Demand creates months-long delays for a $75 billion federal program designed to help a half-million Americans keep their homes by restructuring their mortgages I f you want to take advantage of a new federal program to modify your mortgage so you can afford to stay in your house, be prepared to wait. And wait. The $75 billion Home Affordable Modification Program has gotten off to a slow start …
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Closing costs for a home average 3 percent of the purchase price and can reach 6 percent in higher-tax areas. But you can ease the pain.
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You can find a bright spot in the recession as close as your mailbox: There are far fewer hefty catalogs, bulging coupon packets, unwanted credit card offers and glossy fliers clogging it up.
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Only last year, newly engaged couple John and Jade had nearly given up on the idea of buying their first home. Even with a slowdown in real estate sales, prices were still well above what the couple - only a couple of years out of college - could afford.
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Those over 45 have the highest unemployment rate in at least 60 years.
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I believe that I have a viable claim against a lender for wrongful suspension of my home-equity loan. Please let me know if you can recommend a competent attorney who regularly handles these types of consumer cases.
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Homeowners can ask their lenders for a more thorough evaluation of their property or they can find better comparable sales or challenge the ones used by the appraiser. Many buyers and sellers are finding out that in today’s down market, houses aren’t worth what they thought they were. At least not in the eyes of appraisers hired to tell lenders what the places could fetch on the open market if …
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If you think qualifying for a home loan is tough these days, try getting a construction loan: You’ll find it’s almost impossible. Banks are getting out of the construction business, and cracking down on borrowers that are already on their books.
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Dora Pierce couldn’t afford the monthly payments on her Chapin home but dreaded admitting that to her mortgage company. She was afraid to ask her lender for a break, not knowing the financial lingo and thinking that it would probably take hours to reach the right representative on the phone.
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Several dozen members from the Association of Community Organizations for Reform Now (ACORN) gathered outside a Midwood dwelling last week to spotlight mortgage lenders not adjusting loans under a federal program to help homeowners stave off foreclosures.
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