According to a recent report from RealtyTrac (a foreclosure listing firm), foreclosure rates are at their lowest since 2007. “Total filings, including default notices and bank repossessions were down 33% for the year to 2.7 million”.  In 2011, 1.9 million homes were filed for foreclosure last year which is a good improvement from 2010 (down [...]

If you’ve been thinking about doing a short sale on your home, you now have more motivation to get the ball rolling.  On December 31st, 2012 the Mortgage Forgiveness and Debt Relief Act is scheduled to expire. Congress passed the act in 2007 for the purpose of helping distressed home owners.  Before the act was [...]

Although mortgage rates and home prices are at an all time low, we’re currently dealing with a housing market that creates many barriers for first time home buyers. Often times even those that meet all the qualifications and have 20% available as a down payment, can be rejected.  But leave it to the American people [...]

In an effort to help homeowners who owe more on their homes than they’re currently worth, the government will initiate its “short refinance” program on Tuesday, September 7, 2010. According to an August 6 Mortgagee Letter released by HUD (click here to download the entire letter), the program will allow “borrowers who are current on [...]