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Heartbreaking Video Footage of Foreclosure Evictions

Chris Hansen of Dateline NBC follows police with a camera crew while evictions are being conducted. The eviction victims are interviewed. This truly is a heartbreaking video. Be sure to explore your loan modification options and prevent foreclosure from happening. It is now easier than ever to perform loan modification and a number of government-subsidized programs…

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Loan Modification Company Vs DIY Modification

Several government-subsidized loan modification programs made it easier than ever for struggling homeowners to modify their mortgages to a more affordable rate and prevent foreclosure. Borrowers who wanted to refinance in the past but could not qualify because their properties have lost value may be able to get a new more affordable rate meaning a lower payment.

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Prevent Mobile Home Foreclosure With Loan Modification Program

When mobile homes were first being sold, most did not qualify for traditional mortgages, as most lenders treated them much the same a vehicle sales. After all, a buyer who could not make their payments could hook them up to a truck and drive them away to avoid mobile home foreclosure. However, as more people began buying mobile homes and…

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All About The Foreclosure Refinance

When it comes to being behind on the mortgage payment, there is nothing worse because your home is the biggest bill you have and the one that is probably the most important. So when you are not able to pay the mortgage company, you are probably not able to pay a lot of other companies. This means that your credit…

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HUD Foreclosure Help – Common Misconceptions

Some people put way too much faith in the government and have created these false notions in their minds about exactly how much service the government will offer in any given situation. With the growing foreclosure crisis, and the increasing news coverage regarding the government’s proposed involvement in bailing out troubled borrowers, (such as HASP or Mortgage Relief), many people…

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Housing Plan: Can You Benefit?

Housing Plan Reduce Mortgage Payment

Many of homeowners have questions regarding the President  Barack Obama’s Housing Plan.  A lot of Americans are in various stages of foreclosure and the help can not come soon enough.   So who is eligible?

The program is expected to help those who are in danger of not making their monthly…

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Minorities Most Affected By Housing Crisis

mortgage modification program - Nearly 9.5 million households, or nearly one out of every five of the nearly 52 million homeowners with a mortgage, spend 38 percent or more of their pretax income on their mortgage payment, property taxes and insurance, the AP's analysis found. That's the new threshold to qualify for the loan assistance program launched last month by Fannie Mae and Freddie Mac, the mortgage finance companies now under government control.

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Banks Must ‘Step Up’ To Help Stop Foreclosure

stop foreclosure

Housing Secretary Shaun Donovan said Thursday in an interview that it’s critically important that banks and lending institutions “step up to the plate” to help make certain the Obama administration’s new home foreclosure initiative succeeds.

“This started as a mortgage crisis but it’s become a jobs crisis,” said Donovan following the announcement of the…

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