Foreclosure Process Archive
RISMEDIA, September 18, 2010—After a hot summer, it's a relief to step outside to find that autumn breezes have finally arrived. As a second homeowner, you can hardly wait to bask in those calm winds at your beach cottage or take in the views of changing leaves around your woodsy cabin. You're ready for fall, all right, and you're not the only one. It seems the whole recession-weary world is longing for a getaway—and you're in the enviable position of being able to make money off their vacation fever.
RISMEDIA, September 17, 2010—Realogy Corporation, one of the largest providers of real estate and relocation services in the United States, announced that it is urging Congress to take immediate action on a number of pressing issues with serious ramifications
RISMEDIA, September 16, 2010—RealtyTrac, a leading online marketplace for foreclosure properties released its U.S. Foreclosure Market Report for August 2010, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions—
RISMEDIA, September 15, 2010—In the five years since Hurricane Katrina struck the Gulf coast, the New Orleans metropolitan area lost 75,000 housing units or nearly 13% of its housing stock. In addition, the median monthly cost of housing rose by nearly 33%,
RISMEDIA, September 14, 2010—When corporate product retailers develop a product and allow another company’s service added to the initial marketing product, it is called an umbrella or piggy back market branding. The strength of the initial product
RISMEDIA, September 13, 2010—U.S. Housing and Urban Development Secretary Shaun Donovan awarded an additional $1 billion in funding to all states along with a number of counties and local communities struggling to reverse the effects of the foreclosure crisis. The grants announced today
RISMEDIA, September 9, 2010—The U.S. Department of Housing and Urban Development announced that it is making approximately $110 million in grants available to help eliminate dangerous lead-based paint from lower income homes and to protect young children from lead poisoning. The grants to states and local governments are being offered through HUD’s Lead-Based Paint Hazard Control and Lead Hazard Reduction Demonstration Programs.
RISMEDIA, September 8, 2010—The Federal Housing Finance Agency (FHFA) has sent a final rule to the Federal Register establishing new housing goals for Fannie Mae and Freddie Mac (the Enterprises) for 2010-2011. The Housing and Economic Recovery Act of 2008 (HERA) required FHFA to establish housing goals for the Enterprises for targeted segments of the mortgage market.
RISMEDIA, September 7, 2010—The Federal Housing Administration (FHA) announced that it intends to make modifications to its Home Equity Conversion Mortgage (HECM) product, a reverse mortgage loan insured by the federal government, to make it more attractive and cost effective for older homeowners seeking to tap their home equity to cover living expenses and health care costs, according to the National Reverse Mortgage Lenders Association.
RISMEDIA, September 3, 2010—U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced an unprecedented agreement with the nation’s top mortgage lenders to offer selected state and local governments, and nonprofit
RISMEDIA, September 2, 2010—“The Federal Housing Administration (FHA) is giving homeowners and buyers until October 4, 2010 to lock in a low monthly insurance premium,” said Gibran Nicholas, chairman of the CMPS Institute, an organization that trains and
RISMEDIA, September 1, 2010—With a number of real estate markets still reeling in the midst of the nation's economic crisis, bargains persist for savvy investors looking to add to their portfolios of rental properties. Prices have even gone low enough in some markets for so-called flippers to purchase, rehabilitate and resell properties in the short term.
RISMEDIA, August 30, 2010—(MCT)—Hoping there are big profits to be made in the aftermath of the housing collapse, professional investors are flocking to the business of buying foreclosed homes at distressed prices. The investors, primarily private equity funds
RISMEDIA, August 27, 2010—(MCT)—Everywhere you look, July was not ideal for real estate—that's one thing on which the economists and the statistics agree. Sales figures released recently for the first month in 19, not invigorated by government tax credits, offered a poor prognosis for the housing sector.
Nationally, sales of previously owned homes plunged 25.5% from July 2009—numbers the National Association of Realtors said had not been so low since 1999. Single-family home sales were at their lowest since May 1995, during the last housing bust.
RISMEDIA, August 26, 2010—Home sales statistics are likely to paint a picture of a weakening market through the end of 2010 and the first half of 2011. While it’s tempting to attribute the bleak numbers to a deteriorating housing market, an economist