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Thu, 02 Sep 2010 18:06:29 EDT
For the growing number of struggling homeowners in this country, more help is on the way. Additional aid from the federal government will begin making its way to them next month -- one program would help qualified homeowners refinance their mortgages after seeing their property values fall below the amount they owe, and the other includes another round of funding to help the unemployed or underemployed with their payments.  |
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Tue, 07 Sep 2010 05:52:36 EDT
The government has bailed out Wall Street firms, giant banks, creditors of Fannie Mae and Freddie Mac -- and is trying to bail out people who've defaulted or are about to default on their mortgages. But let's say you're a hardworking family that has done nothing wrong except buy a home when the housing bubble was at its peak a few years ago. Your mortgage is now way underwater, but you're still making payments because you want to stay in your home -- and you're actually honorable. You're paying for everyone else's bailout, but because you have no equity in your house, you can't refinance to take advantage of the ultra-low mortgage rates that Uncle Sam's bailout strategy has produced. To use the technical term, you're being screwed.  |
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Tue, 31 Aug 2010 09:53:31 EDT
Despite a recent spate of bad news coming out of the housing industry, home prices show signs of stabilizing.  |
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Thu, 02 Sep 2010 15:18:50 EDT
1. Loyalty is overrated  |
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Wed, 27 Jan 2010 07:56:19 EST
Don't say we didn't warn you.  |