Tag Archive: Mortgages

Banks Halting Foreclosures

Over the past 5 days, Bank of America, GMAC and JP Morgan Chase, have announced that they are halting all of their foreclosures. These banks have stated that they are going to stop all pending foreclosures and are ...

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Renting A Home or Buying A Home?

In this Real Estate market, we get asked a lot, "Should I rent a home or buy a home?" While I believe that this a personal decision, there are definitely pros and cons of owning a home. For many people, there is ...

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When Is It Ok To Walk Away From My Mortgage?

There has been a lot of discussions recently about whether people should walk away from their mortgages.  Should people just lock the doors and move on? Should people stay in a home that is "underwater" and hope that the market rebounds? Should people sacrifice everything else in their lives to make sure they can keep ...

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Should I Stop Paying My Mortgage?

The short answer here is NO! It is our policy that you should always make your mortgage payments.  Failing to pay your mortgage is the fastest and most direct route to financial ruin, bad credit and the inability to buy another home when times ...

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The Loan Modification Process: Why Doesn't It Work?

With so much information and mis-information out there, I thought that I would take the time to explain the loan modification process in-depth. There are so many steps to getting approved for a loan modification and any misstep in the process can result ...

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