Homeowners who have suffered from financial setbacks when it comes to their mortgage have found that, in many cases, an underwater home may be beyond their means to handle at the present time and this has led to some lenders and homeowners pursuing short sale options as a way to unload an underwater home...
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As homeowners continue to see unemployment, financial distress, and other issues in their personal lives make meeting obligations like a mortgage payment more difficult, there are more financial institutions looking into opportunities that will help not only prevent foreclosure but may help homeowners when it comes to transitioning from their home through opportunities like...
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Aspects of the federal underwater mortgage refinancing plan that were supposed to change and help more homeowners have finally arrived and it’s hoped that these changes in the federal Home Affordable Refinance Program will allow more individuals to find affordability on their mortgage as a result of refinancing to today’s low interest rates that...
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We have seen over the past months that there are some mortgage servicers who are pressing alternative programs like the short sales or deed in lieu of modification plans, as a way to hopefully avoid long and drawn out foreclosure processes, as well as help homeowners transition and keep foreclosed properties from sitting empty...
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Here in October we have seen mixed results in the area of housing as some reports have indicated that home starts increased in September and, in some areas, home sales also increased last month, but some areas of the nation saw decreases in existing home sales, which when taken as a whole paint a...
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Alternatives to foreclosure from J.P. Morgan Chase, specifically short sales and deed in lieu of foreclosure plans, saw improvements within the federal Home Affordable Foreclosure Alternatives initiative between July and August, as homeowners with Chase saw increases in not only these agreements that have been started but the number that had been completed as...
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For Wells Fargo homeowners who may be looking to take advantage of the short sale programs or deed in lieu of foreclosure options from the federal Foreclosure Alternatives initiative, recent reports have indicated that Wells Fargo has made increases in the area of agreements started and completed under the Home Affordable Foreclosure Alternatives plan,...
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Continued talks surrounding a proposed underwater refinancing program and changes to current programming that is available has many borrowers who are current on their home loan questioning whether this opportunity or changes will come in a timely manner, how it may benefit them at the present time, and whether options like principal reductions will...
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Consumer confidence is still somewhat low in regards to home prices, but there are also homeowners who feel that rates on home loans will likely remain quite affordable in the coming months, which has been similar statements released by a variety of professionals, officials, and housing organizations, as there are some who believe that...
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Bank of America’s participation in the Home Affordable Foreclosure Alternatives Program continues to offer assistance to homeowners through short sale or deed in lieu of foreclosure plans as there are still many individuals who are looking into these types of options when it comes to getting out of their home loan requirement when negative...
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