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Maryland’s Distressed Homeowners to Receive $960 Million in Mortgage Settlement

Buying a Home, Mortgages, Real Estate, Selling a Home / By

Maryland Attorney General Douglas F. Gansler announced last Thursday that his office, together with the Federal government, has entered into a $960 million mortgage servicing settlement with the nation’s five largest mortgage servicers. Specifically, the mortgage servicing settlement was entered into by the Maryland Office of the Attorney General, Department of Labor, Licensing, and Regulation’s …

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Be Your Child’s Mortgage Lender

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home / By

Even as home prices and mortgage rates are exceptionally low, most of  today’s young adults cannot own a home due to tighten lending standards. With these tighten lending standards, parents of today’s young adults can act as their children’s mortgage lenders. The National Association of Realtors reported that in 2011 alone, one in three first-time …

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HAMP extended until Dec. 2013; HAMP’s Eligibility also Extended

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home / By

The Home Affordable Modification Program (HAMP), one of the Obama  administration’s foreclosure prevention programs is extended until December 31, 2013. The extension of one of the administration’s foreclosure prevention programs was announced last Friday by Housing and Urban Development (HUD) Secretary Shaun Donovan, Assistant Treasury Secretary Tim Massad, and White House National Economic Council Director …

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From the Ashes of “House of Cards Collapsed”

Buying a Home, Foreclosures, Mortgages, Real Estate, Selling a Home, Short Sales / By

During his recent State of the Union address, President Obama said these are  the facts: “In 2008, the house of cards collapsed. We learned that mortgages had been sold to people who couldn’t afford or understand them.” President Obama proposed a plan that would give responsible homeowners an opportunity to refinance their mortgages. As mortgage …

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