This past Saturday, my husband and I attended the Help for Homeowners Community Event that I referred to in this post. The event took place at the Minneapolis Hilton. We got there at around 10 a.m., and a lot of people were there already. When I saw how many people were there, I couldn’t help [...]

If you are unable to afford your mortgage and would like to see if you can save your home, this Minneapolis event is being advertised on the Making Home Affordable website. It will be taking place on Saturday, July 24, from 9 a.m. – 3 p.m. at the Minneapolis Hilton. Click here for more details. [...]

Fannie Mae recently announced that it plans to punish people who strategically default on their mortgages.  This announcement was met with skepticism by some housing and lending experts.
It’s difficult to blame Fannie Mae for being nervous about people walking away from their mortgages when strategic default is being regularly reported on in the news:
Owners [...]

What do you do if you can’t sell your house for the amount that you owe on the mortgage? In the current economy, this is a common problem. When you owe more than your house is worth, you are considered to be “underwater” or “upside down”. Another name for this situation is “having negative equity”. [...]