Foreclosure Prevention: Don’t Get Scammed When mortgage borrowers fall behind on payments and run the risk of losing their homes, they sometimes grab the first lifeline tossed their direction. Often that lifeline is a TV or Internet advertisement making grand promises – and has more than one string attached. There are many rescue scams that […]
Smart House Hunting
Smart House Hunting The housing bust is not all bad news; some homebuyers have purchased their dream homes at prices they couldn’t even hope for a year or two ago. Thanks to falling prices, this couple bought more home than they could initially afford. And on an ARM, no less. Read the full story here…
Home Inventory: Do You Have One?
Home Inventory: Do You Have One? If a disaster ever destroys your home, your insurance company will want an inventory down to the last sock. Do you have one? If not… watch this video and then, GET BUSY! (Video runs 1:36)… Do you have a home inventory in case disaster strikes your home? If not, […]
Housing Upside a Surprise
Housing Upside a Surprise New Home sales rose last month after sinking to record lows in January. Details in this CNN Money Report. (Video runs 5:35)
Housing: Have We Hit Bottom?
Housing: Have We Hit Bottom? Has the housing market finally hit bottom? It’s probably too soon to say — but Wall Street sure seems to think so. The Commerce Department reports that new-home sales rose almost 5% last month after hitting their lowest point ever in January. Economists were expecting a decline of about 3% […]
Short Sale or Foreclosure?
Short Sale or Foreclosure? Many people on the brink of foreclosure have been asking the question, “is it better to let the bank foreclose on my home, or should we try to get a short sale instead?” There is no hard and fast answer to this question, but here’s the basic difference: On a short […]
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