Helpfulinvesting.com

RISMEDIA, November 12, 2010—(MCT)—Union County, N.C., homeowner Barry Lancett signed two agreements with a national lender this year to modify the terms of his mortgage but still received a disturbing piece of paperwork: a foreclosure notice. “A deputy comes to your door and delivers it in front of the community,” said Lancett, who later avoided foreclosure but is still dealing with lingering issues. “It was humiliating, to say the least.”

His experience is one of the biggest frustrations for struggling …

RISMEDIA, November 6, 2010—(MCT)—Melinda Thompson can’t afford to live in North Jersey. And she can’t afford to leave. Her property taxes have risen from about ,000 to about ,000 in just seven years. She struggles with her mortgage payments, even after her lender modified the loan.  But she can’t sell her raised ranch in Little Ferry, NJ unless she’s willing to take a substantial loss. And she thinks her job prospects wouldn’t be nearly as strong in other regions.

Like …

RISMEDIA, August 6, 2010—(MCT)—Bruce Baldwin is well past the “extreme excitement” he felt when he became a first-time homeowner three years ago. In fact, the cabinetmaker has now joined thousands of homeowners who face foreclosure. He says he feels so snake-bit by homeownership that he doubts he’ll ever buy again. “It was the American Dream. Now I could care less if I ever deal with a bank again,” said Baldwin, who lives in Ocoee, Fla., not far from Orlando. “What …

RISMEDIA, July 19, 2010—“Homeowners and buyers who are sitting on the sidelines should get moving today, unless they want to get blindsided by the impact of a new law,” said Gibran Nicholas, Chairman of the CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. “The massive financial reform law that just passed Congress has two main components that could very negatively impact homeowners and home buyers in the future.”

Harder to qualify for a mortgage
“The new …

RISMEDIA, July 7, 2010—With so many homeowners facing tough decisions about their mortgages in or approaching default, questions abound about how to best handle the complex situation with the bank lenders they’re indebted to. To help clarify such confusion and shed light on optimal homeowner options, real estate finance expert Marian Anthony, author of Short Sale RUSH, sheds light on the five most common questions homeowners in default are asking.

1. Should I intentionally default on my home mortgage?
Today, …