[caption id="attachment_273" align="alignleft" width="150" caption="Natural disasters often leave homeowners holding the bag on mortgages, property taxes and more."][/caption] We’ve all seen the devastating television footage of Mother Nature’s fury. From out of control wildfires in the Southwest to historic flooding and the ravages of hurricanes in the Northeast, it seems that no one is immune...
The September 29, 2011 final deadline for the Emergency Homeowner’s Loan Program passed without much fanfare, but it left in its wake several hundred thousand mortgage holders who desperately needed financial assistance to keep their homes. Officials at the U.S. Department of Housing and Urban Development (HUD) estimate that only about “10,000 to 15,000 homeowners...
Editorial note: This blog post ran 8/20/2010 on Huffington Post. It is reprinted with permission from Huffington Post. [caption id="attachment_191" align="alignleft" width="300" caption="Even with Federal mandates, foreclosures continue to rise."][/caption] When the economy crumbled in 2008 as real estate values plummeted, Congress was under pressure to appease the public's demand for action to stem the...
[caption id="attachment_84" align="alignleft" width="300" caption="Welcome 2010"][/caption] Smart Money recently ran a great piece on the basics of understanding the bankruptcy filing process (http://articles.moneycentral.msn.com/Banking/BankruptcyGuide/10-secrets-of-filing-for-bankruptcy.aspx). Many of the issues presented are ones we witness every day in our Salem, NH office. Hardworking Americans are struggling because of medical expenses, unemployment has wrecked havoc by leaving families with mounting debt and potential...
[caption id="attachment_28" align="alignleft" width="413" caption="A growing number of foreclosure signs are appearing in neighborhoods across the country."][/caption] The real estate boom of the late 1990’s and early 2000’s caused a super inflated valuation of both property and the attached mortgages. Many individuals and families anxious to assume their place in the American Dream became homeowners...