FHA and Fannie Mae offer loans for home energy improvements. The FHA’s PowerSaver program allows those homeowners who are eligible to borrow up to $25,000 for “green” improvements, while Fannie Mae has an add-on program to mortgages specifically for energy-improvement. You can read all about these two loans at the Los Angeles Times.
A properly recorded Homestead Declaration protects the declarant from losing a portion of his or her equity due to lawsuits that result in judgment liens being attached to their property. Who is eligible for a Homestead Declaration? All homeowners that reside in their home, and use it as their principal place of residence. What are …
The Wall Street Journal posted the following article by WSJ’s reporter Nick Timiraos concerning the Home Affordable Foreclosure Alternatives short sale program: In April, the Obama administration formally rolled out a new program, called Home Affordable Foreclosure Alternatives, that was designed to spur more short sales, where banks allow homeowners to sell their homes for …
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