real estate: Help For FHA Homeowners.....FINALLY!!!!!!! - 04/14/10 10:08 AM
Well, it's Springtime again and the season is filled with new beginnings!!!!
New flowers are springing to life and so is a new program benefitting those homeowners who are facing a hardship and have FHA mortgages.
 
The FHA Pre-Foreclosure Sales Program provides help for homeowners who have experienced a verifiable hardship that has forced them to fall behind on their mortgage payments. The program allows a Mortgagor in default to sell his home and use the sales proceeds to satisfy the existing mortgage note (even if the net proceeds are less than the balance on the existing mortgage note).
 
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real estate: Foreclosure Bailout??? Varying Schools of Thought - 02/18/09 02:12 AM
I've been watching MSNBC, along with generating new leads and working my current files, all morning. The focal point of discussion has been surrounding whether or not our current president will be able to save the housing market by allowing troubled homeowners to re-finance their current mortgages into lower monthly payments, and providing aid to banks that currently hold the troubled assets. For the most part, I've been hearing three varying opinions regarding whether or not this type of bailout would prove beneficial to the current state of the real estate industry.
1) There is no benefit to current homeowners who have … (5 comments)