Is it realistic to get a principal reduction on a mortgage modification?

When Bank of America announced last week that it would begin cutting loan balances for distressed mortgage borrowers, it marked a sea change in the way lenders deal with seriously delinquent loans. Until now, big lenders and servicers, such as BofA , have only given...

Mortgage rates are jumping up

Mortgage rates have shot up in the past few weeks, and may climb even higher, raising concerns about the recovery of the fragile housing market. In a move that could signal an end to an era of historically cheap mortgages, rates nationally have jumped to 5.31 percent,...

Why You Should Work With a REALTOR®

Not all real estate practitioners are REALTORS®. The term REALTOR® is a registered trademark that identifies a real estate professional who is a member of the NATIONAL ASSOCIATION of REALTORS® and subscribes to its strict Code of Ethics. Here are five reasons why it...