National foreclosure trackers report that foreclosure activity across the United States has hit a 6-year low, dropping 23 percent from this point last year alone. While the general trend is downwards, certain states are still seeing agitated foreclosure activity. States such as Florida and New Jersey have witnessed foreclosure increases by 55 and 91 percent [...]

If you’re like the 40 million American homeowners struggling to avoid foreclosure, you understand the need to find a reliable solution to avoid foreclosure. For many homeowners, the most appealing option is a short sale. Instead of dealing with modifications, those who owe more than their home is worth find a short sale to be [...]

A recent study by the Federal Trade Commission reveals that approximately 25 percent of consumers have identified errors on their credit reports, which in turn negatively impacts their credit scores. Damaged credit scores result in higher interest rates, fees, and paying more in general. This eye-opening study reveals why it’s more important than ever for [...]

Wells Fargo and Bank of America have both been accused of breaking their refinancing terms as prescribed by last year’s mortgage settlement. Under the terms of last year’s national settlement, banks have 30 days to respond to all mortgage modification requests. By delaying their responses, Attorney General Eric Schneiderman says the banks are pushing homeowners [...]

In 2013, credit cards are a necessary part of life, especially if you want to rebuild your credit and regain the trust of lenders after a bankruptcy. Avoiding debt with a credit card might sound counter intuitive, but it’s possible and it’s the key to reestablishing or improving your credit. Healthy credit card practices are a [...]

Even with the recovery of the housing market, many homeowners are still financially struggling with their mortgage payments. Of course, homeowners who are underwater with their mortgages are fighting to avoid a foreclosure, but with so many options available, it can be difficult to make a proper decision. Furthermore, foreclosure law and predatory lending make [...]

If you are one out of the 10.8 million American homeowners with an underwater mortgage, you know how financially challenging it can be to avoid foreclosure and recoup your home’s value. While refinancing is a popular option to get back on track with mortgage payments, it also has many pitfalls as well. By knowing common [...]

Many homeowners purchase their homes when they’re in their mid 20′s or 30′s and spend anywhere between 15 to 30 years repaying their home loans. Since most new homeowners are so young, they’re generally healthy and professionally growing, so mortgage payments are manageable. However, unexpected life events can take the life of even a healthy [...]

Pinnacle Foods is proud to announce that they have officially completed their refinancing plans as previously stated. By reorganizing their debt, Pinnacle Foods will benefit from lower interest rates and be able to advance its debt maturity profile. The announcement comes after the initial public offering for Pinnacle Foods was a huge financial success. Pinnacle [...]

With the bombs at the Boston marathon and the fertilizer plant explosion in Texas, many Americans are asking what they can do to help. It’s this resilience of the American spirit that encourages people to donate to charities to help out even if they’re across the country. However, the IRS has issued a new warning [...]