Mortgage Foreclosure Resolution

Although the economy seems to be slightly recovering, one major problem regarding New Jersey citizens relates to the growing number of individuals who have experienced an absolute crumbling of equity in their homes. This results with the mortgage payoff exceeding the fair market value of their … [Read more...] about Foreclosure Resolution in New Jersey

Despite President Obama’s introduction of the "Making Home Affordable" Plan in 2009, very few homeowners with delinquent loans are finding themselves able to renegotiate their mortgages. The President’s Plan was intended to stabilize the housing market and keep homeowners in their homes, by … [Read more...] about Lenders Slow to Offer Permanent Home Loan Modifications

On Wednesday, March 24, Bank of America announced that it would eliminate as much as $3 billion in principal owed by thousands of delinquent homeowners whose mortgage balance was at least twenty percent greater than the value of their house. Bank of America’s new program is directed at borrowers who … [Read more...] about Bank of America Pledges to Reduce Mortgage Principal for Some Borrowers