FINANCIAL HEALTH

loan modifications massachusetts

Foreclosure Stats Show Homeowners Still Seeking Loan Modifications

Despite the economic recovery that is underway, many homeowners are still struggling to pay mortgages, trying to avoid foreclosure and obtain loan modifications, according to recent statistics from the HOPE Now. The figures are startling. Even though the Home Affordable Modification Program (HAMP) ends at the...

Debt Resolutions Worth Keeping

If you make one resolution a priority this year, freeing yourself from debt is one that promises to be life changing and can bring positive change to other aspects of your life. New research shows that those who resolve to change their financial habits at...

Four Reasons to Get Rid of that Vacant Property

Properties can be abandoned for a variety of reasons. Getting an abandoned property out of your name, though, can be especially difficult if the mortgage balance is higher than the property value. This type of an abandoned underwater property is more than just a nuisance,...

Identity Theft: What to do if You’re a Victim

People often find out too late if they are victims of identity theft. It will usually come to light after a loan has been denied or after credit cards get canceled. What can you do if you find out your identity has been stolen, and...

Housing Prices Up, but Not for Low-Income Areas

Although the housing crisis has ended for many middle-class homeowners, lower-income homeowners are still struggling with their mortgages, reports the New York Times in an editorial by the CEO of Boston Community Capital. Why? Because in low-income areas, most houses still have negative equity -- their...

Massachusetts Bank Making Millions from Overdraft Fees

Consumers in Massachusetts are paying millions of dollars in overdraft fees, reports the Boston Globe. In just the first three months of 2015, the four largest banks in Massachusetts collected a total of $517 million in overdraft fees. The largest bank in Massachusetts, Bank of America,...

Love and Money: Dealing with Debt as a Couple

Everyone deals with money and debt differently. There are planners and procrastinators, those who tackle it head-on and those who avoid dealing with it at all costs. When opposites come together in a romantic relationship it can trigger stress, anxiety, and dissension for the couple. [blockquote...

Reset Your Debt 2015 – Resolutions Worth Keeping

If you stick to one resolution this year, freeing yourself from debt is one that promises to be life changing and can boost positive transformation in other aspects of your life. New research shows that those who resolve to improve their financial habits at the start of...

How Your Smartphone Can Lower Your Debt

This is the season when debt can really start to creep up with school expenses, home repairs, and holidays. Creating and sticking to a budget may be challenging, but using your smartphone to help you manage and lower debt can keep your planned focused and...

The “Dark and Lucrative” World of Debt Collection

The New York Times Magazine has run an incisive expose on debt buyers and debt collectors. Focusing on two debt collectors who started purchasing defaulted credit cards and other accounts to collect on them, the article provides insights into many of the problems that lead...