Posts Tagged ‘Owner-occupier’
Help for people during the housing crisis
Even if your family isn’t having mortgage trouble, you probably know one that is: One in five homes on the market is a foreclosure, a record 200,000 foreclosures are occurring each month, and existing U.S. home sales have hit a 10-year low. Money coach Lynnette Khalfani-Cox helps three families solve their home-ownership dilemmas.
“We’re stuck with a home we can’t sell.”
— Michelle and Tom Magnetti
Michelle is a 28-year-old recruiter for the Department of Defense; Tom is a 31-year-old new-home-sales consultant; they have a daughter, Giuliana, 11 months.
Read Lynnette’s advice on Redbook.com
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How can I recognize a foreclosure rescue scam?
If you’re a cash-strapped homeowner, an offer to modify your mortgage or help you avoid foreclosure no doubt sounds tempting. After all, you may be behind on your home loan. Credit card bills could be past due, as well. And you’re likely struggling just to make ends meet.
But when someone comes along promising to help you save your home, how do you know whom to trust?
Fortunately, there are reputable organizations available to help financially troubled homeowners – as well as some telltale signs that can tip you to a foreclosure rescue scam.
Article continued on AOL Real Estate
Related articles
- Is a short sale better for my credit rating than foreclosure? (askthemoneycoach.com)
- Bankruptcy can save your house from foreclosure (money.cnn.com)
- Foreclosure could claim more than 1 million homes in 2010 (usatoday.com)
- Brooklyn man convicted in mortgage scam (nydailynews.com)






