Help For Homeowners | Investments In Foreclosures

Why Treasury Needs a Plan B for Mortgages

AFTER months of playing pretend, the Treasury Department conceded last week that the Home Affordable Modification Program, its plan to aid troubled homeowners by changing the terms of their mortgages, was a dud. The 10-month-old program is going nowhere, the Treasury said, because big institutions charged with implementing [...]

Payment Options for Loan Modifications

Loan modification is a process wherein borrowers can get their lenders to change the mortgage terms so they can better afford it. It is usually offered to homeowners who have lost part or all of their income – and thus cannot keep up with mortgage payments – due to illness, job [...]

Foreclosure Myths – Fact or Fiction?

Everyone who is having foreclosure issues or having financial difficulties leading to payment problems with their mortgages is seeking real, accurate information on what they can do. Unfortunately, there is a lot of bad foreclosure information going around out there that does nothing but confuse people who are already stressed. [...]

Obama Administration Facing New Pressure on Foreclosures

According to Reuters, the Obama administration is facing stepped up pressure to provide more details about its efforts to help struggling homeowners stay in their homes. Although bankruptcy is one of the last steps that homeowners turn to in the foreclosure process, many could be avoiding foreclosure altogether if [...]

Dismal Foreclosure Numbers Could be the Tip of the Iceberg

Dismal Foreclosure Numbers Could Be the Tip of the Iceberg

I recently read a very interesting article by Peter Roff and Thomas Jefferson. It again indicates that foreclosures and bankruptcies in the third quarter are continuing to climb. Although this is sad news for the millions of people in foreclosure or bankruptcy, it’s creating opportunities for [...]

Consumer Advocates Have a Message

Consumer advocates have a message for homeowners mired in foreclosure: Your situation is not hopeless. Even if your house can’t be saved, they say, there are steps you can take to lessen the fallout. “When people see the foreclosure (notice) come to the door, they just give up,” said Debra Voltz-Miller, [...]

Lifeline for Sinking Homeowers

Lifelines for Those ‘Underwater’

By BOB TEDESCHI
Published: July 24, 2009

I recently found a very informative article published by Bob Tedeschi from the New York Times. It praises the new Affordable Refinance Program as help for the sinking homeowner in the New York area. I think the program will be very successful throughout the entire country, especially [...]

Relief Program to Avoid Repo Homes Listings Slow to Get Off

Is Obama’s Plan Working??? The loan modification program has been touted as one way to help distressed homeowners avoid repo homes listings. Launched by the Obama Administration last March, the program has yet to prove its mettle in helping homeowners protect their properties from foreclosure.

Housing [...]

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