HARP Program Extended Through June 2012
If you are one of the few Nevada residents that is current on your mortgage and you are seeking a loan modification, good news! The Federal Housing Finance Agency has extended the Home Affordable Refinance Program to June 30, 2012. The program allows homeowners with loans administered by Fannie Mae or Freddie Mac, who are current […]
Homes Projected to Remain Underwater until 2020
According to the latest research by First American CoreLogic, average Las Vegas area homeowners will not return to positive equity in their homes until the year 2020. Negative equity, also referred to as “being underwater,” refers to a homeowner owing more on the mortgage than the home is worth. In the U.S., the typical underwater […]
Strategies Regarding Negative Equity.
There was an interesting article in Sunday’s Review Journal about the Nevada foreclosure market and the mediation program . The link is provided below. While I agree that modification should be thought of more as an achievement than an entitlement, I do not propose that people should merely walk away from their homes as one suggested. There are various strategies to […]