Debt Consolidation, Help and Relief

States Probing Possible Foreclosure Violations

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  • Posted 10/15/10. by alison

All 50 states and the District of Columbia are investigating allegations that mortgage companies used flawed documents when working on foreclosures of hundreds of thousands of homes. Some experts are hoping this in-depth look will lead to reform to fix the issues. But the changes could take a while.
The probe would force banks to follow [...]

Open Houses Mean Free Fun And Food For Many

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  • Posted 09/16/10. by alison

Money’s tight for many. Movies are expensive. And more are cutting back on fancy restaurants. Americans are looking for free fun and it turns out open houses are becoming a popular pass-time. According to MSNBC, almost half of the people who attend open houses in New York City aren’t serious shoppers. They’re more interested in [...]

Where To Get A Great Deal On A Home

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  • Posted 09/14/10. by alison

With high unemployment and foreclosure rates, it’s tough to look at the bright side of the economic downturn. But if you’re a glass-half-full type of person one silver lining is that there are some great deals on homes right now.According to US News and World Report, home prices plunged by 33 percent from the summer [...]

Foreclosure Rates Still Increasing

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  • Posted 08/19/10. by alison

Foreclosures jumped by four percent in July. There were an additional 325,229 filings added to the already massive pool of properties in foreclosure. The July numbers marked a ten percent increase compared to July of 2009, according to TheHill.com. It also marked the 17th straight month that foreclosure filings topped 300,000. “Declines in new default [...]

Home Buyers Enjoy Lowest Mortgage Rate In Decades

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  • Posted 06/25/10. by alison

Home buyers are scoring mortgage rates that are around the rates their parents or even grandparents may have locked in. Those with job security, good credit scores and cash on hand will be able to take advantage of some of the lowest mortgage rates since the 1950s. The average rate for a 30-year fixed mortgage [...]

Home Affordable Foreclosure Alternatives: New Program For Underwater Homeowners

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  • Posted 03/11/10. by alison

A new government program will essentially pay homeowners to sell at a loss. It’s called HAFA, or Home Affordable Foreclosure Alternatives and it goes into effect April 5. The goal is to help some of the nearly 25% of US homeowners who currently owe more on their homes than what they’re worth. Under HAFA, homeowners [...]

Tuesday’s Twitterer To Follow: @MoneyCrashers

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  • Posted 03/9/10. by alison

Wondering who to follow in the big wide world of Twitter? There are plenty of great Twitterers out there tweeting about money, debt, and finance– the topics we know you love. So every other Tuesday we’ll be  highlighting a Twitterer to follow. This week we’re turning the spotlight on @MoneyCrashers.
@MoneyCrashers joined the Twitter craze last [...]

Citigroup Starts The ‘Foreclosure Alternatives’ Program

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  • Posted 03/1/10. by admin

Consumers trying to deal with the debt they cannot repay after losing jobs have been cast as the true victims of the collapse of the derivatives market. Even as the CEO of General Motors is awarded a $1.7 million contract to run a business that is majority owned by the federal government, many middle class [...]