The Obama loan modification has expired. This means that homeowners who need to modify their mortgage due to a financial hardship will not have the same support that homeowners in the same situation have benefited from over the last 5 years or so. Continue reading
The state of California has a loan payment help program for unemployed homeowners who meet the basic qualifications for the CA foreclosure prevention assistance programs created with the funds given to the state by the Hardest Hit Fund. Continue reading
In regards to the American consumer; debt solutions and debt help are essential components to those consumers that have lost their financial footing amidst the current plague of economic hardship.
Bank of America, like many of today’s big American banks , is and will from time to time boast about their efforts to help the American homeowner stop foreclosure and retain home ownership. Well from the best that I can tell it seems as if that is exactly what Bank of America is doing.
Debt Consolidation is a form of debt help that is often obtained by consumers with an excess amount of high interest unsecured debt. By consolidating ones debt a large benefit in the form of savings obtained from a substantially reduced cost of the debt. Debt Consolidation is done through obtaining loans with more favorable terms then the existing debt agreements and the capital or funds obtained from the new loan is used to pay off or rather combine the more expensive debt agreements. This loan is often thought of as a debt consolidation loan . Continue reading
As help to the American consumer we are posting a series of four post’s dedicated to a make shift do it yourself get out of debt, Debt Management Plan.
This post is dedicated to taking ones debt inventory and is the second post of a series of four posts.
President Obama and his Administration has just announced a new part of the Making Home Affordable Plan. He has signed a new act to be known as Helping Families Save Their Homes Act. The purpose of this addition to the Obama homeowner assistance plan is to tweak the guidance and terms of the Hope For Homeowners Plan. The changes will make the failed Homeowner assistance and mortgage refinance program user-friendly and ultimately effective. Continue reading