receive a holiday break
No one will be evicted from their home during the holiday season, say most mortgage lenders, who traditionally delay evictions or foreclosures during the holidays. See update here
Troubled property owners receive a holiday break
Could court ruling bring about more foreclosures to market?
Delinquent Florida homeowners could be getting long-delayed foreclosure notices after a court ruling cleared the way for lenders to bring back cases that have stalled for several years. See details here
Could court ruling bring about more foreclosures to market?
Where to start If You Can’t Pay Your Mortgage Payment
Whatever you do, don’t skip a payment and think nobody will notice. Living paycheck to paycheck is not really uncommon for most homeowners. And quite often, when you find yourself in a bind and you’re struggling to make the next mortgage payment, you may be tempted to try and skip a payment, thinking you’ll be able to repay it later once you get back on track. Find answers here