FHA grows to expand home buying opportunities

The FHA loan program just got yet another injection to help expand the buying opportunities for first time home buyers.
Months ago the US Treasury announced that it would offer an $8,000 tax credit to first time homebuyers (considered those who haven’t owned a home in the past 3 years) who purchase before December 1, 2009.  This [...]

Portland hosts foreclosure prevention event

A number of housing groups are coming together May 2 to educate people about their options to prevent foreclosure.  It’s called the Homeownership Preservation Event, and it’s free.  For location and details, visit http://www.dfcs.oregon.gov/HOPE.html.  Hope to see you there.

MakingHomeAffordable.gov launches

The US Treasury department just launched a new website, www.makinghomeaffordable.gov, which guides home owners in determining eligibility for either a loan refinance or loan modification program. 
The Making Home Affordable program is a safe route to ensure you get the most direct help you need, and avoid the many scams out there that are trying to take [...]

Making Home Affordable

The following is a helpful Q&A on the latest Obama plan unveiled this morning about the Making Home Affordable Program, which also mentions the Modification Initiative.  ———————————————————–
“A lot of people are asking about this – so wanted to give you something so you can answer questions…
The Obama Administration unveiled the final details of its “Making Home [...]

Homeowner Affordability/Stability Plan Facts

The following is a fact sheet provided by the U.S. Treasury Department to help answer some of the questions Americans have about the new Homeowner Affordability & Stability Plan. If you think you qualify, be sure to call the company who sends you your mortgage bill (this is your loan servicer), not the mortgage broker or banker you worked with on obtaining the loan (they are typically just an intermediary).