Category:
Real Estate

Report: 700,000 U.S. Homeowners Regain More Equity

By Bill Fay | July 19, 2012

There’s good news on the horizon for homeowners and the national economy this financial quarter: More than 700,000 U.S. households regained positive equity in their properties, according to a new…

Increasing Number of FHA Home Loans Fall into Delinquency

By Bill Fay | July 10, 2012

Unlike other sectors of the mortgage market, which appear to be steadying after years of turmoil, FHA loans are falling into delinquency and foreclosure at an alarming rate. A recent…

Report: Reverse Mortgages Being Used by Young Borrowers

By Bill Fay | July 5, 2012

A recent consumer report indicated the government-insured reverse mortgage program, once intended to help seniors continue living in their homes free from financial constraints during the retirement years, contains possible…

Reports: Housing Market Showed Marked Improvement

By Bill Fay | July 2, 2012

After several challenging economic years, the sluggish housing market is said to be on the mend as the number of total home sales show a sales gain. In fact, economists…

Short Sales

By Bill Fay | July 2, 2012

A short sale of a house happens when a lender agrees to release a homeowner from his or her mortgage for less than what is owed so the property can…

Foreclosure Defense

By Bill Fay | July 2, 2012

Foreclosure Defense Facing foreclosure? Call for nonprofit help. Depending on your situation, you may be able to access grants, government assistance programs and/or a mortgage modification that can help you…

Credit Agency: Some Mortgage Modification Strategies Better than Others

By Bill Fay | July 2, 2012

Fallout from the collapse of the U.S. housing market is ongoing, and consumers are only now beginning to learn the effectiveness of various mortgage modification strategies that they used after…

Understanding Home Equity

By Bill Fay | April 16, 2012

Home equity is the difference between how much your home is worth and the outstanding balance of all liens on your property — how much you owe on your mortgage…

Using Real Estate to Take Control of Your Debt

By Bill Fay | April 16, 2012

If you have a load of unsecured debt, such as high credit card balances, your top priority should be to reduce it as much as possible, as soon as you…

Foreclosures

By Maureen Milliken | April 16, 2012

Foreclosure means a lender is looking to take possession of a home when the borrower – the homeowner – isn’t making payments on the mortgage loan used to buy it.…