The real estate market has recovered greatly since the economic downturn. In fact, many homes that are currently in foreclosure might actually have some positive equity, which means homeowners might be able to avoid foreclosure. To be seriously "underwater" on your mortgage, debt must exceed value ... » Learn More about In Foreclosure? You Might Not Be As Underwater As You Think!
The Federal Housing Administration is continuing to extend better service to mortgagees by re-evaluating the guidelines it uses to approve loans, particularly loans applied for by people whose income and credit where affected by the recession. Many homeowners experienced unemployment or pay-cuts ... » Learn More about FHA Ready to Forgive Homeowners Affected by the Recession
We’ve all noticed that the market is slowly making its way back to pre-recession norms, which means that more people are taking advantage of record low interest rates and entering into the market as first time buyers. Also entering the market are those homeowners who were forced to short sell or ... » Learn More about Road Map to Home Ownership