New Program To Reward Underwater Homeowners

A new program is being unveiled today called Handshakes for Homeowners, which aims to recognize underwater homeowners  (they owe more than their house is worth) who continue to pay their mortgages on time. With the goal of helping 200,000  … [Read more...]

The Latest Mortgage Modification Assistance News…

Fannie Mae and Freddie Mac are instituting two new programs to help struggling homeowners with their quest to get modifications. Freddie Mac claims to have helped 250,000 homeowners with loan modifications to date, so the time is better than ever to … [Read more...]

Can the Government Really Help Struggling Homeowners?

The Obama administration announced yesterday that it is going to try yet again to push lenders to assist struggling homeowners with loan modifications. Are they planning on doing something different? Is there some magic noose that they have around … [Read more...]

Deed For Lease Program To Help Struggling Homeowners

The newest program in the Federal arsenal to help homeowners who are facing foreclosure is called the Deed for Lease program. Created by Fannie Mae, this program will allow homeowners to essentially become tenants in their homes for 12 month periods … [Read more...]

Short Sales May Finally Get Shorter

The dreaded short sale…you find a property at a great price, make an offfer, and wait. Many times the bank takes months to respond, creating frustration among buyers, sellers and agents. I personally groan when I pull up properties for clients and … [Read more...]

Beware of Foreclosure and Mortgage Rescue Scams

You may have seen the stories in the paper and on television of the rise in foreclosure scams. There are new and different scams born constantly, and with the changing laws and offers of help to homeowners, you are all the more vulnerable if you are … [Read more...]

Important NEW Information About the Homeowner Affordability and Stability Plan (Part 2)

For those of you who read my post of a few days ago (How the new Homeowner Affordability and Stability Plan Can Help You, February 24)), you should know that over the last several days there has been a great deal of information released on the … [Read more...]

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