Avoid Foreclosures
Campaign to Contain the Rapid Growth of Repo Home Listings
The growing number of properties on repo home listings has spurred several programs designed to help distressed homeowners from going into foreclosures.
Backlogs, Delays Hamper Program to Reduce Bank REO Properties
Backlogs and delays are hampering the progress of the $75 billion program launched by the Obama Administration in March to reduce the number of bank REO properties in the country.
Relief Program to Avoid Repo Homes Listings Slow to Get Off
The loan modification program has been touted as one way to help distressed homeowners avoid repo homes listings. Launched by the Obama Administration last March, the program has yet to prove its mettle in helping homeowners protect their properties from foreclosure.
Real Estate Pair Saves Home from Foreclosed Homes Auction
A couple in New Rochelle made good money in the real estate sector during the boom times, but now they fear they would lose their house in a foreclosed homes auction if they cannot find a way to restructure their loan soon.
Avoid Foreclosure by Filing Chapter 13 Bankruptcy
If you want to avoid foreclosure, you can opt to file a Chapter 13 Bankruptcy. This lets you reorganize how you pay for your debts. This way, you can prioritize your home mortgage and keep your house. Chapter 13 bankruptcy would help you avoid foreclosure, and pay all your other debts as well. This works [...]
Avoid Foreclosure by Reducing House Maintenance Costs
When you are currently facing foreclosure, you have to make every effort to keep your money in the bank to be able to keep on paying for your home mortgage. A lot of times, avoiding foreclosure could come down to simply having an extra thousand dollars in your bank account. To be able to achieve this, it is best if you cut down on expenses. Prioritize your expenses and allocate the right amount to each of you and your family’s needs, so that you would be able to keep your home and avoid foreclosure.
Homeowners Find Way to Avoid Oregon Foreclosure Listings
The same month that President Barack Obama announced his foreclosure prevention plan, an estimated 3,600 distressed homeowners in Oregon received foreclosure listings notices last February.
Bank and Government Foreclosures Prevention Efforts
The U.S. government and six major mortgage lenders have launched the Project Lifeline, an outreach initiative designed to help distressed homeowners avoid bank and government foreclosures.
Another Stopgap for Flood of Foreclosure Homes
Representative Tim Bishop has issued a statement in support of the Helping Families Save Their Homes Act which was approved by the U.S. House of Representatives. The bill, which is aimed at abating the flood of foreclosure homes in the county, is now on the Senate for consideration.
Aid for Illinois Neighborhoods to Address Foreclosure Homes
The Illinois Department of Human Services (IDHS) and the U.S. Department of Housing and Urban Development (HUD) have signed the Neighborhood Stabilization Program (NSP) agreement aimed at helping distressed neighborhoods reduce the number of foreclosure homes.
