In an attempt to keep foreclosed families from becoming homeless, mortgage buyer Fannie Mae has come up with a program that will rent homes back to delinquent borrowers at market rates.

While Florida foreclosure numbers fell 6 per cent between the second and third quarter, the state still shows that approximately 1 out of every 158 homeowners is currently in some stage of the foreclosure process. While no one can give exact reasons for this slight decrease, some feel that additional short sales, along with the federal government’s push for mortgage modifications, has helped slightly in damming the foreclosure flood.

Although South Florida continues to see increasing sales figures in residential real estate month after month, there are two aspects of this phenomenon that are striking. The first is that more than 80% of the sales we see are in ranges of $350,000 and under. The second, is that well over 50% of those lower priced homes are in short sale or foreclosure, with short sales predominating.

New hope for homeowner under the new Foreclosure Alternative Program (FAP) announced last month by the Obama Administration, permits troubled borrowers to deed their home back to the bank and walk away with a small amount of cash – commonly known as “cash for keys”.

Mortgage is usually the biggest debt for most families, changing that payment can be a life saver. However, how do you write your mortgage provider and tell the company that you are having a hard time of making your mortgage payment.

Why would anyone pay thousands of dollars to try to get their loan modified by 'Joe the Modifier', when the federal government and several non-profits will do them for free?

New York, New Jersey, Wisconsin and Vermont have the longest time to foreclose the house after the NOD is filed. The challenge for people in these communities is that they may think they have all the time in the world. And that mindset could prove costly.

Housing and Urban Development funding is aimed at neighborhoods that are hard-hit by foreclosure to help to help 48 state neighborhoods to stabilize the situation with foreclosures.

Hearing the word foreclosure if you are a homeowner can make you sick to your stomach. There are things you can do to stop foreclosure.

Ex CEO of a hedge fund Ken Karpman describes new life delivering pizza for $7.29 an hour.

U.S. President Barack Obama is set to announce his plan to help people who risk losing their homes because they have defaulted on their mortgages and face foreclosure. Mr. Obama will unveil this part of the recovery effort Wednesday in the southwestern U.S. state of Arizona, which has been hit hard by the mortgage crisis.

Today, President Bush signed HR 3221 into law which has many significant effects on homeowners. The Bill, in its final form, covered a number of subjects that Congress had been trying to resolve from the modernization of FHA, to foreclosure assistance for homeowners, to the shoring up for Fannie Mae and Freddie Mac...