Foreclosure Survival Guide

Videos, tips, tools and information on surviving foreclosure.


What is Foreclosure?

Overview When someone takes out a single-family mortgage to purchase a home, refinances an existing loan, or borrows against home equity, he or she is entering into a contract. That contract stipulates that the borrower will make payments under very precise terms. If the borrower does not pay as scheduled, he or she is in violation of the mortgage contract. ...more

Guide to F.H.A. Secure Loans

If you have an adjustable rate mortgage coming due or your interest rate is already too high, you owe it to yourself to look at the safe and affordable financing options provided by government-insured mortgages through the Federal Housing Administration (FHA) ...more

Subprime Mortgage Crisis

The subprime mortgage crisis is an ongoing financial crisis triggered by a dramatic rise in mortgage delinquencies and foreclosures in the United States, with major adverse consequences for banks and financial markets around the globe. The crisis, which has its roots in the closing years of the 20th century, became apparent in 2007 and has exposed pervasive weaknesses in financial industry regulation and the global financial system. ...more

Reverse Mortgages: Get the Facts Before Cashing in on Your Home's Equity

Whether seeking money to finance a home improvement, pay off a current mortgage, supplement their retirement income, or pay for healthcare expenses, many older Americans are turning to “reverse” mortgages. They allow older homeowners to convert part of the equity in their homes into cash without having to sell their homes or take on additional monthly bills. ...more

How To Recognize A Forclosure Rescue Scam

The recent mortgage crisis has left the door open for fraudulent foreclosure “rescue” professionals who use half-truths and outright lies to sell services that promise relief and then fail to deliver. If you think you may be facing foreclosure or know someone who is, the Federal Trade Commission (FTC), the nation’s consumer protection agency, wants you to know how to recognize a foreclosure rescue scam and what your options are to help you save your home. ...more

The Foreclosure Prevention Act of 2008

The Foreclosure bill being considered by the Senate contains the following  provisions designed to address the problems faced by families and their communities in light of the foreclosure crisis. ...more

Earned Income Tax Credit

Overview The United States federal Earned Income Tax Credit (EITC or EIC) is a refundable tax credit. For tax year 2008, a claimant with one qualifying child can receive a maximum credit of $2,853. ...more

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