Citigroup just announced that they are going to try and help the unemployed by lowering their monthly mortgage payments to an average of $500 a month for up to three months.
Citigroup has been in experiencing some hardships lately and with the recent US Government bailout they received, this will be the 3rd try at saving [...]
Continue reading about Citigroup Gives Unemployed Mortgage Payment Break
One of the new items in the stimulus program is offering a $8,000 credit or up to 10% of the purchase price of the home, which ever of the two is less.
Here are the specs to see if you qualify:
purchase is a primary residence
must be first time buyer
Purchased before December 1st
Property can not be from [...]
For the month of January, banks took control of 835 houses and condos in Orange County. It seems as though foreclosures have been on a steady rise over the past months and analysts are unsure if there are any signs of this trend letting up.
Even with Obamas new $75 million mortgage aid, many are torn [...]
Continue reading about OC Foreclosures up for 4th Month in a Row
President Obama has launched his latest action plan to use $75 billion dollars to give to homeowners, mortgage investors, and loan service companies but also push another $200 billion to help out Fannie Mae and Freddie Mac.
Some key points include:
People whose monthly payments are more than 43% of their monthly income are lowered with goventment [...]
