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Govt. to pay homeowners $1,500 to move

Govt. to pay homeowners $1,500 to move

Homeowners who are in over their heads but have been unsuccessful at getting a loan modification may get some different help from Uncle Sam — $1,500 to move if they sell for less than they paid for the house, reports … Read More

Reader Mailbag: The Nascent Musician

My two year old daughter is showing a tremendous nascent interest in making music. She sings constantly . She uses her hands as percussion all the time on her knees, on the table, and anywhere else she can use them. … Read More

Foreclosures are still ‘the hot ticket’

The expected market time for foreclosures in Orange County is ”a mind numbing 1.14 months, a deep seller’s market,” says Steve Thomas of Altera Real Estate in his bi-weekly analysis of  local real estate. Foreclosures make up 33% of the housing inventory in … Read More

Making Some Design Changes On Lenderama.com

Making Some Design Changes On Lenderama.com

You may notice a few changes on our blog over the next week or so.  I realize that there are a few missing links and contributors, but this is still a work in progress. Just didn’t want anyone thinking we … Read More

Are There Disadvantages to a Reverse Mortgage?

Before signing on the dotted line, you need to know whether there are disadvantages to a reverse mortgage. It’s important to realize that reverse mortgage lenders are in business to make as much money as possible. The loan that you … Read More

Short Sales and 2nd Liens

A couple of articles tonight that fit together with my earlier post: Housing: A Tale of Boom and Bust and a Puzzle The puzzle is when the banks will start moving ahead with distressed sales (foreclosures and short sales). First … Read More

Report: Fed to Keep Supervision Authority of Large Banks

The Financial Times reports: Big bank oversight to stay with Fed Chris Dodd … is set to propose this week that the 23 largest institutions stay under the Fed’s oversight … At issue … was the regulation of several hundred … Read More

What Is The Process In Obtaining A Reverse Mortgage?

The process in obtaining a reverse mortgage may not be that easy. What Is The Process In Obtaining A Reverse Mortgage? There are several different ways to go about obtaining a reverse mortgage. You can generally talk about a respectable … Read More

What Is A Set Aside For A Reverse Mortgage?

What is a set aside for a reverse mortgage? What are some of the related costs of getting a reverse mortgage? Do all reverse mortgages have these fees? When you receive a reverse mortgage there is an amount set aside … Read More

How Common are Reverse Mortgages?

Reverse mortgages appear to be more popular today than ever and many seniors are using this option to better their lives, improve their finances and pay for medical costs. So , how common are reverse mortgages? What Is a Reverse … Read More