Archive for January, 2009
Banking Committee Chair Dodd Considers Bill to Help Homeowners Avoid Foreclosure
Friday, January 30th, 2009The Senate Banking Committee, chaired by Christopher Dodd, is preparing a financial regulatory reform legislation to be released by April 2009, the deadline requested by President Barack Obama.
Loan Modification Myths Dispelled for Homeowners Facing Foreclosure
Friday, January 30th, 2009A list explaining several issues concerning loan modification has been released by consumer advocate Ralph R. Roberts of Federal Loan Modification Law Center. The list tries to provide facts to correct common misconceptions about loan modification to better educate and inform homeowners to help them avoid foreclosures.
The Basics of Foreclosure and Short Sale
Friday, January 30th, 2009A homeowner who could not fulfill his responsibility of paying his monthly mortgage has two options: foreclosure and short sale.
Foreclosures Pull Home Prices Down
Thursday, January 29th, 2009Lenders would rather offer lower home prices than be flooded with lots of foreclosures. This is the chance of bargain hunters to purchase homes at a price they can afford.
Proposed Reforms to Help Homeowners Hit by Georgia Foreclosure
Thursday, January 29th, 2009The series of reforms contained in the Senate Bill 57, which was proposed by a group of legislators, aimed to curtail the flood of Georgia foreclosures and provide the local governments more power to address the problems caused by the increasing number of foreclosed homes.
Tips to Get That Short Sale Done
Wednesday, January 28th, 2009A homeowner who is already behind his/her mortgage payments has several options to prevent foreclosure; one of which is considering a short sale.
More Solutions to Reduce Foreclosures
Tuesday, January 27th, 2009With the economic slowdown, experts see more homeowners facing foreclosure this year. Unemployment, the rising cost of living and other troubles related to the ailing economy are causing more to struggle in paying their monthly bills and mortgages.
Ghost Inventory: Sign of Worse Foreclosure Flood
Monday, January 26th, 2009The fact that it takes banks longer time to put repossessed homes back in the market is a sign that there are even more foreclosed homes to sell than what current statistics show.
Maine Real Estate Brokers and Agents Face the Effects of the Foreclosure Crisis
Monday, January 26th, 2009Who says large-earning real estate agents do not feel the economic depression especially with the enduring foreclosure crisis?
Florida Foreclosures Could Increase by 100 Percent in 2009
Saturday, January 24th, 2009South Florida foreclosure rates are expected to increase between 50 percent and 100 percent in 2009 based upon the efforts of the federal government to help homeowners of distressed properties, according to Jack McCabe, a real estate analyst and chief executive officer of McCabe Research and Consulting.