Agree on reducing the amount of rent instead of a tenant deferring payment of the current amount to a later date. If rent is deferred, tenants may end up with a debt they cannot repay at the end of the agreement. Salary Reduction Agreement means an agreement between the Participant and the Employer pursuant to … [Read more…]

Why are recourse loans not eligible for the Standard Modification? Fannie Mae and Freddie Mac will begin taking applications Oct. 1, but youll first need to check if your mortgage is owned or guaranteed by one of the agencies. Ask your lender, or use the online loan look-up tools (click here for Fannie and here … [Read more…]