Tag Archive | "Facing Foreclosure"

Beware Of Mortgage Scams

Saturday, November 13, 2010

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I want to follow up on my previous ruminations about mortgage modification and assistance. Unfortunately, a plethora of bad actors have popped up within the mortgage modification arena seeking to prey upon the desperation of borrowers facing foreclosure. Many of these scams will promise you the Moon — and deliver you nothing. First and foremost, […]

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Your Mortgage — When To Walk Away

Wednesday, November 10, 2010

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Your Mortgage — When To Walk Away

I’ve previously discussed here at NeedMoney details surrounding the HAMP (Home Affordable Modification Program). This program can provide much needed relief for homeowners who are facing foreclosure. However, this begs the underlying question of whether saving your home is truly in your best interest. Many homeowners today have mortgage balances which greatly exceed the current […]

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The HAMP — Who Qualifies?

Thursday, November 4, 2010

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Hi NeedMoney readers, I want to follow up on my last post about the HAMP (Home Affordable Modification Program). Hopefully these posts don’t apply to many of you in that you have been able to remain current on your mortgage. However, the odds unfortunately are that quite a few of you are either facing foreclosure […]

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Home Affordable Mortgage Program – The Basics

Monday, November 1, 2010

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Unfortunately, there are now millions of Americans at risk of losing their homes. Borrowers today are becoming delinquent for a number of different reasons. Maybe you are a victim of the wave of unscrupulous loans written between 2001 and 2006. Many of these loans were designed to fail, and the rate resets proved impossible to […]

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