Category Archives: Foreclosure Prevention
Watch Your Bank Account, Not the Headlines
As usual, reading the financial headlines today made my head spin. On the one hand, it was just announced that the economy shrunk at a much slower rate than expected this last quarter – only 0.7 percent compared to the 6.4 percent drop during the first three months of the year. According to the Associated… Read More »
Some Mortgage Modifications Have Hidden Fees
If you were going to modify your mortgage, common sense says you’d make it more affordable, right? Well, it seems that some lenders don’t agree. More than half of mortgage modifications have either made no change or actually made loans more expensive, according to this story in USA Today. How? It turns out that lenders… Read More »
Why Debt Matters And Home Value Doesn’t
Contrary to popular belief, I don’t think America’s biggest obsession is with cars, Starbucks or American Idol. It’s with something a lot closer to home – housing prices. For the last several years, neighborhoods all over the nation have been in a mass panic over home values. Mine is no exception. When a nearby house… Read More »
Why Finances Are More Important Than Home Prices
Move over, baseball. Watching home values seems to be the new American pastime – at least where I live. Just like a sports fan knows all the scores and stats, my friends know every time a nearby house goes for sale – and for how much. They check Zillow.com constantly to see if their homes… Read More »
Bankruptcy Can Stop Foreclosure By Addressing Other Debts
Remember those Magic Eye pictures? On the surface, they looked like a bunch of colored dots. But once you let your eyes adjust, you could finally see the scene hidden inside. You could finally see the whole picture. Well, the foreclosure crisis is turning out to be a lot like those images. On the most… Read More »