Archive for the Foreclosure Category

The Morality of Walking Away

Craig on 03 1, 2010 | 22 Comments

This is not legal advice. For legal advice, consult an attorney not a blog. I came across this interesting article in the Wall Street Journal, that bastion of conservatism. The article goes into s

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How Does a Short Sale or Foreclosure Impact Your Credit

Rhonda Porter on 12 4, 2009 | 5 Comments

Ardell posed a question on her last post about credit scoring that I've been meaning to address here at Rain City Guide on how credit scores are impacted by short sales or foreclosure.    When I wa

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Fannie Mae Announces Deed for Lease Program

Rhonda Porter on 11 5, 2009 | 29 Comments

In a press release this morning, Fannie Mae announced a new program for homeowners who are facing foreclosure and who do not qualify for a loan modification:  Deed for Lease.  Distressed homeowners

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Distressed property rental income: Who’s money is it when a home goes into default?

Tim on 08 12, 2009 | No Comments

This is both a legal question and an ethical issue. I've bumped into this, not in the workplace, but out looking at property :   A home that is in process of either a short sale or heading to for

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