The Top 10 Foreclosure States as of the First Quarter

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Refiancing is ok, if rates come down and it's benificial to save money over the term of the loan then do it. Keep in mind you want to shorten the the length of the loan
The problem is too many people live for today and don't plan for tomorrow. Our goverment does it too. Watch Silver prices drop in the next couple of months then I will jump in again like I did the last three years. Silver has dropped July thru November, Then around December it start climbing again THis Feb it will be 20.00 an oz. Because of our goverment printing money like there's no tomorrow. Hypr inflation is next, along with high interest rates. Buy Gold and silver today!
But always live within your means

Laurence J. Ramos of NY 3:17PM July 12, 2009

I will never refi. my home if ever given a second chance;). I am thinking of "short sale" very soon. Did act quickly on loan modification with GMAC Mortgage. Have send in a hardship letter with all supporting documents. Has been 3 weeks and still waiting. Once GMAC does not approve, I will fight to "short sale" my home;). There's no one to blame here (altho I wish I never agreed when banks keep writing to take equity to do other things such as renovation on my home). PLEASE FIRST HOME BUYERS...NEVER REFINANCE or use your equity EVERRRRRRR. Talk to me. I will TELL you BANKS don't tell you. You will get stuck with everything in the end. MOre worse, your CREDITS WILL RUIN little by little. AT this point, going to do everything to fight foreclosure and bankruptcy. Never been there but sounds really bad from all research been done in the past months.
Good luck to everyone fighting foreclosure and bankruptcy. Anyone had any luck with GMAC Mortgage or have other help sources on the side????? HELP.

Dollarless of CA 9:28PM June 06, 2009

I believe if the government freeze the foreclosures in the nation for at least 4-6 months, that move will hold the real estate supply, not too many inventories,if the demand continues, value will sustain. I live in Sacramento, California and we are seing multiple offers in some areas because of less foreclosure in that area. If the demand will continue to rise while the supply of foreclosures are frozen, value of the property will rise as well.
I understand the lender need to tight their underwriting guidelines, without their cooperation, the real estae sector of our economy will remain stagnant.

AL of CA 5:19PM April 22, 2009

that is a lot im glad i live in minnestoa

nick of MN 9:57AM April 22, 2009

People...It is time to do something ! It is no longer the simple argument that people lived beyond their means and affordability.
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This is an American Crisis.. and doing nothing is not going to do anything but make it worse !
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Each layoff in one way or another leads to less money being spent, taxes not collected, more layoffs and the cycle continues...
The Senate has a bill "Helping Families Save Their Homes", that would be the beginning of the end of this financial and foreclosure crisis. It is not a monetary bailout !
The Banking Indistry lobbyists want you to think that it is a bailout and giving money and rewarding homeowners... The banks were bailed out, not the families trying to save their homes !
If you doubt what the bill is about ... read it yourself.
let your Senators know to support this bill. The finanacial crisis started in the housing sector and this problem needs to help put an end to this foreclosure crisis.. And it won't take a multi-billion bailout to do it! Simply Pass Senate Bill S.61 "Helpingf Familes Save Their Homes" !

Michael of CA 2:19AM April 18, 2009

With Senate Bill 61 pending and coming up for debate in next couple of weeks, you would think the lenders would hold off to see what happens. This would stabilize the housing market, people would be able to stay in their homes, modify their mortgages and move on. It would helpf the economy tremendously , why are they fighting it? It doesn't make sense.

janieree of NV 7:55PM April 16, 2009