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Dan Green of Daily Mortgage Reports wrote a comprehensive explanation of President Obama’s new Home Affordable Refinance Program (HARP). “The government announced changes to its HARP program October 24, 2011. This post is accurate and up-to-date. If you’re underwater on your conforming, conventional mortgage, you may be eligible to refinance [...] Two Phoenix area men, among others, have been sentenced to two to five years in prison in connection with foreclosure rescue scams and mortgage scams. Operating through The Guardian Group, LLC and Phillips Luxury Homes LLC, the men defrauded homeowners and banks alike. In an effort to spur economic recovery, the U.S. government is rolling out an overhauled homeowner refinance program. This program is intended to assist those who are upside down in their home loan situation. However, loans that exceed the current limit of 125% of the property’s value won’t be able to participate until early next [...] |
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