Container Top
Homes   Jobs   Cars   Shopping
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Pets:
Cat-loving chihuahua suckles seven abandoned kittens

The Heldenfiles:
Friday Night Notebook

Patrick McManamon:
Browns vs. Lions live …

Akron Zips:
Akron trounces Howard to reach .500

Tribe Matters:
Seven players added to Tribe’s 40-man roster

Cleveland Browns:
Robiskie, Harrison inactive

Kent State Sports:
Kent State blown out in second half, loses to Temple 47-13

Cleveland Cavaliers:
Gameblog: Cavs vs. Philadelphia 76ers

Buckeye Blogging:
OSU – Michigan college football rivals meet in Baghdad

Varsity Letters:
Four area football teams play tonight

All Da King's Men:
The Sunday Sanity Challenge

Blog of Mass Destruction:
Will Health Care Reform Pass?

Akron Law Café:
Health Care Financing Reform: (69) The Brookings Institute Study on "Bending the Curve" – Four General Strategies

See Jane Style:
Vintage Chic

Car Chase:
TIME TO GET YOUR COLLECTOR CARS WINTERIZED

Let's Talk Real Estate:
Silverdome Potentially SOLD!

Ohio Travels with Betty:
George is looking for a Thanksgiving buffet in Akron.

Sound Check:
Steely Dan Plays "The Royal Scam" at E.J. Thomas Hall

HRLite House:
A Random Rant on Testing

Akron Gamer:
Nintendo's Mario endures even as games come and go

Financially troubled homeowners can save houses

 

Homeowners having trouble making the house payment have lots of company, and they have lots of ways to save their homes.

The best way is to call their mortgage companies as soon as a problem seems at hand.

''The bank would much rather work out a deal with the homeowner than an investor or another buyer,'' said Jeremy Brandt, who runs two homebuyer companies.

Lenders say they can lose as much as a third of a loan's value in a foreclosure. They lose much less money by reworking loans so homeowners can meet their payments.

Specifically, a lender can agree to delay payments or modify a loan to make payments manageable.

A lender also might simply be willing to take back a house without foreclosure, which does less damage to the owner's credit history.

''Homeowners don't realize the lender is not their enemy,'' said housing advocate Mike Clarke.

 

Get the full article here.


Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button
















Most Commented Stories