Can I buy this home? To more accurately determine how much you can afford to spend on your mortgage, lenders typically use two ratios. Click Here to Find Out
To make it more attractive for the services to accept a sale on defaulted properties for less than the outstanding mortgage balance, the US Treasury is offering incentive payments of $1,000 per completed short sale. Services will also receive $1,000 for each deed-in-lieu of foreclosure. Read More…
I just came across this article about Pat Quinn signing the Foreclosure Bill and thought I’d share it with you. The more you know the easier everything becomes. Troubled Illinois homeowners facing foreclosure will get up to a 90-day grace period under a law signed by Quinn on April 5. Public Act 95-1047 gives homeowners… READ MORE