Published by
Gina Pogol
on
January 21, 2011
in
Foreclosure
.
If you are considering a mortgage modification and also have a home equity line of credit (HELOC), understand that a mod would also affect your second mortgage. A mod could (will!) decrease the amount you can borrow Most HELOCs contain provisions that allow lenders to curtail the amount you can borrow if your property value drops. ...
Published by
Gina Pogol
on
January 05, 2011
in
Foreclosure
.
Yes, despite what they say in advertisements, it IS possible to lose your home if you take out a reverse mortgage. No, you don't have to make payments, but you do have to keep your home insured, maintained, and your property taxes must be current. That said, there is no reason that you should ...
Published by
Gina Pogol
on
December 09, 2010
in
Foreclosure
.
With millions of Americans facing the impending loss of unemployment benefits, it is important that those who are unemployed or may soon be understand what steps they need to take to keep from losing their homes. The Home Affordable Unemployment Program (or UP) was put in motion back in May, and as of August ...
Published by
Gina Pogol
on
December 01, 2010
in
Foreclosure
.
If you are trying to get a mortgage modification, should you listen to your mortgage servicer and do everything you're told? Maybe not. According to a Washington Post article, testimony in a Senate banking committee hearing points to a big problem with the advice that troubled homeowners get from mortgage servicers. Here are a couple ...
Published by
Gina Pogol
on
November 01, 2010
in
Foreclosure
.
Hey, I know from my email that many of you have been starving for information about the oh-so-coooool FHA Short Refi program. Yep, the one that involves your mortgage lender writing down your expensive underwater mortgage to 97.5% of your home's value and replacing it with a spanking new FHA mortgage. The catch? You have to ...