Author: Marina

Obama’s Loan Modification Plan: 7 Things You Need to Know

Obama’s Loan Modification Plan: 7 Things You Need to Know The White House releases fresh details on its plan to save the housing market By Luke Mullins Posted March 4, 2009 At the heart of the President Barack Obama’s ambitious plan to rescue the housing market is the conviction that restructuring distressed mortgages will keep… READ MORE

Home sales in Chicago area start to show more signs of life.

Optimism grows as sales increase slightly, median price up from previous month By Mary Ellen Podmolik | Tribune reporter In the past few weeks, agents say an undeniable scent of sales is in the air, and data released Thursday gave credibility to their talk. March sales of previously owned single-family homes and condominiums in Illinois… READ MORE

How long do bankruptcies and foreclosures stay on a credit report?

Bankruptcies and foreclosures can remain on a credit report for seven to 10 years. Some lenders will consider a borrower earlier if they have reestablished good credit. The circumstances surrounding the bankruptcy can also influence a lender’s decision. For example, if you went through a bankruptcy because your employer had financial difficulties, a lender may… READ MORE

Today’s Real Estate News

Today’s Real Estate News 4/21/2009 Failed flip flirts with foreclosure Today’s Real Estate News Provided by Inman News Monday, April 20, 2009 Desperation drives investor to risk credit, deficiency judgment Benny Kass Inman News DEAR BENNY: I am retired. About 18 months ago (before the economic crash), I bought a fixer-upper and renovated it, but… READ MORE