Although some states are slightly recovering from the real estate crash, other states are still struggling with the effects of recession.  A lot of people lost their jobs that also caused a lot of homeowners to lose their homes because of their inability to pay the mortgage.   The Obama administration announced that they will provide more funding worth $1.5 billion to address the housing crisis in states that have the highest rate of unemployment and greatest drop in home values.

The program will use the funds set aside for housing under the Emergency Economic Stabilization Act (EESA) of 2008 and will…

It is worth taking your time to find and assess different deals to get on your mortgage.  Whether you’re buying or selling a home, it is important to decide whether you’re going to take a jumbo loan, a thirty year fixed rate mortgage or just looking at refinancing.  Because there are a lot of mortgage and refinancing deals, you need to look for the right mortgage that will suit your budget and needs.

Refinancing a mortgage can help lower the interest rate, have more time to pay and to pay off debts.  This can be risky but the risk is lower…

Some people are afraid to do a short sale due to a number of myths and misconceptions.  Here are some myths about short sales to help you fully understand and change your mind about short sales:

1. Short sales take 12 to 18 months to close.  Here is the average time frame for an average short sale:

o 7 to 10 days for the lender to acknowledge receipt of the short sale package that includes personal documents and real estate items

o A negotiator is assigned and an additional 30-45 days for an appraisal

o An extra 2 to 3 weeks for review and…