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HUD To Spend More On Counselling Grants

The Department of Housing and Urban Development recently announced that more that $52 million has been ear marked for different housing counseling projects aimed at helping more families to retain and preserve their homes. The total amount is a 23% increase of about 11 million from last year which was just $41 million.
From the $52 [...]

Reverse Mortgage Saves The Home of A 71 Year Old Tennessee Woman

In Alcoa, Tennessee a 71 year old woman was able to save her home from foreclosure and auction with a reverse mortgage loan. The original home mortgage loan was secured from Wells Fargo. The bank had to first write off $30,000 from her original mortgage balance.
According to her mortgage banker John Smaldone, mounted media and [...]

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