The federally funded ‘Keep Your Home California’ Program will soon begin efforts to help distressed homeowners. The federal agency that oversees Fannie Mae and Freddie Mac has hesitated to approve the program passing yet sees this as a way to provide a sustainable mortgage payments.
Tag: underwater
Short Sale: A Better Option
The year is 2006, and you’re inside Country Mutual Bank. Surrounding you are a newlywed couple, a family of five, and a hardworking professional who apparently was just promoted. They all have one thing in common, they are buying a house! They spent their time looking for the perfect place that they can call home, […]
The Short Sale Solution?
Short sales may seem like the quick answer to resolving the housing market crisis, but it takes more than a willing seller to play ball.
Guess Who Wants to Foreclose on You!
Not only are mortgage industry giants Freddie Mac and Fannie Mae household names, they own most of the households in the country. So why are they the least likely to help homeowners in need of a short sale?