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Money meant for homeowners may pay debt instead
The government bailout funds, $45.6 billion from the Trouble Asset Relief Program which was meant to go to troubled homeowners may actually go towards paying off the United States’ increasing debt....
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Let’s Go To The Mall & Get A Loan Modification!
On any given business day, You Walk Away probably receives close to a dozen “work out” option letters from clients as part of our DocCheck service. These letters describe the various options available...
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New Program, New Delays In Foreclosure
An important part of You Walk Away’s services is providing our members with information regarding how the foreclosure process must proceed in their particular state. As I have previously mentioned, the...
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Government Intervention Won’t Solve Housing Mess
Wells Fargo Securities foretell the Obama administration’s plan to aid homeowners refinancing underwater mortgages will not provide momentous relief on the nation’s housing market. Homeowner, almost...
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52% of unemployed workers have run out of Unemployment benefits
America’s unemployed have been out of work for so long, most are no longer receiving remuneration. Almost one-third ofAmerica’s 14 million unemployed have been out of work for at least a year. By the...
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The Legend of the Fannie Mae Fortuneteller
Well, not so much a legend as a New York Times article. And not so much a fortuneteller as a self-taught mortgage and foreclosure expert responsible for a Fannie Mae report documenting some the...
View ArticleFannie’s (Phantom?) Principal Reduction Pilot Programs
The recent settlement between 49 states and five major banks allows for a portion of the $26 billion to go towards writing down the principals of underwater homeowners in to help them avoid foreclosure...
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YWA’s Foreclosure Settlement Tutorial
The $26 billion foreclosure settlement was approved by a federal judge on Thursday. As part of the agreement the banks will reduce the principal on loans held by underwater homeowners, refinance some...
View ArticleYouWalkAway Customers Urgent! Federal Reserve Encourages Foreclosure Review –...
THIS REVIEW IS FREE AND YOU MAY BE ENTITLED TO COMPENSATION The FEDERAL RESERVE is encouraging everyone who had a primary residence foreclosed on between January 1, 2009 and December 31, 2010, to get a...
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Are There Really Mortgage Cops?
Are there really mortgage cops? Guilt and fear fall upon the millions of homeowners out there that have gone through foreclosure over the last four years… Asking themselves, “did I do something...
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