Monthly Archives: September 2010

Who Owns My Mortgage?

Are you trying to figure out whether Fannie Mae or Freddie Mac owns your mortgage? To find out if Fannie Mae owns your mortgage, go to this website. To find out if Freddie Mac owns your mortgage, click here. If … Continue reading

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“Buy and Bail”

“Buy and Bail” is the term used for homeowners who, while owning one house with an underwater mortgage, obtain a mortgage for a new house. Then, after they have purchased the new house, they “bail” on the underwater house by … Continue reading

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Florida’s Foreclosure Courts

The article, Florida’s High-Speed Answer to a Foreclosure Mess, discusses Florida’s new foreclosures-only courts that have been set up to reduce the state’s backlog of foreclosures. It is arguable whether these courts are constitutional and whether they violate homeowners’ rights … Continue reading

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Housing News Update

Foreclosures Leveling Off – Although CNN reported that foreclosures rose in July. Program to Prevent Foreclosures Falls Short – An article about the lack of success of the HAMP program. Courts Offer Help to Those Facing Foreclosure – A new … Continue reading

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Beware of Debt Settlement Companies

When someone is considering filing bankruptcy, it is not uncommon for them to also be considering the use of a debt settlement company. These companies often advertise that they are a better alternative to bankruptcy, and that they will help … Continue reading

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