Mortgage Foreclosure & Refinance Resource

If everything follows their model, the economists say property values should bottom out by mid-2009.
If you are a prospective home buyer waiting for the bottom of the housing market, there is another fact you need to take into account: mortgage rates are rising.
Rates on a 30-year fixed-rate loan, which were as low as 5.89 percent [...]

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According to a statement released by Speaker Nancy Pelosi there are some interesting laws coming to help homeowners who are facing or are in foreclosure.  One of the bills modifies the way IRS treats the forgiven mortgage balance and the other helps those in bankruptcy negotiate with lenders. Details below:
End Taxes on Mortgage Debt Forgiveness: [...]

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