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The Biz Beat

Foreclosure and other housing questions to be answered

6:06 am September 2, 2009, by Henry Unger

Foreclosures keep pounding homeowners across the metro area.

If you have a question about foreclosure, refinancing, purchasing a home or applying for a reverse mortgage, please write it below.

Experts from Consumer Credit Counseling Service of Greater Atlanta will begin to answer some of your questions after Labor Day. The answers will run in this blog each day for several days. (A recent Q&A on your credit questions appeared to be well-received, so we decided to do this one on housing.)

For instant updates, follow me on Twitter.

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3 comments Add your comment

Melvin

September 2nd, 2009
10:07 pm

Why wont the government allow home owners to combine 80-20 loans that are considered FHA jumbo loans?

carlosbrewer

September 5th, 2009
6:49 am

I own a condo and have an outstanding balance of $140k, consisting of $104k primary and $36k secondary. I took the home equity to consolidate debts. At the time the property was valued at $163k but now it is valued at $134k. I’m looking to sell because i am engaged and will be moving into my fiancee’s home. http://www.obamamortgagerelief.org/.If I have a buyer who offers me within say $5-7k of the outstanding, can i agree to assume a loan on the residual and pay the bank the difference over time with interest? The same bank holds both mortgages.

Laura

September 8th, 2009
3:54 pm

Hi Henry- I see that you are an expert in your field and was wondering –do you think this information is accurate? This is supposed to be helpful for helping someone understand what to expect if they do go into foreclosure.
http://hubpages.com/hub/free-foreclosure-help

Thanks for a great site!!