Friday, May 8, 2009

Mortgage Fix May Hurt Your Credit Score - CNBC

Homeowners who cannot pay the mortgage may be desperate to get rid of their obligation. There are many options available: refinance, loan modification, short sale, deed-in-lieu of foreclosure, foreclosure or bankruptcy. CNBC.com Lenders report these ..., more 
and White House Silence Paved Way for ‘Cramdown’ Crash - Common Dreams  Though mortgage bankruptcy reform has been a central component of the Obama administration's foreclosure prevention strategy, the White House all but abandoned the proposal in the days leading up to last week's Senate vote, providing some Democrats ..., more 
and Short sale and your credit - CNN Money  NEW YORK (Money Magazine) -- Q. We have to relocate because of my husband's job. Our home value has fallen nearly $100,000. We would like to get rid of it, but we don't want to go into foreclosure. Someone mentioned a short sale. What impact would ..., more 

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