Posts tagged as:

Foreclosure

We hear about all those people who are underwater on their mortgages, and we hear about the incredibly high amounts of distressed properties on the market today. Yet, many of us never really come across the foreclosure process. Is it really that bad? Is it really happening everywhere?
As I write this, I’m [...]

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I received a postcard from Countrywide Home Loans yesterday advertising the benefits of their home loan program. Features include:

Down payment and closing cost assistance
100% financing
No minimum credit score required
Flexible qualifying guidelines
30, 35 and 40-year loan terms available
Fixed rate and fixed period Adjustable Rate Mortgages (ARM) options

During the housing boom, many of these loan agencies [...]

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Larry King Live on CNN interviewed two families in trouble because of the recent housing crisis last night.  The first family was starting to get behind on their payment, while the other already lost her home and is now living in her car!
Overview of the Two Situations
Family Hope
The first family (which we will referred to [...]

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After I posted this post, my readers corrected me in that ING Direct is actually a very responsible lender and company. I apologize for overreacting to the sub-prime mortgage. In fact, after some research, I am recommending readers to sign up to their online bank accounts.
With so many news articles about subprime loan [...]

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