A listing of news items, events, books, and publications on the selected topic area.
Winter 2006: Housing Report Consumer Action News takes an in-depth look at some important housing topics, including predatory lending, Federal Housing Administration (FHA) loan reform and the controversial "exotic" mortgages as well as stories to help people consider whether they should buy a home or continue to rent, and… ( Tuesday, December 12, 2006 )
The Reverse Mortgage Advantage
Consumer Action advises consumers to go slowly when considering reverse mortgages, as there are some bad deals out there. But we recognize that reverse mortgages are helpful for many house-rich, cash-poor seniors. People who do not have heirs and therefore do not have to consider…
Saving your home from foreclosure (Chinese). 當你付不起房屋抵押貸款時﹐貸款公司就會以法律行動將你的房子查封拍賣。如果在面臨這種情況時你瞭解有關個人的選擇權而且採取適當的行動﹐也許能夠保住家園﹐或者至少減輕一些房子被查封拍賣所造成的財務損失。
Foreclosure is the legal process that your mortgage lender uses to take your home when you fall behind on your mortgage payments. If you are faced with foreclosure, you can work to save your home—or at least limit the financial damage caused by foreclosure—if you understand your options and take the appropriate steps.
Saving Your Home from Foreclosure. Foreclosure is the legal process that your mortgage lender uses to take your home when you fall behind on your mortgage payments. If you are faced with foreclosure, you can work to save your home—or at least limit the financial damage caused by foreclosure—if you understand your options and take the appropriate steps.
Don't Lose Your Home (2006) How to Avoid Home Equity Loan Fraud . A brochure that explains how a "home equity loan" allows you to borrow money against your home's equity. However, your home secures the loan; if you are unable to make the home equity loan payments, you can lose your house. This fact sheet explains the need for caution when agreeing to such loans.
No pierda su casa (2006) Cómo evitar el fraude en préstamos sobre el valor líquido de la vivienda . Un folleto que explica cómo un "préstamo sobre el valor líquido de la vivienda" le permite obtener dinero contra el valor líquido de su casa. Pero si no puede pagar los pagos del préstamo, puede perder su casa. Este folleto explica porqué es necesario tener cuidado con estos préstamos.
Questions and Answers About Home Equity Loan Fraud CBO leader's guide to accompany 'Don't Lose Your Home: How to Avoid Home Equity Loan Fraud' fact sheet. A manual for community and consumer advocates working to educate senior, low income and minority home owners about the dangers of home equity loan fraud. Topics covered include home improvements, hiring a contractor, warning signs of fraud and the possibility of losing your home through a home equity loan.