Truth in Foreclosure

My Short Sale Story…Part 3

As the date for our first mortgage ARM reset draws near, we've been increasingly concerned about what it's going to mean to our finances. Even though our interest rate will drop from 6 percent to about 4.75 percent, our payment will still go up...come see why and double-check my math...

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Who Determines What’s An Acceptable Workout?

When you start negotiating with your lender or servicer, it may seem like they're dragging their feet. But what you don't see is everything that's going on in the background. Because of the primary and secondary mortgage markets and private mortgage insurance, your service may just be collecting your information to pass on to someone else. The more you know about your loan and the mortgage market in general, the better off you'll be in negotiations. Check out the video on why mortgage guidelines matter to you as a consumer too.

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