eMortgage Health

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After some very publicized neglect when it comes to Veterans issues, such as the omission of Veterans Loans from the Economic Stimulus Act of 2008, Congress is taking steps to improve the lives of Veterans. One such effort, the Helping Veterans Keep Their Homes Act of 2008 (HR 4884), is being led by Representative Bob Filner (D-CA). Filner is the chair of the House Committee on Veterans' Affairs. Although the rate of VA Loans going into foreclosure remains lower than the national ..>>.

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For many people that took advantage of short rates back a few years ago the finding that their loans are increasing and putting themselves and their homes at risk. Some of those people are now seeking foreclosure help to reorganize their debt and, save their investment. Sometimes a loan may be the best route as frequently the interest can be tax deductible. You should always check with your accountant or local state laws.You can apply for a debt consolidation loan at most .. read the rest.

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From the Wall Street Journal: Some Buy a New Home to Bail on the Old Fannie Plans Rules To Avoid Practice Described as Fraud By NICK TIMIRAOS June 11, 2008; Page A3 In markets hit hardest by falling home prices and rising foreclosures, lenders and brokers are discovering a new phenomenon: the "buy and bail," in which borrowers with good credit buy a new home — often at a, much lower price — then bail out of the "upside down" mortgage on their first home. Homeowners are able to pull off .. Keep Reading.

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