Tag Archive: mortgage

HARP Set To Roll Out Refinancing For Underwater Homeowners

Loan Modification? Short Sale? Walk Away and Foreclose? Let me ask you a question, or two–if you had paid $100,000 for your home in 2004, and by 2008, it was worth $200,000, would you allow your lender to re-write your loan to a value of $200,000 and raise your monthly payments accordingly? If the last…

A Short Word About Short Sales……

If you are thinking about doing a short sale—remember that whoever you are writing your monthly mortgage check to is usually just a “loan servicer”, not the actual investor who holds the loan. The actual investor might be the Fannie Mae, Freddie Mac, Bank of New York, or any of many others! They are the…