A new study from the Mortgage Bankers Association says companies provided some kind of assistance to 246,000 troubled borrowers during the third quarter.
The MBA says 63 percent of foreclosure actions in the third quarter were taken against borrowers who were beyond help, for one of the following three reasons:
1. The home was owned as an investment […]
Mortgage Bankers Association Says Lenders Are Helping Avoid Foreclosure
January 19th, 2008 · 1 Comment
Tags: Avoiding Foreclosure · Foreclosure Statistics
Plan Ahead to Avoid Foreclosure: Home Equity Line of Credit
November 23rd, 2007 · No Comments
This isn’t exactly a foreclosure alternative but qualifies a good preventive measure. Generally, the reason people can’t afford to make payments are emergencies . A lost job, or a sudden illness. However, there is no reason you can’t plan ahead and avoid an emergency ending your dream of home ownership by setting up […]
Tags: Avoiding Foreclosure · Foreclosure Information