The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged today within its target range of 0.000-0.250 percent.  The Fed also reiterated its plan to support the mortgage market to the tune of $1.5 trillion.
In its press release, the FOMC noted that the economy may still be contracting, but that it’s not [...]

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The kitchen in our homes is statistically the most “lived in” room for most of us.  So what better reason is there to enjoy the many pleasures that come from preparing authentic international dishes that are as good or better than those you get at a restaurant for you, your family, [...]

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After attending the International Home and Housewares show, The Today Show filmed a 5-minute segment called “Housewares You Won’t Be Able To Live Without”.
The title is somewhat over-the-top but don’t let that turn you off.  The gadgets reviewed are both practical and inexpensive.  They include:

Make-no-mess vegetable peeler for the kitchen
Efficient kabob tool for the grill
Grow-In-Your-Kitchen [...]

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Since 2007, foreclosures have dominated real estate news.  You can’t turn on the news or open a paper without some foreclosure-related story.
But for all of the discussion, foreclosures continue to be geographically concentrated.
Adding up the latest stats from RealtyTrac.com, more than half of the country’s foreclosure actions from March occurred in just 3 states — California, Florida and Nevada.
Those [...]

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Congratulations! Your loan modification is almost done. Here are just a few tips to wrap up the process.

You’ll receive a loan modification packet from your bank that looks very similar to loan documents. Review them to ensure the following terms are what you agreed to:

Interest [...]

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If you’ve gotten this far, congratulations! It means you’ve been approved as a loan modification candidate and the bank has or will be making you an offer very soon. This post will cover some ways to negotiate with your lender to get the best possible modified terms for your new [...]

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So far we’ve discussed the basics as it relates to getting a loan modification. Now we’ll talk about a few tips that will help you qualify for a loan modification. These tips are centered around your hardship letter and the monthly expense worksheet.

The hardship letter

Called an LOE in the biz (letter [...]

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Image by TheTruthAbout… via Flickr
So far we’ve discussed the basics as it relates to getting a loan modification. Now we’ll talk about a few tips that will help you qualify for a loan modification. These tips are centered around your hardship letter and the monthly expense worksheet.

The hardship letter

Called an LOE in the biz [...]

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So far in this series we’ve talked about the process of loan modifications, how to get started and how to collect the information you need to accurately complete your monthly expense worksheet. The monthly expense worksheet is going to be used by your lender to determine if you qualify for a [...]

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Once you’ve received your loan modification application from your lender it’s time to do your home work. What do we mean by “your homework?” We mean simply the collecting and ascertaining of your income and expenses in order to successfully complete your loan modification application.

In brief – think back to [...]

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