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Real Estate
The Real Estate Adviser |
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February 7, 2008
The Real Estate Editor: Military families may get mortgage help if they ask
By TOM KELLY
Special to the Journal
Special to the Journal
The sad stories continue about the number of homeowners going into default and foreclosure due to the increased monthly payments brought by adjustable rate mortgages and subprime loans that never should have been granted.
For military families with loved ones in the Middle East, including the 6,600 soldiers from approximately 15 Fort Lewis units, the stress and anxiety of making ends meet when one spouse is away is difficult enough without the extra burden of mortgage “payment shock.” However, there could be some relief for these households if they reach out and ask for it.
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Previous columns:
- The Real Estate Adviser: List the home fixtures that you want to keep, 01-31-2008
- The Real Estate Adviser: Real estate IRAs give you checkbook control, 01-24-2008
- The Real Estate Adviser: Tap home equity without payments, 01-17-2008
- Watch for pitfalls when financing second home, 01-10-2008
- Next-home planning? Just dream on, guys, 01-03-2008
- The Real Estate Adviser: Blame heaped on lenders, but others were complicit, 12-27-2007
- The Real Estate Adviser: Holidays are not a bad time to sell your house, 12-20-2007
- The Real Estate Adviser: How to parent proof a home for holidays, 12-13-2007