Archive for September, 2010

After he bought his Dallas home last year, attorney Talcott Franklin found a novel way to eliminate a musty odor emanating from a basement well installed as part of a previous owner’s air-raid shelter: He used boat hatches to seal it.

No mortgage mods for the jobless

Unemployed homeowners cannot count jobless benefits as income when applying for mortgage modifications if they have loans backed by Fannie Mae. That could greatly limit their ability to get a long-term reduction in their monthly payments.
IT'S ONLY MONEY BLOG: More homeowners dropped out of the government's foreclosure-prevention program last month while questions arise about the legality of thousands of foreclosures nationwide.

No mortgage mods for many of the jobless

Unemployed homeowners cannot count jobless benefits as income when applying for mortgage modifications if they have loans backed by Fannie Mae. That could greatly limit their ability to get a long-term reduction in their monthly payments.
Although the month had fewer cancellations, they still overshadowed the program's modest progress. Foreclosure - Making Home Affordable - Loan - Mortgage - Unemployment