Foreclosure

The Home Affordable Modification Program (HAMP) is a government program that allows struggling homeowners to modify the terms of a mortgage to make payments more affordable, allowing them to continue to pay for the property rather than face foreclosure. The …

Reaching the point in life where you are finally able to buy your own home is an accomplishment. Not only is home ownership part of the American dream, but it can provide families with a sense of security and pride. …

While the economic downturn affected everyone, some homeowners had a particularly tough time as they saw their mortgages sold from one company to another and discovered promises made by one lender not being honored by the next. The result was …

Even successful celebrities face financial problems that lead to bankruptcy. Country singer Willie Nelson, for example, filed bankruptcy in 1990. According to therichest.org, Nelson put money in a tax shelter that was determined to be illegal. With a tax debt amounting to …