Foreclosure Help
Recent California Foreclosure Report Gets a Second Look
Specifically, the report took a look at roughly 400 foreclosures in San Francisco County from January 2009 to November 2011 and examined them for errors, irregularities, and other signs of fraud or flaws in the process. Approximately 84% of home foreclosures reviewed contained what the report called ?clear violations of law?, and nearly 66% contained at least four violations or questionable
Federal Approach to Foreclosure-Into-Rental Plan Has Copycat in New Jersey
Sometimes good ideas are copied by others – which is not necessarily a bad idea. In this case, the federal government’s plan to convert thousands of government foreclosures into rental properties through a partnership with private equity investors is being copied (in a manner of speaking) by New
Dont Expect the Foreclosure Settlement to Fix the Foreclosure Process
The apparent lack of meaningful enforcement mechanisms in the deal is one glaring omission that many are beginning to notice now that the public has had a week to digest the terms of the settlement. One of the main reasons why the settlement occurred in the first place was because the states threatened to launch a tidal wave of probes, investigations, and – ultimately – indictments against five major lenders due to widespread [...]
Federal Foreclosure-into-Rental Program Picks Up Steam
The proposal – which would sell foreclosure homes, often in bulk, to private investors from government inventory – is set to go live in the “near term”, according to the Federal Housing Finance Agency. According to reports, the two government-sponsored enterprises will allow pre-qualification for investors and third parties who want to bid on foreclosure properties owned by the government. This effectively opens the doors [...]
Green Real Estate Shoots: What is Actually Working in the Foreclosure Market
The foreclosure crisis continues on from its dark beginnings in 2007, yet as we near the end of the fourth year of the real estate market meltdown, there are plenty of positive signs – green shoots poking up from burnt soil – for investors, homeowners, and lenders alike heading into
U.S. Reveals Plan for Addressing Foreclosure Homes Problems
The huge amount of foreclosure homes has depressed the value of residential properties all over the U.S. and contributed to a banking crisis that some economists stated as one of the worst that the country has ever seen. In an effort to address the housing industry problem, U.S. President Barack Obama's administration recently issued a plan that will overhaul the housing sector.
More Incentive Pushed To Save Homes From Foreclosure
The federal government would like nothing better than to save homes from foreclosure and provide troubled homeowners a way out via a loan modification. This foreclosure alternative has always been considered to be the best option for homeowners suffering from temporary financial problems. Unfortunately, most lenders and mortgage servicers would not approve such requests for fear that it would only prolong the inevitable.
Counselors for Owners of Foreclosed Property Listings Seek Funds
The HomeOwnership Center of Greater Dayton is a federal government-supported agency which specializes in providing counseling to homeowners at risk of losing their homes to foreclosed property listings. The Dayton Ohio-based center is currently waiting for further news on whether it will receive further funding from the government this year.
Grant to Buy Homes on Foreclosure Listings Service for Rehab
Wells Fargo has awarded about $75,000 grant to the non-profit organization, Tarrant County Housing Partnership to buy homes on foreclosure listings service and rehabilitate them.
First-Time Buyers Receive Help to Find Foreclosure Listings
First-time buyers in Charleston, West Virginia will receive federal funding to help them find foreclosure listings and buy houses. The $143,401 funding is made possible by the U.S. Department of Housing and Urban Development (HUD) housing counseling grants.
