For a limited time, qualified property owners who participate in a Cooperative Short Sale or Home Affordable Foreclosure Alternatives (HAFA) program may be eligible to receive $2,500-$30,0001 in financial assistance. If you have a Federal Housing Administration (FHA) insured loan, you must have the FHA’s approval before beginning a short sale that the FHA will accept. … Continue reading Short Sale Recap

Lender Processing Services provided the media with a “first look” at the company’s mortgage performance statistics for the month of September.The industry’s foreclosure inventory continued its downward trend, and while delinquencies were up slightly from the previous month, they were down when comparing the numbers year-over-year.LPS counts a total of 3,266,000 mortgages nationwide that are … Continue reading Number of U.S. Mortgages Going Unpaid = 4,594,000 10/24/2013 By: Carrie Bay DS News

Home prices during the past year have risen significantly but can prices continue to increase? More and more the answer has a lot to do with employment levels and income as opposed to bricks and mortar.Let's start with income. As a country we have less of it.The latest figures from the Census Bureau show that … Continue reading Fed Options Hobbled By Tough Jobs Market & Falling Income October 22, 2013 By Peter Miller, Contributor Realty Trac

Home prices won't climb as fast this fall as they had been rising. But sellers need not worry: This is still their market.Still, this fall brings good news for homebuyers: They have been granted some extra time to grab low mortgage rates. Lenders now regard buyers as their golden customers. Even people who lost their … Continue reading mortgage 5 housing trends fall 2013 By Polyana da Costa Bankrate.com

Filing Chapter 7  Bankruptcy Will not Save You from Foreclosure1)  Filing bankruptcy does not stop the bank permanently from foreclosing on your house2) Even if your home is discharged3) Sometimes your lender will wait until your bankruptcy is closed to continue or even start the foreclosure process4) Or the lender will file paperwork to have … Continue reading Filing Chapter 7 Bankruptcy Will not Save You from Foreclosure

 By Bankrate.com    The table below ranks states by average closing costs, from most expensive to least expensive. Your final charges probably will be higher than shown here because the most highly variable costs are not included: title insurance, title search, taxes, other government fees and escrow fees.Bankrate requested good faith estimates for a $200,000 mortgage loan … Continue reading Closing costs: States ranked