I came across some amazing statistics that I want to share with you today. One website I monitor is www.realtytrac.com. RealtyTrac compiles statistics on the number of foreclosures and people facing foreclosure nationwide. They also track this by state, county, city and zip code. RealtyTrac had an article about the number of foreclosures in the [...]
You may be able to make your mortgage payments right now. However, money is getting tighter and tighter. You have found it necessary to take money out of your savings to pay your mortgage. The amount in your savings account is decreasing quickly and in a couple of months you don’t know what you’ll do. [...]
The main focus of the new Making Home Affordable Modification Program is to bring the monthly mortgage payment down to a level that the person facing foreclosure can make the payment every month and save their home. Lowering a monthly mortgage payment and modifying a mortgage have been around for quite awhile. At the end [...]
I don’t know if you saw or heard about the councilman in Detroit. On the Internet in late April there was a news item about him. It said that in December of last year the councilman, Kwame Kenyatta, and his wife moved out of their home and sent the keys for it to their mortgage [...]
To stop the foreclosure process and to save your home you have decided to apply for a modification to your mortgage. You have sent to your mortgage company the information which they have asked for. You wonder how long it will take them to make a decision and to let you know. You are anxious. [...]
