Despite the current housing crisis, how is owning a home a good investment?
I’ve heard people talking about using the equity in your home, but I don’t know what that means.
Archive for July, 2010
How To Avoid Foreclosure: What You Need To Know
How To Avoid Foreclosure: What You Need To Know
With the economy still making a recovery, times are tough financially for many families in the Houston-metro area. For some, that could mean losing their homes. 39 News discovered ways to avoid foreclosure and lower mortgage rates at the same time.
Read more on KIAH-TV Houston
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Citi to Invest in Affordable Housing Fund
Citi to Invest in Affordable Housing Fund
Citigroup is backing a $100 million fund that will invest in low- and moderate-income housing in New York, the bank said Wednesday.
Read more on New York Times
Any one file a foreclosure with First Mortgage Bank?
I am considering foreclosure, I want to know if anyone has foreclosed with First Mortgage Corp Bank. What happened and how long were you able to stay in your house for? Did they work with you at all?
Thanks, any help will do right now.
Using personal bankruptcy to prevent foreclosure
Using personal bankruptcy to prevent foreclosure
Slick TV commercials and online ads tell delinquent borrowers that they can save their homes by filing for personal bankruptcy. But is it true — or just too good to be true?
Read more on CNNMoney.com via Yahoo! Finance
Banks earn millions in fees from states as they plug budget holes with new debt
Banks earn millions in fees from states as they plug budget holes with new debt
TRENTON, N.J. – Bank of America Corp., owner of the most-active subprime lender, Countrywide Financial Corp., earned $2.9 million in interest and fees for a line of credit Arizona used through June to balance a budget undermined by the housing-market collapse.
Read [...]
Mortgage modification received, then rented home, do I qualify for mortgage relief act.?
For filing tax purposes, will the cancelled debt be considered income or do I qualify for the mortgage forgiveness and debt cancellation act. I was able to get a loan modification where 80,000 was cancelled off my loan. At the end of the year, I rented my home, will I still qualify. [...]
How is Barack Obama going to deal with the housing crisis?
I asked a question – the answer shouldn’t be check his website. I would think his supporters would be able to answer this – it is an important issue.
When bankruptcy and foreclosure are imminent what to do?
I am disabled and there isn’t much work in construction for my husband. Are there any options? The construction firm he owned went under, due to lack of work this year. The work he has found is 5 hours away from the house that’s foreclosing. How long before we will qualify for a smaller [...]