Real Estate
3 Options for Selling Your Home
In a buyer’s market, if you’re ready to buy your next home or fear that home values are going to fall even further and want to sell your home before that happens – you have a few options for selling your home. Here are three options for selling your home that might help you meet [...]
How effective are mortgage tools?
Utilizing mortgage tools is a smart move before making any final decisions on buying a home, but are these popular tools effective? Mortgage calculators may have once only given you rough estimates, but they are very accurate by today’s standards. These mortgage tools, which include mortgage repayment and mortgage affordability calculators, are great for getting [...]
When to Refinance
Making the decision to refinance or remortgage a home is a big one, especially in today’s economic climate. There are a number of different reasons for a person to refinance a home and the reason why the person is choosing to refinance the home will determine what kind of mortgage agreement they will sign to [...]
Mortgages 101
In recent years, many people have gotten into financial trouble because they signed up for a mortgage agreement before they were financially ready and did not realize the financial hole they were digging for themselves. Before obtaining a mortgage, there are a number of things that a person should be aware of and should understand [...]
How to Save Money on Your Next Mortgage
It is baffling that many people spend more time researching their car purchases than they do researching their mortgage purchase. A study conducted by Harris Interactive and Zillow showed that individuals average around five hours for researching mortgage loans but average 10 hours for researching available car loans. This lack of preparation can end up [...]
How to Avoid Foreclosure Scams
During the financial turmoil all over the nation, consumers still have to be worried about falling victim to the increasing amount of scams in addition to worrying about staying on track with their personal finances. Due to the increasing rate in the number of home foreclosures, many consumers are looking to get help and at that [...]
Appraisal Process Rules Lead to Mortgage Delays
The appraisal process of buying a home has some new rules – ones that are costing borrowers and lenders both time and money. The new rules were developed to protect from faulty appraisals but place regulations on how lenders can choose an appraiser when certain home loans are originated. While consumers in general may feel no [...]
Are No Deposit Mortgages a Good Idea?
In the buyer’s market of today, it seems like everyone is trying to get into a home while the prices are still at record lows. Though despite the fact there are almost the best mortgage deals available in history, not all aspiring homeowners have the funds to begin a long term mortgage. Aware of this, lenders are [...]
Wells Fargo, (NYSE: WFC) Bank Of America (NYSE: BAC) and Others Expecting Fines On Foreclosures
Two of the largest mortgage holder in the country both Wells Fargo & Co (NYSE: WFC) and Bank of America Corp (NYSE: BAC) are expecting that they will be faced with fines or some type of enforcement action as a result of investigations into their procedures pertaining to foreclosures. Both Bank Of America and Wells [...]
How to Learn About Mortgages in 2011
One important consideration that needs to be made when you are getting a mortgage loan is the nature of the current mortgage loan market. Individuals that are not experienced with financial markets or the terminology used in those markets will need to find a way to get information about the mortgage loan market that is [...]
Bank of America (NYSE: BAC) Announces Military Homeowner Help
Bank of America (NYSE: BAC) made its announcement today that they will begin helping members of the military that are having difficulties meeting their mortgage obligations. The bank has created a new program specifically designed to meet the needs of struggling active duty soldiers. The program, as described, will be set up to allow the [...]
Homeowners Have More than One Option
The Home Affordable Modification Program (HAMP) was designed to provide assistance to homeowners who meet the qualification criteria. According to reports the HAMP program has not proven successful. The discounted payments offered through this particular program are simply not enough to assist many homeowners with mortgage payments options that will keep them from being a [...]
Wells Fargo (NYSE: WFC), US Bancorp (NYSE: USB) Loses Big-Time Foreclosure Case in Massachusetts
Wells Fargo & Co (NYSE: WFC) along with US Bancorp (NYSE: USB) has lost a foreclosure case in the highest court of Massachusetts this week. The result will have an impact on the way lower state courts deal with banking regulations and real estate law. The state Supreme Judicial Court has upheld a judge’s decision [...]
U.S. Home Prices Drop Further Than Forecast
The U.S. housing market is still the weak link in an accelerating recovery after home prices dropped further than the October forecast. In the biggest year-over-year decline since December 2009, the S&P/Case-Shiller index of property values fell 0.8 percent, exceeding the 0.2 percent drop predicted in a survey by a median forecast of economists. With [...]
Bank of America (NYSE: BAC) targeted in class action lawsuit over loan modification problems
With the many financial hardships encountered in this economy, the Obama administration’s Home Affordable Modification Program seemed like a good idea at first. For many homeowners, however it appears to be a terrible nightmare. As told about in USA Today, Anthony and April Soper applied for this mortgage adjustment with Bank of America, their mortgage [...]
Citibank’s (NYSE: C) Initiatives Bring 60% Rise in Mortgage Applications
Today, home loan rates are the lowest that most people have seen in their lifetime, yet few people are applying for a mortgage. Whether it be for a new home or to refinance your current home, most lenders are reporting record low applications. Today’s economic struggle seems to have halted the mortgage industry. There is [...]
US Home Tax Credit Deadline Extended
The United States Senate held a vote on Wednesday that will give homebuyers an additional three months to settle up on contracts so they can benefit from the Homebuyers Tax credit that has been an incredibly popular and instrumental incentive for bringing back a spark to the housing market. The amendment was presented by Democratic [...]
10,000 Bank of America (NYSE: BAC) Borrowers Contacted About Mortgage Forgiveness Program
Under a plan officially announced in March, Bank of America (NYSE: BAC) announced principal reduction would be the first step for helping their most troubled mortgage borrowers through the Home Affordable Modification Program (HAMP). On Wednesday, June 2nd, Bank of America Corporation announced it contacted 10,000 borrowers about the new loan forgiveness program which will [...]
Citigroup (NYSE: C) Successful in Modification Program
Among the lenders who are offering homeowners a home modification program, Citigroup (NYSE: C) is being cited as one of the more successful lenders. According to the latest report from the Making Home Affordable program, Citigroup has made modifications for half of their eligible customers in the form of a permanent or trial basis. The [...]
Bank of America (NYSE: BAC) To Propose Mortgage Help?
Bank of America (NYSE: BAC) is considering a program directed at the unemployed mortgage holders who can no longer afford a home mortgage payment. For those who have lost their jobs and can not find suitable employment, the bank is considering to offer for a period of nine months a break on the mortgage payments. [...]
Washington Town of Wauconda For Sale on eBay (NASDAQ: EBAY)
A small town about 3 hours northwest of Spokane, Washington is available for sale on eBay (NASDAQ: EBAY). The town features it’s own zipcode, a restaurant, store, post office, three school districts, two septic systems, ranch and four bedroom home. Currently selling for $359,000 – the eBay auction ends on Friday, April 2nd. For the [...]
Wells Fargo Falling Behind In Make Home Affordable Program (NYSE: WFC)
As a result of the recession and a slowly recovering economy, the Make Home Affordable Program was initiated by the Obama administration. Mortgage lenders who participate in the program offer an alternative to foreclosure for homeowners who qualify for a loan modification. Despite the original intention of helping homeowners stay in their primary residence, many [...]
Citi To Help Rebuild New York City Public Housing (NYSE: C)
There are 21 public housing projects that have been on hold in New York City due to lack of funding through the New York City Housing Authority. City officials claim that the housing authority “has been ‘hemorrhaging’ about $1 billion over ten years” making it difficult to keep up with much needed renovations. To get [...]
Bank of America Hijacks Parrot, Forecloses Wrong House
Bank of America (NYSE: BAC) has a lot of explaining to do. According to a Pittsburgh, Pennsylvania woman, the bank took not only her home but also hung on to her parrot even after proof was offered Bank of America had the wrong house. The woman filed a lawsuit today against Bank of America. Bank [...]
Homeowners Frustrated With Bank Of American Loan Modifications
President Obama initiated the Home Affordable Modification Program with guidelines that went into effect on March 4, 2009 to help American homeowners remain in their homes. As a result of the recession and declining economy it became clear that homeowners were in desperate need of assistance to stay in homes that would otherwise go into [...]
Lose Your Home To Foreclosure? You Might Still Get A Bill
For homeowners who have lost their home to a foreclosure due to their inability to keep up with mortgage payments, there may still be bad news on the horizon. After banks sell the home at auction, any balance remaining on the value of the home and the sale price at auction make come back billed [...]
Is The Mortgage Foreclosure Crisis Over?
The foreclosure crisis looked as though it maybe turning the corner after the initial crash, but are we out of the woods yet? While things have improved a little, the mortgage foreclosure crisis is far from over. The initial round of foreclosures affected primarily subprime mortgage loans. Subprime loans are loans that were given to [...]
I agree. If a local business is the one offering the sale price I will buy it from them. ...
We are retired and live on a grocery budget of $200 a month for 2 people in the Midwest. That ...