With so much information available on debt management it can be quite confusing to try and understand exactly how debt management works. After all, many people have debts of one kind or another and continue to live their lives without needing any help managing their debts. Credit can be a positive … [Read more...]
Free Seminars Help Homeowners Avoid Foreclosure
October 28, 2011 By Leave a Comment
Many feel the foreclosure epidemic is showing no signs of slowing down. As millions of Americans find themselves under water with their mortgages, some organizations and leaders are trying to help. Facing foreclosure is stressful, but there are ways to avoid it. There are several free seminars planned … [Read more...]
Study Links Housing Crisis and Health Crisis
October 21, 2011 By Leave a Comment
The housing crisis is creating a health crisis, according to a new study released by the American Journal of Public Health. It's the first long-term survey of the impact the housing crisis is having on older Americans. The study found high rates of depression among those who are behind on their mortgage … [Read more...]
Mortgage Rates Remain Low
September 27, 2011 By Leave a Comment
Fixed-rate mortgages are holding steady among European debt market concerns, mixed housing data and a sputtering economy. Freddie Mac just released results of its Primary Mortgage Market Survey and found that the 30-year fixed rate remain unchanged at 4.09 percent. The 15-year rate dropped to 3.29 percent … [Read more...]
Help Available for Hurting Homeowners
September 13, 2011 By Leave a Comment
If you're a homeowner impacted by Hurricane Irene you could be eligible for assistance from Freddie Mac. The company has relief policies to help homeowners whose properties were damaged or destroyed by Hurricane Irene. The homes must be located in the counties that the President has named as Major Disaster … [Read more...]
Bankruptcy Law Used to Eliminate Second Mortgages
May 10, 2011 By Leave a Comment
According to a report by Mercury News, some California homeowners are using a provision of the bankruptcy code to avoid foreclosure. The once seldom used move helps eliminate second mortgages and keep homeowners from losing everything through a bankruptcy filing. The move has been used hundreds, and … [Read more...]
House Bargains Getting Harder to Find
July 14, 2010 By Leave a Comment
Consumers hoping to find affordable housing due to falling home prices had better hurry or plan on being patient. House bargains are getting harder to find for several reasons. … [Read more...]
Mortgage Companies Helping Families Walk From Mortgage Debt
March 22, 2010 By Leave a Comment
The foreclosure process can easily turn into an emotional drawn out procedure. Consumers who become delinquent on their home loans are faced with months of late notices, warnings, demands for payments, and eventually eviction. In the meantime the bank is paying staff to work the accounts while not receiving … [Read more...]
Consumers Under Growing Financial Duress
March 16, 2010 By 1 Comment
There are plenty of numbers and figures published that are used as barometers for the state of the economy. One of the numbers is the percent of consumers who are behind on their mortgage payments but have credit card accounts that are current. When the number goes up it is taken as a sign that consumers … [Read more...]