The White House has approved a law that will provide homeowners relief from the housing crisis. The Economic and Housing Recovery Act of 2008 will help troubled homeowners keep their homes and allow more people to have access to decent and affordable hous...

You know you’re in big trouble when, after getting a notice of foreclosure, you still weren’t able to update your mortgage payments, and your lender can't do anything to help you out. So what do you do when your home is in danger of being foreclosed? ...

You’ve got to act fast the moment you feel that you are at risk of foreclosure. One thing you must prevent from happening is the filing of a Notice of Default. This notice is basically a shout out to everyone that you are behind your mortgage payments, ...

The government has taken over mortgage companies Fannie Mae and Freddie Mac to help lower mortgage rates and allow more Americans to get affordable loans. The federal rescue, announced by Treasury Secretary Henry Paulson on Sunday, September 7, gave ho...

Financial trouble can lead to home foreclosure. Maxing out credit cards because you don’t have enough cash to pay for necessities like food and utility bills is an indication that you’re on the brink of the credit trap – a possible prelude to forecl...

Have you started missing out on your mortgage payments? Are you one of those unfortunate people who has received a notice from your lender instructing you to contact them? Are you currently experiencing a hard time ordering your finances? If your ans...

It’s horrible to think about people losing their homes again, after they’ve been in the same situation three years ago. Hurricane Gustav caused worries for the authorities and residents of New Orleans, which called for massive evacuation. With imag...

According to the Mortgage Asset Research Institute, mortgage fraud has increased significantly during the past year by 42 percent. Mortgage fraud happens when brokers and loan officers participate in illegal activities to gain profit. Mortgage brokers ...

Resting on your laurels will never do you good, especially in times like these. If homeowners like you start falling behind on mortgage payments, you’ll receive a letter (or phone call) from your lender regarding your status. These letters need to be an...

When you’re about to lose your home and don’t know what to do, it's time to get help from people who know what to do. These experts know the ins and outs of the housing market, and can give you valuable advice on how to save your home from foreclosure...

US veterans will now have a shot at buying an affordable home through the help of the Department of Veterans Affairs (VA). Honorably discharged veterans, active-duty personnel, and surviving spouses can benefit from the VA mortgage guarantee program, whic...

It does pay to go online and read the daily paper. While some people regard chatting as a total waste of time, a few find solutions to their problems by going online. Take what happened to a Dallas guy in danger of foreclosure as an example. His plea in...

A website that computes home values recently released reports that showed that one third of Americans owe more than what their homes are actually worth. These are the people who bought during the last five years. It also reported a 9.9 percent decrease in...

If you are worried about losing your homes to foreclosure, then there is something you should be wary about – scammers. Scammers have taken their modus operandi to another level. This time, they are targeting distressed homeowners who are facing poss...

Weeks ago, President Bush almost didn’t sign the housing bill that would provide a remedy for the housing slump, because of a particular provision in the draft where about $4 billion in funds are slated to shoulder the costs for redeveloping and rehabil...