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21 August 2009
Getting a mortgage loan modification can be a big help when you're in tough financial straits.However, the mere fact that you've been able to get a loan mod may not by itself be enough to ensure that you can stave off foreclosure.
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27 July 2009
Of all the programs the government has put forward to help homeowners avoid foreclosure, none of them do much about the underlying problem of unemployment.But that could be about to change.
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16 July 2009
So you've come to the conclusion that you can't afford your mortgage and you've had no luck trying to work out a refinance or a loan modification.Is there anything you can do other than sit around and await the inevitable? Actually, there is - a short sale.
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30 June 2009
Need help reducing your mortgage payments? Been trying to get approved for a Making Home Affordable loan modification or refinance without success? Help could be coming to a town near you.
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26 June 2009
Mortgage fraud doesn't have to ruin a borrower's personal or financial life.It can be prevented by paying attention to warning signs and red flags that are often noticeable in advance. .
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24 June 2009
So you've been thinking about seeking a mortgage loan modification through the Making Home Affordable (MHA) program, but have been discouraged by reports of long delays, conflicting advice and nonresponsive lenders? Well, all that may be changing.
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22 June 2009
There's been a lot of frustration among homeowners over delays in getting the administration's Making Home Affordable foreclosure prevention program up and running.But that's not the biggest issue preventing at-risk homeowners from getting mortgage assistance - many aren't even seeking help in the first place.
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19 June 2009
If you think you may have been a victim of mortgage fraud, or simply think you got a raw deal in a real estate transaction, it helps to know where to complain.
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17 April 2009
The Obama Administration has taken dramatic action to help the U.S.out of its current economic slump.Their mortgage refinance plan, for example, is designed to help people capitalize on low interest rates.However, this loan modification program isn't available for everyone.
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16 April 2009
Homeowners in need of mortgage relief have a new team working on their behalf.The Neighborhood Assistance Corporation of America (NACA) offers foreclosure prevention counseling and loan modification negotiations to homeowners, free of charge.
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31 March 2009
New government-assistance programs are available for mortgage refinance or loan modification, but there are restrictions and caveats involved.If you have a troublesome loan, this is the time to research your options and find out if you qualify for government assistance.
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9 March 2009
Bank mortgage portfolios continue to fill with homeowners in payment default.Meanwhile, housing inventories swell with foreclosures.The economy is in one of its worst downturns in decades and chances are it is affecting you.
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14 February 2009
Cramdown legislation that would allow the bankruptcy court to make loan modifications on behalf of distressed borrowers is a hot topic on Capitol Hill.The saga took a surprising turn recently, when Citigroup broke away from its peers and said it would back the legislation.
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28 January 2009
With a new White House administration taking over this month, Congress has convened once again to attack the nation's economic problems.High on the agenda is urgent attention to the housing sector, and lawmakers promise to use remaining TARP funds to provide foreclosure aid.
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26 January 2009
Fannie Mae has established a mortgage loan modification program to help consumers avert foreclosure at the very first signs of trouble.
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13 December 2008
Major banks, including Citigroup, Wells Fargo, JPMorgan Chase, and Bank of America, recently told the government that the FDIC program to back their bonds is not a strong enough guarantee.They want unconditional support; but the FDIC wants a more regulated and controlled bailout.
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8 December 2008
If you owe more on your home than it's worth-in other words, if you have negative equity or are "upside down" in your mortgage-there may still be hope for solving your problem.The options require sacrifice, but could potentially help you avoid greater financial woes.
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