Tag: borrowers

  • Mortgage-Debt Forgiveness Preventing Foreclosures

    Mortgage-Debt Forgiveness Preventing Foreclosures

    By Les Christie Reducing the amount that struggling homeowners owe on their mortgages is proving to be a more effective way to prevent foreclosures than other methods, such as reducing interest rates or postponing payments, a new report finds. In a report presented this week, Amherst Securities Group... Continue Reading

  • Mortgage Defaults More Common Among the Wealthy

    Mortgage Defaults More Common Among the Wealthy

    It's not just the laid-off industrial worker or the owner of the rundown shanty that's tumbling toward foreclosure or struggling to stay current on their home mortgage. Contrary to common stereotypes, the current housing crisis is plaguing the so-called rich harder than the common man. One in seven homes with... Continue Reading

  • Will F2F Save You From Foreclosure?

    Will F2F Save You From Foreclosure?

    Abandoned homes are still a lingering problem for many states as foreclosed homeowners continue to be pushed out in record numbers. When they go, they leave in their wake unkempt yards, dilapidated homes and squatters, all causing unnecessary blight on formerly tidy neighborhoods. Yet, when these struggling... Continue Reading