Foreclosure Process Archive
The Federal Housing Finance Agency (FHFA) recently invited investors interested in purchasing pools of Fannie Mae, Freddie Mac and FHA foreclosures in the nation's hardest-hit metropolitan areas with the requirement they rent them for a period of years to pre-qualify.
Eliminating or curtailing the mortgage interest deduction would have a disproportionate impact on younger, middle-class families, who would see their ability to become home owners significantly diminished, with sober implications for their longer term financial prospects, the National Association of Home Builders
(MCT)—The following editorial appeared in the San Jose Mercury News on Wednesday, Oct. 12:
The easiest and most effective economic stimulus the Obama administration could accomplish doesn’t require an act of Congress. Executive action could change the rules to allow responsible homeowners with underwater loans to refinance at today’s rock-bottom interest rates, stemming the tide of foreclosures that is crippling recovery across the country and hitting California harder than any other state except Nevada.
Greg Rand (@gsrand
), CEO of OwnAmerica
, the host of Rand on Real Estate on 770 WABC, asks the question "Why didn't the Great Recession happen 10years ago today?" The circumstances were ripe for a major recession. We were already in a minor recession; endured the evaporation ...
The average home entering the foreclosure process today won’t house new owners until the next president has been inaugurated and in office for three months.
New data from LPS shows that payments have not been made on the average loan in foreclosure in a record 599 days, or 20 months. Of the nearly 1.9 million loans that are 90 or more days delinquent but not yet in foreclosure, 42 percent have not made a payment in more than a year with an average delinquency of 397 days—also a new record.
RISMEDIA, July 25, 2011— RE/MAX recently named Denver-based EquityLock Solutions as an Approved Supplier of Home Price Protection, which helps minimize the risk of real estate price fluctuations within local markets. Through this program, RE/MAX
RISMEDIA, April 25, 2011—With home prices dropping, minimal interest rates and the cost of rental properties on the rise, now may be the time for renters to seriously consider buying a house, according to HouseSavvy, a premier real estate and relocation organization headquartered in Massachusetts.
RISMEDIA, April 21, 2011—(MCT)—The Federal Reserve recently proposed requiring banks to ensure borrowers can repay their mortgages before they give them a loan. ...
RISMEDIA, April 20, 2011—Enduring the devastating housing crisis is a challenge that is only exacerbated by Congress’s decision to eliminate all funding for the U.S. Department of Housing and Urban Development’s (HUD) Housing Counseling Assistance Program. Representatives from NCLR (National Council of La Raza), the NAACP, the National Coalition for ...
RISMEDIA, April 19, 2011—(MCT)—Craig and Amy Smith always felt quite confident, even cocky in their abilities to tastefully design the spacious interior of their steel-and-concrete loft in downtown Denver. That was until they decided to sell it and a consultant hired to help them "stage" their home told them to neutralize a dramatic accent wall, put away family photos and place most of their furniture and artwork in storage.
RISMEDIA, April 18, 2011—As the interest in home renovations continues to grow, homeowners are constantly looking for ways to get the job done without depleting their bank account. With numerous steps and details involved in the
RISMEDIA, April 16, 2011—(MCT)—Federal banking regulators have reached agreements with the nation's biggest mortgage lenders to address longstanding complaints that the foreclosure process is unfair to delinquent borrowers trying to stay in their homes.
The settlements with the nation's largest banks are aimed at correcting what consumers and consumer groups say are fundamental flaws in the repossession process.
RISMEDIA, April 15, 2011—A new bill to improve the process for approving short sales may soon bring relief to distressed homeowners who are unable to keep their homes and hope to avoid foreclosure. The bill, recently introduced in the U.S. House and strongly supported by the National
RISMEDIA, April 14, 2011—Numbers don’t lie, and if you look at the most recent monthly housing statistics for the Twin Cities metro, as released in the Monthly Indicators report for February 2011 distributed by the Minneapolis Area Association of REALTORS®, you’ll see
RISMEDIA, April 4, 2011—(MCT)— What started as a hobby for Keith Gamble is now a risky, exciting, full-time job: buying properties at the monthly foreclosure sale and flipping them. Gamble, and others like him, are a new generation of property flippers who buy at low prices at a