Boston Non-Profits Give the Foreclosure Problematic Some Hope
Parents like Nadine Hill are now troubled by foreclosure. 80 other Bostonians attended a foreclosure prevention meeting at the Dorchester’s Great Hall.
Continue Reading: Boston Non-Profits Give the Foreclosure Problematic Some HopeGovernor Corzine Urges Foreclosure Solution
New Jersey Governor Jon Corzine has called on the U.S. federal government to use a large portion of the $700 billion Troubled Assets Relief Program (TARP) approved by Congress in October 2008 to rescue repossessed properties and prevent further foreclosures.
Continue Reading: Governor Corzine Urges Foreclosure SolutionUS Median Home Prices at its Lowest Since 2004 due to Foreclosures
Homes were sold in the US last September at their lowest levels in four years due to the increase in inventories of foreclosed properties. According to official numbers from the US Department of Commerce, the median price of single-family homes dropped to $218,400, which is 9 percent lower than last year’s price.
Continue Reading: US Median Home Prices at its Lowest Since 2004 due to ForeclosuresForeclosure Crisis Make Home Sellers Suffer
Foreclosure homes keep flooding the market, driving median home prices lower. Yes, lower prices are good if you are the buyer but for home sellers, low home prices mean cheaper sale and that really hurts them.
Continue Reading: Foreclosure Crisis Make Home Sellers SufferCrist’s 45-Day Moratorium May be Late for Some Florida Foreclosures
Florida is the third state in the U.S. with the highest rate of foreclosure. To help homeowners in the state who are facing the threat of foreclosure, mortgage lenders and Governor Charlie Crist have agreed to impose a 45-day moratorium on foreclosures during holidays.
Continue Reading: Crist’s 45-Day Moratorium May be Late for Some Florida ForeclosuresScam to Stop Foreclosures Exposed
Last May 2005, King 5 Investigators, using an undercover camera, watched as two men tried convincing Toni Nielsen that they could help stop foreclosure problems. The men claimed to be able to stop house foreclosure if the woman was willing to sell her house to them. The process would be complex, but worth it as the men promised that she would be able to rent her home for the meantime and buy her house back later on. It would be a welcome [...]
Continue Reading: Scam to Stop Foreclosures ExposedExisting Home Sales Decline in October
Given the current situation of the economy—deteriorating economy, rising unemployment, and collapsing stock-market, a lot of prospective home buyers get out of the market, causing the decline of the existing home sales and home prices in October.
Continue Reading: Existing Home Sales Decline in OctoberForeclosed Houses Open Doors for New Homeowners
The township of Redford is willing to spend $3.04 million of government money to purchase foreclosed houses, restore them and help low earning families buy them. The fund from the National Department of Housing and Urban Development is planned to be used within18 months.
Continue Reading: Foreclosed Houses Open Doors for New HomeownersUse TARP to Stop Foreclosures, Bair Says
At the House Financial Services Committee hearing on Tuesday, FDIC Chairman Sheila Bair argued for her agency’s proposal of stopping the flood of foreclosures using money from the Troubled Asset Relief Program.
Continue Reading: Use TARP to Stop Foreclosures, Bair SaysThe Real Deal with Foreclosures
Looking for a sweet deal in foreclosures? Real estate experts share these valuable tips to help the would-be buyer. Do an ocular inspection Some foreclosed homes may just need a bit of sprucing up like a good paint job or wall patches, while some may be in dire need of costly repair. To be assured [...]
Continue Reading: The Real Deal with ForeclosuresAbout Us
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