40% of American Households in Dire Straights

Why are More Than 40% of American Households in Dire Straights if America’s economy is doing great? A new report from the United Way, the organization known for working directly with those in poverty and in need of assistance, reports that there are more than 40% of American Households in Dire Straights.  The United Way’s … Continued

The Great Recession 10 Years Later

The Great Recession occurred 10 years ago, and our economy has rebuilt in miraculous ways.  Is there trouble looming? When it comes to the future of our economy most of us, it seems, can’t let go of our recent experience of what felt like a collapsed economy. We worry about another downturn in the near … Continued

To List or Not List

Many sellers debate the question as to whether to List or Not List. There are pro’s and con’s to both. Let’s take a look at what it means to “List your house for sale,” and  what it means to “Not List your house for sale”. Often times you hear  “For Sale By Owner,” also known … Continued

Frank Dodd Act in Review

Reports are coming out from the US Dept of Treasury which call for a sweeping financial reform including the non-popular Frank-Dodd Act. Why? Because President Donald Trump signed an executive order directing  Treasury  Secretary Steven Mnuchin to examine our nation’s financial laws.  This is the second of the Treasury’s report and is 232 pages. The Dodd-Frank Act, … Continued

Starter Homes in Short Supply

“America is experiencing a housing shortage. Not only are there fewer homes available to buyers of all income levels, those just starting out or making their first foray into home ownership are worse off than they’ve been in years. There are fewer homes available, and even if they can find a home, it’s likely to … Continued

Oregon’s Home Rescue Program

Are you behind on your mortgage payments? Facing foreclosure?  The Oregon Homeownership Stabilization Initiative (OHSI) has a program that could help you stay in your home.  The Home Rescue Program is intended to help homeowners who are struggling to keep up with their mortgage payments, or who have already fallen behind.  The program can provide … Continued

Looking to Downsize?

The Oregon Legislature is considering two bills intended to make it easier to build tiny houses legally.  Advocates across the state see tiny houses– or as they are officially known: accessory dwelling units—as one way to address homelessness and occupancy rates that are so high some cities, like Portland, have declared “housing emergencies”. The tiny … Continued

What you need before calling the bank

What You Need when Calling Bank

Requesting a HARP Modified Mortgage? You better have your documents all ready to send in!  You must send them all in at one time. If  you trickle your documents in, a little at a time, the big banks & mortgage companies will shred your mail.  This is blog 4 in a series. To find out … Continued

Foreclosure Clock Starts Ticking

Homeowner Starts Foreclosure Clock

Does HARP Request Starts Foreclosure Clock? Note: This blog is the 3rd in a series about what happens when the homeowner calls the bank’s customer service center requesting a modified mortgage after the homeowner has missed a payment. In my last blog I was so bold to say that when the homeowner calls the big … Continued

HARP.gov music - Don't be fooled

Have You Heard the HARP Music?

Follow @gratefulnuts   Have you heard the HARP Music? HARP music is the sound you hear when you hear on the other end of the phone when you call your lender and ask for a mortgage modification. The HARP – it is supposed to mean Homeowners’ Affordable Refinance Program, which is pushed by the federal government, … Continued