Mortgage Foreclosure & Refinance Resource

Neither one of the choices should be taken lightly, and of course you need to talk to your attorney, but here are some facts if you’re thinking about filing for bankruptcy to avoid foreclosure.  First, we caution against falling for some of the schemes that have been developed that entice a homeowner who is facing [...]

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Hundreds of lenders told federal housing officials Thursday that a $300 billion mortgage aid program requires too many losses for consumers and lenders to realistically help 400,000 Americans avoid foreclosure.
“This program is extremely difficult and complex and just not logistically possible,” said Jason Graydon, a mortgage loan officer with Bank of Travelers Rest, in Travelers [...]

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Fannie Mae, Freddie Mac and HOPE NOW, along with the Treasury and Federal Housing Finance Agency (FHFA), devised a free market plan to help only those homeowners whose mortgages are guaranteed toxic. In compliance with the Bush Administration doctrine – assist no homeowner who can make his payments or can be foreclosed profitably. [Sarcasm homegrown].
In [...]

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