There’s nothing worse than realizing that the home you paid (or even overpaid) for is now worth only a fraction of its original value. When you owe more on your mortgage than the market value of your home, you are one of the 10 million U.S. homeowners who are “underwater.”

 

For most homeowners, being [...]

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In today’s America, the government and the lenders are completely disconnected from the very real troubles that homeowners are experiencing. The massive foreclosure mess that has crippled our economy has huge social repercussions that all the Band-Aid lending programs in the world are not able to prepare.

We are in crisis and those who [...]

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Millions of homeowners reach the point where they feel they have exhausted every last option. They can no longer make payments on their mortgage, their credit is in tatters, their patience and pride has been worn down by banks that refuse to work with them on a load modification or short sale strategies that will leave them financially [...]

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If you are truly strapped for cash and unable to make the monthly payments on your home, it may seem that the best option is to just unload the property for whatever someone will pay.

In an attempt to avoid having to pay the balance of the mortgage when the value of the house is [...]

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Let’s assume you live in one of the geographical areas hardest hit by the home mortgage crisis. The economic boom that your lender assured you would continue to boost the value of your home has turned into an economic bust and the house you extended yourself to buy—because it would be such a great investment—is [...]

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What a difference ten short years makes! Back in the ’90s, basically everybody in America believed they had the right to own a home. Regardless of whether or not they could afford it, the marketing hype of the big banks made them believe that there was a loan for them. Homebuyers went for zero-down loans, [...]

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A: Traveling to the land itself is not enough – it has been known to happen that the developer doesn’t even own the land. Consumers can guard against falling victim to totally fraudulent land deals or against being misled by sellers who are operating just within the law in offering a “deal” that just isn’t [...]

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A: Title insurance guarantees that the seller owns the property and is able to transfer title to the buyer. It also guarantees that there are no undisclosed liens or claims to the property. If problems with the seller’s ownership of the property surface later, the issuer of the title insurance will have to pay the [...]

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With the media spotlight focused on health care, it’s easy to forget that, for the first time in
their lifetimes, baby boomers are facing another kind of epidemic — one that is equally
threatening to their existence and the security of their families. Like the health crisis, the
battle is waged at [...]

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For the millions of Americans receiving foreclosure notices from their
mortgage companies, hope that they will not lose their house doesnʼt translate
to cooperation from lenders or relief from the real estate speculators who are
eagerly shorting the market.

Hope Now, a lending industry alliance established in October 2007 and
tasked [...]

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