Mortgage Foreclosure & Refinance Resource

If you are ignoring the housing bailout bill because you think it benefits only troubled homeowners, you may miss out on a windfall. The bill, expected to be passed by the Senate in the next few days and then signed by President Bush, does offer incentives to certain overextended borrowers and their mortgage lenders. But [...]

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NOBODY wins when a home enters foreclosure — neither the borrower, who is evicted, nor the lender, who takes a loss when the home is resold. That’s the conventional wisdom, anyway. The reality is very different. Behind the scenes in these dramas, a small army of law firms and default servicing companies, who represent mortgage [...]

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Arizona Sen. John McCain said Tuesday that government help related to the slow housing market and resulting credit crunch should go to homeowners, not speculators. Any assistance to the financial sector should be based on preventing a major economic collapse, he said. McCain addressed the housing market and financial problems while in California. California, Arizona, [...]

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