Friends of Elaine Avenue, Inc.

Real Estate, Property Values and Homeowner Resources

Obama Loan Modification Plan Explained

The key components of Obama's foreclosure-avoidance program are loan modification and loan refinancing. The details of this provision has created an extraordinary opportunity for millions of people to either...

Tags: Homeowner – Thrifty – Mortgage – Staff Pick

HAFA provides new short sale and deed-in-lieu options

A new federal government program, called Home Affordable Foreclosure Alternatives, encourages lenders to pursue alternatives to foreclosure. Millions Facing Foreclosure No homeowner wants to face...

Tags: HAFA – Homeowner – Foreclosure – Staff Pick

What Is A Deed-In-Lieu?

There are unprecedented numbers of families faced with the possibility of foreclosure. A foreclosure-in-the-making situation looks something like this: you are financially strapped, have missed consecutive...

Tags: Financial – Thrifty – Credit – Foreclosure – Mortgage – Staff Pick – Association

Features of Reverse Mortgage Loans

A reverse mortgage is special type of loan for senior homeowners that use a home's equity as collateral and you do not have to repay the loan as long as this home remains your principal residence. Because a...

Tags: Mortgage – Homeowner – Thrifty – Financial

FHA Home Loan Financing and Benefits

FHA Home Loan Financing and Benefits FHA home mortages have many advantages from lower downpayments to stronger protections. Benefits of an FHA insured Mortgage How can the FHA help you buy a home? FHA...

Tags: Homeowner – FHA Loan – Mortgage – Thrifty

For Sale By Owner: How To Sell Your Own Home

Selling your home on your own can save you thousands of dollars in commissions, but you have to be willing to put in the extra effort. Learn how to go through the “for sale by owner”...

Tags: Homeowner – Staff Pick

Pros And Cons Of Owner Financing

Find out the possible advantages and disadvantages of an owner-financing arrangement for both the home seller and potential buyer. If you’re considering entering into an owner-financing arrangement for...

Tags: Homeowner – Staff Pick

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