July 22, 2024

A Rational Reason To Default On Your FHA Mortgage

Mortgage defaults are at an all time high as property values plunge, incomes drop, unemployment rises and the average consumer is squeezed by the exploding cost of daily necessities. The housing situation is at a critical stage and not likely to improve any time soon.  Here are some highlights from a recent report by the […]

Millions Of FHA Borrowers Have Negative Home Equity Which Often Results In Defaults

Few things are more psychologically and financially damaging than the realization that you owe more on your home than it is worth.  The real estate industry has forever advised potential buyers that you “can’t go wrong owing a home since prices always go up” – a myth that exploded as the housing bubble started to […]

The End of the FHA? Early August Shutdown Looms For FHA Program

Congress has until August 2, 2011 to resolve the debate over increasing the federal debt ceiling.  A failure to increase the debt ceiling would result in the shutdown of nonessential government services. No one expects that social security checks or paychecks to the military and other essential personnel  will stop being issued but a raft […]