Foreclosure Homes
Foreclosure Properties for Sale in Michigan Made Up 37%
Foreclosure properties for sale accounted for 37 percent of total home sales in Michigan in the first three months this year, based on a foreclosure sale report released this week by a major real estate organization.
Lawmaker Helps Contain Foreclosures Homes in Brooklyn
Brooklyn was clobbered by foreclosures in 2008, with more than 5,000 of its housing units becoming foreclosure homes and about the same number of families evicted from their abodes.
Foster Children Benefit from Forclosures Homes
Foster children in Watsonville benefited from the wave of forclosures homes when the nonprofit Court Appointed Special Advocates (CASA), which has been helping them, was able to afford the price of one of the forclosures homes in the area.
Jumbo-Priced Foreclosed Homes Soared 127 Percent
Distressed lower-income homeowners have the Obama administrationβs Making Affordable Home Program to help them save their houses from becoming foreclosed homes. For distressed owners of high-end homes, they have to solve their foreclosure problem by themselves.
According to California-based RealtyTrac, the number of high-end houses nationwide valued at over $729,750 and hit with foreclosure filings [...]
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.
Fannie Mae, Freddie Mac Help Fund Program for Foreclosure Homes
Fannie Mae and Freddie Mac, the two largest mortgage finance companies rescued by the federal government in September 2008, are going to fund a portion of President Obama’s program to reduce the number of foreclosure homes across the country.
President Obama’s foreclosure plan, which was set at $75 billion, will be funded with $20 billion from [...]
Children’s Aid Society Helps Mother and Daughter with Foreclosure
Celestee Young Tate, 43, mother of a nine-year old girl named Shanelle does not have any idea about foreclosures until it changed her life. The mother and daughter have been practically living alone since Celestee and her husband, Shanelle’s father, separated. The Tates shared an apartment with another family until Celestee was granted a salary increase from her temporary work.
Seattle Foreclosures Still Below Other Cities’ Figures
Foreclosures in the Seattle area increased in October this year but were still below foreclosure figures in other cities, according to RealtyTrac, a leading foreclosure property marketer.
Foreclosure Home Buying: Should I buy now?
The latest figures show that market is falling and if that big question, “Should I buy a foreclosure home now?” will be thrown out, the answer would be a big bold N-O.
Modified Mortgage Program Prevented 250,000 Foreclosed Homes
New York based JPMorgan Chase & Co, made announcements that it prevented at least 250,000 foreclosures since it joined other banks last 2007 in modifying or refinancing mortgages from clients who are delinquent in payments and those who may not be able to pay higher interest rates. This is a bid to thwart an increase in foreclosed homes and prime mortgage losses that bank executives from JPMorgan predict could reach $300 million by the start of 2009.
