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Those Who Wait Will Pay Thousands More This Spring
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 ...
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[expires:2008-04-24:Note that this information is outdated.]
Foreclosure is something that many people think can never happen to them. The reality is it can happen to anyone. There are many reasons that may leave us forcing foreclosure: Rising Interest Rates Unemployment Personal Tragedy Health Problems Death of a Family Member Whether your goal ...
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How Does a Short Sale Affect Your Credit?
We are frequently asked this question. A Short Sale is when you and the Bank holding the mortgage sell the home for less than the amount owed. The credit score of the seller will take a bigger hit by going through foreclosure or giving a deed-in-lieu of foreclosure than with a short sale. The ...
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Here are 6 tips for avoiding foreclosure from the Federal Housing Administration:
1. Don't ignore the problem. [:'(] The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.
2. Contact your lender as soon as you realize that you have a problem. They have options to ...
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