The Government Accounting Office just released a report that will most likely have an impact on future funding of housing counseling by nonprofit credit counseling agencies. While it is true that the GAO does not have any direct control over the funding from HUD, the reality is that the report could easily be used in … Read more
KC “Dear Steve, My husband and I have a 5/1 Adjustable Interest Only loan, as well as a HELOC loan because we did 100% financing. I’m no longer working (staying at home with new son), and my husband’s salary was recently cut 10%. We’ve given up a few luxuries (cable tv, saving for retirement, etc) … Read more
“Dear Steve, We currently have an FHA loan through B of A, it has been a struggle but we have remained current. We are going through a short sale currently, Bank of America is the primary & only lender involved. Our home is likely worth $80-100,000- in today’s market, but we owe $240.000. We started … Read more
Debora “Dear Steve, In January I lost my job. My husbands hours were cut. We have fallen behind on all of our bills including our mortgage. I have tried to refinance so that we can save our house but our home value came back at less then what we owe so that was not an … Read more
“Dear Steve, I fell behind on my mortgage payments then I stop paying my mortgage payments and let things get worse. I fell behind in my mortgage and then gave up and stop paying it. I’ve been in foreclosure for about ten or more months. In a few weeks there will be a court case … Read more