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You can stop foreclosure with loan modification . I think most of us know this by now. But how does one restructure their mortgage? How are homeowners suppose to lower their mortgage payment with a loan modification. Should a homeowner hire a third party to modify their home loan? There has been a remarkable number of homeowners who have been ripped off by so called loan modification companies. These for profit outfits have been sprouting up every where. They charge hyomeowners 1500... Read Full Story

The state of California has a loan payment help program for unemployed homeowners who meet the basic qualifications for the CA foreclosure prevention assistance programs created with the funds given to the state by the Hardest Hit Fund. The California mortgage payment assistance will cover eligible unemployed CA homeowners with the monthly mortgage payment for up to 6 months. The program is officially known as Unemployment Mortgage Assistance or UMA. The Hardest Hit fund provided about... Read Full Story

Well there is a new blog being developed by the same debt help niche developers that are working away at the free web-based debt help and mortgage assistance resource found @ HomeownerDebtHelp.com   This new blog in the works is said to focus on bringing as many debt help related bloggers together as possible in an effort to make a dent in the impossible debt niche. It is called the Loan and Debt Assistance Blog and will be found on a blogspot domain…. LoanDebt.blogspot.com There is... Read Full Story

Modification of Mortgages Mortgage modification will stop foreclosure .  A mortgage modification is the product of modifying or altering the term of a mortgage. Mortgage modification is a loss mitigation tool used to save troubled mortgages. Through mortgage modification a homeowner is able to reduce the monthly payments on the mortgage as well as the mortgage principle. Mortgage modification is growing in popularity because of the favorable terms a Loan Modification can produce for the... Read Full Story

Holders of debt can utilize debt solutions as a means to deal with the overwhelmingly high amounts of debt. If levels of debt become to large for a borrower to manage then the right debt solution for the the applicable situation may be the answer. Many consumers who have traditionally been responsible borrowers have suddenly found themselves in a financial hardship due to the downward trending economy. Following this logic it is easy to see why the need and demand for consumer debt help is... Read Full Story

Finding Hope and Positive Trends Amidst the Aftermath of Financial Hardship and the Resulting Economic Turmoil   Many American homeowners are having trouble making their monthly home loan payments. This is no surprise to most. The turmoil of financial hardship in this country are no longer kept quiet. We are all aware of the housing and home loan crisis.   Though most of the consequences of over spending and borrowing are negative, if you look closely, you can find a bright spot here... Read Full Story

I thought I would drop a post highlighting some resources on the web for American Homeowners who need to stop foreclosure or are having mortgage trouble. Websites Recommended www.Hud.Gov Provides a lot of foreclosure info A lot of to info is a bit hard to understand but there is a wealth of information MakingHomeAffordable.Gov This is the official site for the Obama homeowner help program for homeowners who need to stop foreclosure and make home affordable . What do these... Read Full Story

President Obama has had it out for the Credit Card industry for quite some time. In fact for years president Obama has talked of a hypothetical Credit Card Holder bill of Rights . Well it seems as if President Obama is now getting what he has so patiently waited for all these years. Obama is taking a shot at the entire credit Card Industry. He has managed to get several legislative restrictions to pass through both the house and Senate. He will undoubtedly sign it.  Some are saying that... Read Full Story

Debt is nothing new to anything American. The national debt is steadily on the rise and speeding up. The American consumer has loads of debt . Consumer debt has paid for our cars, education, vacation, home, furniture, small purchases, and even that brand new flat screen TV we got from Best Buy. This post has been developed as a debt resource. Debt Basics Debt is money that is owed to a creditor. There are two main forms of debt. There is unsecured debt and secured debt. Unsecured... Read Full Story

The US Government  mortgage assistance efforts are hard at work. HUD is pushing out another billion dollar loan help program. The new program is a HUD bridge loan program for homeowners . These loans will be originated for terms of two years. They will not charge any interest and all the will be given a low priority status in terms of hierarchy in collections. this is commonly refered to as junior lien debt. The program is said to be called the HUD Emergency Homeowner Loan Program . HUD... Read Full Story