Chris McDonald's (chrismcdonald) Blog

The Office of Federal Housing Enterprise Oversight (OFHEO) announced Wednesday that it would be lifting the caps it had imposed several years ago to limit growth of Freddie Mac's and Fannie Mae's owned portfolios.The caps had been instituted after both of the huge government sponsored enterprises...

The foreclosure process varies in every state and it's imperative that homeowners understand this process. One this is for sure, time is NOT on your side. But, an educated consumer is always an informed consumer who can make a "good" decision based on facts. Learn everything you can because this ...

The 2nd MOST important thing you cando with foreclosure prevention services is DO NOT SPEND YOUR HOUSE PAYMENTS. Often people stop making their payment because they are falling behind on other bills, or they cant quite make the whole house payment. Over the years more often than not, the people I...

Document income and expenses. Keep all correspondence (even the envelopes) Before negotiating a deal, gather all the information you need, starting with any correspondence from your lender. That includes anything that you have unopened from the lender. Don't throw away envelopes from the servicer...

Searching the internet for foreclosure prevention services and knowing what websites and companies to trust is like finding a needle in a hay stack. There are many good companies out there but there also scam artists/ sharks that just want to feed on people when they are vulnerable.So how does so...