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What To Do About An Underwater Mortgage
What to do if your mortgage is trying to drown you Recently, here in the hallways of BLACK ENTERPRISE, a few of us editors wondered if there’s any advice we should be offering to homeowners who are...
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How to Benefit from Making Home Affordable Refinance Program
On Monday, President Obama’s administration did something that most private firms do on a regular, and arguably timelier, basis—they revisited and adjusted their plan. The two-and-a-half-year-old...
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Obama Pushes Proposal to Help Underwater Homeowners
(Image: File) President Obama on Wednesday called on Congress to make it easier for millions of homeowners to refinance their mortgage at the current record-low interest rate, even if they owe more...
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New Hope for Mortgage Relief
Richard and Melvina Bogan are trying to keep from foreclosing on their home In a twisted bit of irony, former loan officer Melvina Bogan and her husband, Richard, are fighting to save their Los Angeles...
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House Rich, Cash Poor
Njeri Barrett and her son, London, are on their way to financial stability Njeri Barrett thought she did everything right. She graduated from college, landed a job earning more than $78,000 a year, got...
View ArticleWhat To Do if Your Mortgage is More Than Your House
The good news is that according to a survey conducted by real estate web portal Zillow, 15.4% of U.S. mortgage holders have ‘negative equity’ in their homes, meaning their mortgages are worth more than...
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