Mortgage Foreclosure & Refinance Resource

BBC posted a clip from their news show on the new homeless in America, forced to lose their homes by the subprime crisis. An interesting five minute clip which shows tent cities which had sprung up in certain parts of the US where many home owners were forced out of their houses, unable to pay [...]

[Read more →]

Here a few more more points on the mortgage bailout as found from other sources on the web:

Bailout in a finance term used to describe a situation where a bankrupt or nearly bankrupt entity, such as a corporation or a bank, is given liquid funds, in order to meet its short term obligations. Often bail [...]

[Read more →]

Today, Treasury Secretary Henry Paulson, with the support of President George W. Bush, unveiled a plan to aid some of the mortgage holders survive the jump in their ARM mortgages.

To qualify under the bailout,

The loan must have been issued sometime between Jan. 1, 2005 and July 31, 2007

[Read more →]