Mortgage Foreclosure & Refinance Resource

Mortgage Refinance and Loan Modification News and Guides

What to do: Mortgage Foreclosure or File for Bankruptcy

November 17th, 2008 · No Comments

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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Tags: "mortgage modification" · Avoiding Foreclosure

White House Opposes Bankrupty as Protection from Foreclosure

February 28th, 2008 · No Comments

Following up on yesterday’s post today president George Bush and the two highest economic officials in the US government all objected strongly today to plans in Congress for changing bankruptcy laws to protect homeowners caught up in the mortgage meltdown. The idea of allowing bankruptcy judges to restructure loans ‘wouldn’t be fair to millions who [...]

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Tags: Foreclosure Information · Mortgage Legislation

US Frees Fannie Mae and Freddie Mac; Democrats Move to Prevent Foreclosure via Bankruptcy

February 27th, 2008 · 1 Comment

United States regulators have ripped up longstanding restrictions on the government-sponsored mortgage companies Fannie Mae and Freddie Mac, freeing them to buy significantly more mortgages and potentially to reinvigorate the secondary market for mortgage debt. At the same time, Senate Democrats have introduced a bill that includes a controversial provision to the mortgage banking industry [...]

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Tags: Avoiding Foreclosure · Mortgage Legislation · Mortgage Notes