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"President Obama's Relief Plan Protects Your Home Against Foreclosure"

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October 31, 2005

Couple finds first home padlocked

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REAL ESTATE MAILBAG

Q DEAR BOB: I own a townhouse condo that I bought in 1993 with a 6.5 percent interest rate on a 30-year FHA mortgage. My monthly FHA mortgage insurance fee is $47 and my purchase price was $130,000. Today, the condo is worth about $380,000. I have never seriously considered refinancing, although my

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REAL ESTATE: Homeowners overextended

The initial advice all credit counselors give to homeowners facing foreclosure is: “When you find yourself in a hole . . . stop digging.” Why so many foreclosures?

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Law for delinquent taxes sought

Wyandotte County began cracking down on a $27.7 million delinquent-tax problem two years ago. This year, some Kansas lawmakers are trying to help, but stiff opposition has emerged.

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Avoiding foreclosure gets a little trickier

* Repayment plan. You might be able to work out an agreement by which you would resume making your regular monthly payments and a portion of the past due payments until you are caught up.

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