It’s no great secret these days that some homeowners are having trouble fulfilling their monthly financial obligations. If this is happening to you, let me help. The stigma of foreclosure is gone and help is available! I’m not a lender or a loan modification specialist…but I know several very good people who are…and they want
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Bloomberg Businessweek reports that Fannie Mae says they will (temporarily) refuse to give borrowers a new loan for up to 7 years following a foreclosure if they are found to have deliberately walked away or defaulted from a previous loan. With over $5 Trillion in mortgages nationwide guaranteed or owned by Fannie, they’re making this
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Fannie Mae has updated a number of policies in regards to future home buyers eligibility to get a new mortgage loan after experiencing a deed-in-lieu of foreclosure, pre-foreclosure sale, or short sale. This comes in another attempt to support overall market stability and reinforce the importance of borrowers working with their servicers when they have
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From DSNews: Two House Democrats have introduced a bill to create a “right to rent” for homeowners facing foreclosure. The bill, sponsored by Rep. Raúl M. Grijalva (D-Arizona) and Rep. Marcy Kaptur (D-Ohio), would allow a family receiving a foreclosure notice to petition a judge to stay in their home as renters under a 5-year
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