Foreclosure Help
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.
Learn How to Buy Houses in Foreclosure
How to buy houses in foreclosure is one of the first challenges you face when you are thinking of investing in low-priced homes or buying an affordable house for your own use.
Debate Over Expanded Tax Credit for Buying Foreclosed Houses
The deadline for first-time buyers to use the $8,000 federal tax credit in buying foreclosed houses is fast approaching. Already, supporters are clamoring for the program to be extended, saying that it could help control home price declines.
City’s Homes Foreclosed for Sale Prevention Program Awarded
The city of Chula Vista in California has received the 2009 Helen Putnam Award for its program designed to prevent homes foreclosed for sale from becoming blights to neighborhoods. Since the city launched the program in 2007, over 400 cities across the country want to follow the same program pioneered by Chula Vista. And so far, over 300 cities have already implemented the program.
