By Kevin Chiu A proposal to halt the record number of foreclosures and force lenders to work with homeowners to modify mortgages was introduced in the Senate Wednesday by Rhode Island Senator Jack Reed. Rhode Island is one of the worst 10 states to be affected by the foreclosure epidemic. The bill would establish a… Continue reading Congress Finally Proposes Homeowners Help
Category: Tools
Pilot Program Could Help Home Foreclosures
By Mike Colpitts The federal government response has been painstakingly slow to the foreclosure epidemic. But one city councilman is proposing a pilot program that could give mortgage holders of distressed homes a chance to stay in their residences amid the worst economic downturn in a generation. The program, already approved by the Los Angeles… Continue reading Pilot Program Could Help Home Foreclosures
How to Buy a Home in the New Economy
By John Hines So you’ve searched the Internet day and night — Looked at hundreds of homes for sale — Filled out the forms at the bank to get pre-qualified only to find out that they won’t give you a mortgage. Perhaps your credit score isn’t high enough to fit into the underwriter’s new higher standards.… Continue reading How to Buy a Home in the New Economy