Real Estate
Lenders & Housing Agencies Offer Mortgage Protection Plan to Unemployed Homeowners
Insurance plans to provide mortgage assistance to underwater borrowers who recently lost their job are becoming more prevalent. unemployed borrowers’ mortgages for up to 6 months. It’s called mortgage insurance, and it can provide assistance for unemployed borrowers’ mortgages for up to 6 months. It’s the kind of much-needed help the housing market needs, especially [...]
New Government Short Sale Program- Home Affordable Foreclosure Alternatives
If you’re facing foreclosure, getting behind on your payments, or need to move but are “underwater” with your mortgage, help may be on the way. The new program is called: Home Affordable Foreclosure Alternatives After the government’s abysmal failure to modify loan mortgages, they are finally giving some help to the win-win situation: a short [...]
Foreclosure Relief From Uncle Sam Falls Short
In contrast to Pennsylvania’s much-lauded mortgage relief program reported here earlier this week, the federal government’s own foreclosure prevention plan is falling short of its expectations, only assisting about 16% of the 1.1 million homeowners who have enrolled since last year. The Obama administration’s mortgage relief plan, implemented February 2009 with a $75 billion budget, [...]
When Does Renting Beat Buying?
If experiences appreciate and things depreciate, is there a way for us to separate the experience of a thing away from the thing itself? Of course there is – rent it. If we’re going on vacation, it makes perfect sense for us to rent a car rather than buy it (though in places in Europe, [...]
Emergency Mortgage Assistance Program Will Help Families Keep Homes
3,250 Pennsylvania homeowners can thank the Pennsylvania Housing Finance Agency for saving their home from foreclosure last year. Established in 1983, the Pennsylvania Housing Finance Agency has been offering Pennsylvanians suffering financial hardships—whether from unemployment, divorce, medical problems, etc.—mortgage relief of up to $60,000 for as long as three years. With the number of applicants [...]
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