Loan modification terms can be tough for those few who get them Balloon payments can wreck the deal
For William and Lida Negron, their lender's decision to modify their mortgage seemed to be the key to holding on to their home.


 Appraisers: Broker price opinions in short sales could increase mortgage fraud New rules governing short sales are set to take effect April 5. But four groups representing more than 35,000 real estate appraisers already have taken a stand against the guidelines.


 Loan modifications made easier The government's Home Affordable Modification Program sounded good, but it hasn't been as much of a success as first thought, in part because of the red tape involved in the application process.


 To walk or not to walk: underwater homeowners face dilemma Michael Keigans is "underwater" on his mortgage, owing $80,000 more than his Deerfield Beach house is worth.


 Florida gets $418 million for distressed homeowners Florida was awarded $418 million of federal stimulus spending on Friday to help homeowners who are unemployed or who owe more on their mortgages than their homes are worth.



(Found on Sun-Sentinel.com) |