Oct 05
What can President Obama do to stabilize the housing nightmare the country is and has faced? Write down mortgage debt for the millions of underwater homeowners facing foreclosure. Debt forgiveness would be highly stimulative as well as just. Reducing the capital owned by families would enable them to keep their homes, rebuilt savings and begin …
Sep 20
These Florida homeowners were 3 months behind on their Chase mortgage when they started the process to save their home, they are our successful foreclosure case of the week. They were paying $2,549.56 PITI with an interest rate of 7.125%. By the time negotiations concluded the homeowners were 17 months behind and in active foreclosure …
Aug 15
If you’re one of the many Florida Homeowners that wish to sell, the hard reality is that you are likely to have to compete at a 20%-50% discounted rate. Even if you have paid off your mortgage and decide to rent your property to someone else in order to move, if there are high maintenance …
Aug 10
Amidst reports that Fannie Mae has actually been encouraging foreclosures rather than loan modifications, Michigan state officials are suing Fannie Mae. Despite the fact that the Obama Administration is supposed to be supporting homeowners who wish to be able to stay in their homes, this practice is being conducted by Fannie Mae. Michigan has experienced …
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