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You Renting a House That’s In Foreclosure? Now You Have Some Protection

The Protecting Tenants At Foreclosure Act of 2009 went into effect on May 20, 2009, offering some protection, and at least a little time, for those renters who find themselves drawn into foreclosure despite paying their rent.  In short, the act allows such tenants to stay in their rental homes for 90 days following foreclosure, [...]

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• Here's a good starting place for the Making Home Affordable programs, the so-called HAMP and HARP mortgage modifications or refinancing, respectivly.  Go to the Making Home Affordable web site, and look up your lender to see whether they've signed on to participate, or look up your loan to see if it's a Fannie Mae or Freddie Mac loan.  You can also view eligibility requirements and general information about the programs. #
• Here's a great resource--a list of contact numbers for mortgage companies and mortgage servicers.   When you are behind on mortgage payments or are looking to try and modify your mortgage, one of the most frustrating issues to deal with is trying to get to someone who can really help (as opposed to the person whose job is to call you and try to get you to make a payment).  This list was compiled by my friend and fellow blogger (and hopefully soon a guest blogger here) Russ DeMott.  Russ (or his paralegals) have a great deal more patience than I to put this together, but I'm really glad he (or they) did. #
• This is just too good not to share.  Creative, funny and not too technical, it's a good way to gain a better understanding of why we are where we are.  Hat tip to David Liebowitz for this one. Crisis of Credit Visualized #
• If you were in Columbia, SC yesterday afternoon and happened to tune in to 1230 AM, you'd have heard Sheryl being interviewed by host Frank Knapp of the "U Need to Know" show, which regularly features SC lawyers on topics of interest to listeners. Yesterday's topic: bankruptcy basics. You can also hear the show via streaming audio at the Select Talk Radio Network home page. #
• Congressional leaders have announced they have "a plan" for the bailout. They claim there is something in it to protect homeowners. Something's better than nothing, right? I don't know. But you can read more for yourself here at CNN. Details should be forthcoming later this afternoon. #