Will the New Federal Bailouts Help Homeowners?

The federal government announced another plan to help homeowners at risk of losing their homes. This new plan promises borrowers reduced interest rates and/or longer terms to make the monthly payments more affordable. However, it will only be available to loans under Fannie Mae and Freddie Mac, which ...

The Who, What, and Why of a Short Sale

With the current financial crisis over our heads, we are hearing a lot more about something called short sales. What exactly is a short sale and who can benefit from a short sale? In a short sale, the lender agrees to discount a mortgage balance due to an economic ...