May
18

Imagine this: You've just been offered the job of your dreams, and you're ready to take the leap and move on the next exciting stage of your life. The only problem? The new job is in another state, and you're a homeowner with an underwater mortgage. ... Read More

Posted on Upside Down Mortgage Blog on May 18th, 2012


May
16

Underwater homeowners who are looking to make their mortgage more affordable have two main options: home loan modification or mortgage refinance. While they sound similar (and people sometimes use the terms interchangeably), loan modification and ref... Read More

Posted on Upside Down Mortgage Blog on May 16th, 2012


May
10

Homeowners with an underwater mortgage have many options. Two of the big ones are trying to obtain a mortgage refinance vs. selling the home in a short sale. Both have their advantages and disadvantages, which you need to carefully consider before ma... Read More

Posted on Upside Down Mortgage Blog on May 10th, 2012


May
9

When it comes to paying back money, many people take a pretty inflexible view: If you've received a loan, you're morally obligated to pay it back. Period. That attitude makes a lot of sense when you're talking about a personal loan you receive from a... Read More

Posted on Upside Down Mortgage Blog on May 9th, 2012


May
4

If you have an underwater mortgage and are considering a short sale or foreclosure, you'll need to think about the affect that either action could have on your credit. Both will cause your credit score to fall (though the impact of a short sale on cr... Read More

Posted on Upside Down Mortgage Blog on May 4th, 2012


May
2

If you're seeking underwater mortgage help, you have a number of different options. Some underwater homeowners might pursue loan modifications, for example, while others may attempt a short sale or deliberately default on their mortgage loan. The rig... Read More

Posted on Upside Down Mortgage Blog on May 2nd, 2012


Apr
27

If you're underwater on your mortgage, you may feel overwhelmed. Should you try to get a loan modification? Attempt to avoid foreclosure by selling your home in a short sale? Or just go ahead and let the bank foreclose? The right answer for you depen... Read More

Posted on Upside Down Mortgage Blog on April 27th, 2012


Apr
25

Individual homeowners aren't the only people who may be in need of underwater mortgage help. Landlords, whether they one just one rental property or many, have also had to deal with the problem of having a mortgage that exceeds the value of the prope... Read More

Posted on Upside Down Mortgage Blog on April 25th, 2012


Apr
24

It's unfortunate, but the real estate crisis has brought some unscrupulous people out of the woodwork. These scammers claim to offer underwater mortgage help to homeowners, but they're really just trying to take their money and sometimes their homes.... Read More

Posted on Upside Down Mortgage Blog on April 24th, 2012


Apr
20

Earlier this month, the federal government's Consumer Financial Protection Bureau (CFPB) unveiled a set of proposed rules designed to improve the way that mortgage servicers communicate with homeowners, especially those who have an underwater mortgag... Read More

Posted on Upside Down Mortgage Blog on April 20th, 2012


Apr
18

Recently, Bank of America (BOA) announced a new program that it says will help underwater homeowners avoid foreclosure and stay in their homes. The solution? Renting from the bank. Here's how Bank of America's "mortgage-to-lease" program works. Some ... Read More

Posted on Upside Down Mortgage Blog on April 18th, 2012


Apr
13

If you're considering a short sale vs. foreclosure, you need to think about the impact a short sale or foreclosure will have on your credit score. While you can't avoid the fact that your credit score will fall if your lender forecloses or you sell y... Read More

Posted on Upside Down Mortgage Blog on April 13th, 2012


Apr
11

Homeowners who need underwater mortgage help and are considering short sale vs. foreclosure all tend to have the same question: Will I ever be able to buy a home again?While everyone's situation is different, selling your home in a short sale or goin... Read More

Posted on Upside Down Mortgage Blog on April 11th, 2012


Apr
6

For the past few years, people with an underwater mortgage who've lost their homes to foreclosure or sold them through a short sale have enjoyed a great perk courtesy of the federal government and the IRS – they haven't needed to pay taxes on c... Read More

Posted on Upside Down Mortgage Blog on April 6th, 2012


Apr
4

You've probably heard about HARP, or the Homeowner Affordable Refinance Program, a federal initiative designed to provide underwater mortgage help to homeowners with Fannie Mae or Freddie Mac loans refinance with lower payments and more stable (or fi... Read More

Posted on Upside Down Mortgage Blog on April 4th, 2012


Mar
30

We all know that you don’t say the “F” word in polite company.  Yet there’s another “F” word that is apparently taboo as well.  And we want you to go ahead and say it. Foreclosure.  Then let’s ... Read More

Posted on Upside Down Mortgage Blog on March 30th, 2012


Mar
28

At Homeowner 101 we believe that no matter what situation you’re in – underwater mortgage, unable to make your payments, need to move but can’t sell – you have options.  The only wrong decision is to not make one.  S... Read More

Posted on Upside Down Mortgage Blog on March 28th, 2012


Mar
21

We recently published a blog post on loan modification options for distressed and underwater homeowners. One of the options we mentioned but didn’t elaborate on there was the federal government’s Making Home Affordable Program ... Read More

Posted on Upside Down Mortgage Blog on March 21st, 2012


Mar
14

Do you really love your home, yet are finding it harder and harder to make your mortgage payments? Has your mortgage interest rate gone up so much that you struggle to find the extra money to make your payments? Have you or your spouse lost a job and... Read More

Posted on Upside Down Mortgage Blog on March 14th, 2012


Jan
23

Did you know that the average American moves every 7 years?  That movement – buying, selling – helps drive a healthy real estate market. And a healthy real estate market helps drive the U.S. economy. One could argue that economic rec... Read More

Posted on Upside Down Mortgage Blog on January 23rd, 2012


Nov
4

by Olga Pierce and Paul Kiel, ProPublica March 8, 2011, 1:37 p.m. For the past year, we've been digging into the administration's fumbling efforts. We've crunched a lot of numbers along the way, and now we're sharing what we found – including l... Read More

Posted on Upside Down Mortgage Blog on November 4th, 2011


Oct
31

Heads (you stay) or tails (you move) – this is just the beginning in deciding what you should do about your upside down house (when you owe more on your mortgage than your home is worth). Both sides (staying and leaving) have pros and cons. And... Read More

Posted on Upside Down Mortgage Blog on October 31st, 2011


Oct
27

In the blog article Underwater Mortgage? You Can Be Better Off Than You Think. Really! we talked about how a mortgage default (foreclosure) – which many homeowners consider to be the option of last resort – could leave you far better off ... Read More

Posted on Upside Down Mortgage Blog on October 27th, 2011


Sep
27

Today… There are a lot of American families feeling a lot of pain right now. From an unemployment rate that’s still at historic highs to a real estate recovery that just won’t take hold, if you’re like most of the rest of us,... Read More

Posted on Upside Down Mortgage Blog on September 27th, 2011