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refinance upside down mortgage obama
Homeowners are rushing to refinance or modify their mortgages because of President Obamas “Making Home Affordable” plan. This $75 billion mortgage bailout will help millions of homeowners get a refinancing or loan modification into a better, more affordable, monthly payment. This plan will also help people who are in foreclosure or [...]
Government Mortgage Help For Homeowners
Question: Why doesn’t the government just pay off everyone’s mortgage?
It would not only bail out the banks but also the homeowners.
Everyone’s balance sheet would turn their debt into equity.
The money actually pays off the debt instead of vaporizing into a margin call. The current bailout plan just wipes out $700 [...]
upside down mortgage modification
Question: How can I get my modified Home loan?
I have good (over 700) credit. I am not behind on my mortgage. I have a fixed rate on my house. But I hear all the advertisements for loan modifications for people in trouble. I am upside down on my mortgage,, How can [...]
upside down mortgage refinance options
Question: Foreclosure: Walking away from my house?
This is the last thing I want to do, but I’m afraid I’m out of options. I live paycheck to paycheck and have enough debt to dip into credit cards monthly to pay utilities. My wife just lost her job and there’s no [...]
Mortgage Relief Help
Question: Does the Mortgage Forgiveness Debt Relief Act apply to short sales?
Hi – I am considering entering into a short sale of my townhouse, but I was wondering if anyone can advise me on if whether or not the Mortgage Forgiveness Debt Relief Act 2007, applies to the difference between what I purchased [...]
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