Mortgage Issues

This week an interesting article about Atlanta real estate appeared in a local business blog, and I think that the warning issued by the writer could apply to bankruptcy filers anywhere in the country. Entitled “Easy Money as Landlord of Cheap Homes Proving an Elusive Dream” explains how large investment funds purchased thousands of Atlanta […]

If you are interested in modifying your home mortgage, and your mortgage is insured by Fannie Mae or Freddie Mac, I may have some good news for you.  I say “may” advisedly.  Not only have previous programs not worked all that well, there are some very specific guidelines for this one, and if you don’t […]

How would you like to pay for my spring vacation to Maui? Or make my house payment this month? What? you howl.  What do I get out of paying your bills? Good question. Please repeat that question when your mortgage lender gets you to pay for insurance on your home that protects only the lender. […]

The housing market is looking up in many parts of the country as more people take advantage of low property values and attractive rates. But before you go ahead and sign on the dotted line, consider whether you’re setting yourself up for a major fall. When you buy a house – especially if it’s your […]

  I’ve seen lots of funny men; Some will rob you with a six-gun   And some with a fountain pen.    ~ Woody Guthrie (Pretty Boy Floyd)     Last month, Elizabeth Warren asked a pointed question of senior treasury department officials regarding why no enforcement action had ever been taken against a large financial institution.  “Can […]

It’s common for a divorce decree to award the marital home to one spouse or the other, with the spouse who is keeping the home being ordered to continue the mortgage payments until the mortgage is fully paid.  However, this raises the question of whether the now “homeless” spouse can qualify for a mortgage to […]