Home improvements can be a great way to make your house more desirable when selling it. But not every home repair increases the value of your house. Although some home repairs may look good visually, they don’t raise the sale price because there isn’t a “perceived value” or they won’t help your house pass inspection. […]
If you are in trouble with your mortgage payment, you may be applauding recent government programs to help you negotiate a loan modification. You may have already been helped through Making Home Affordable or through a similar program at your bank. Now with recent program changes that encourage principle reduction and offer help making payments when you are unemployed, you may feel assured that you will make it through a tough time with your home intact.
Every new wave of the Making Home Affordable Program (HAMP), as well as every wave of foreclosures, puts the banks in the spotlight in ways they seldom want to be. After many banks received TARP bailouts, some have not acted the way many expected them to, whether they got a dime from the Feds or […]
Eversince President Obama announced the Making Home Affordable Program (HAMP) to attack the housing crisis head on, there have been many modifications to the program attempting to address the problem. Though more successful than what the previous administration was able to do, the program started out with the intent of helping only a fraction of […]
Loan modifications would have a better chance of working if the principle was lowered according to a study by the New York Federal Reserve Bank.