The End of Mortgage Debt Forgiveness?

The good news in the housing market is that foreclosure starts are at a 95-month low, according to RealtyTrac, the nation’s leading collector and aggregator of foreclosure data. The bad news, at least for distressed homeowners who will need to short sell, obtain a principle reduction, or foreclose, is that the House of Representatives adjourned…

Online Resources When Faced with a Foreclosure

Foreclosure has been running rampant over the past five years since the recession that began in 2008. It has stabilized to somewhat manageable levels, but millions of Americans are still facing foreclosure each year. Some are able to climb out of the hole that they have found themselves in, but others aren’t as fortunate. If…

Home Foreclosure – Should I Walk Away From My House?

Jane Schrodinger was aghast when she learned that she was $80,000 underwater on her “sad little condo” in Washington state. After all, she purchased the condo back in 2008, when prices were low and interest rates were attractive enough to make buying more sensible than renting. Smart move, right? As we all so painfully learned,…

Famous Athletes in Foreclosure

They’re big, strong, talented and filthy rich. Yet, for professional athletes, the road to the mega bucks isn’t quite as simple as it may seem. While we frequently hear stories of a pretty face plucked from obscurity to star on the big screen, young athletes aren’t quite so fortunate. Most pros learned their sport as…

How to Be a Responsible Landlord After Buying a Foreclosed Home

Many forward-thinking individuals have recently invested in foreclosure properties with the hopes of turning them into income-generating rentals. And why not? There has never been a better time than right now to “buy low” in real estate, lock in amazing interest rates, and “sell high” in a few years when the market recovers. In the…

Caution: Foreclosure Scams May be Hard to Spot

Like vultures to carrion, scam artists choose people at their weakest point in life to swoop in and try to make the kill. Over the past five years, these fraudsters have turned their attention to distressed homeowners and have come up with a number of ways to separate them from their houses, all under the…

6 Tips for Getting the Best Deal on a Foreclosure

Not every foreclosure may be a bargain today, but there are amazing deals to be found on distressed properties all over the country. Still, if you want to make big money by buying foreclosures, or at least be able to brag to your friends about just how great of a deal you got on your…

The Truth About Foreclosures

Whether you own a home and think you can just stop paying your mortgage and escape foreclosure for the next three years without consequences or are hoping to buy a foreclosed home and make off like a bandit with thousands in profits like you see on reality TV shows, you could be in for a…

Where to Get Loan Modification Help

Struggling to keep up with home loan payments? Wondering where to get real help with a loan modification without being taken advantage of, and what you should really expect from the process? Working with Lenders to Get a Loan Modification If you are struggling financially and are afraid that you may fall behind on payments,…

Where Can I Find Pre-Foreclosure Listings?

One man’s misery is another’s opportunity. That, in a nutshell, sums up the foreclosure process. While the homeowner is typically labeled as “distressed,” the buyer, whether at auction, short sale or in a pre-foreclosure sale, is a “savvy investor.” There’s only one winner here, and it isn’t the homeowner. When a homeowner stops making mortgage…