Loan Modifications – The First Step Breaks Homeowners’ Hearts

Most homeowners who want to keep their homes have one thing in common: They’ll do almost anything to keep from missing a mortgage loan payment. They’ll do without things, sell their toys, go deeply in debt on their credit cards, and even borrow from family members rather than default on that loan. So the first step...

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Fannie Mae to Allow On-time Borrowers to Walk Away… Should You Sign a Deed-in-Lieu?

If you’re an underwater California homeowner, the answer is probably “No.” In California, you’re far better off to choose a short sale. Here’s the real story… At first glance, the Announcement that starting in March 2013 Fannie Mae and Freddie Mac would let borrowers who are current on their...

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