Merced County Receives $7 Million in Foreclosure Money
Finally, Merced County is set to receive $7 million in foreclosure aid from the U.S. Department of Housing and Urban Development (HUD) after having been left out in HUD's list of counties and cities to receive aid directly from HUD.
Continue Reading: Merced County Receives $7 Million in Foreclosure MoneyMoratorium on Foreclosures Lobbied by California Activists
The Greenlining Institute has started a movement in California seeking for a moratorium on foreclosures. This advocacy group has expanded their appeal base by meeting with federal officials and House representatives.
Continue Reading: Moratorium on Foreclosures Lobbied by California ActivistsA Grand Strand Banker Proposes a New Foreclosure Plan
Developing a system of saving homes from foreclosures and spending the $700 billion-worth bank bailout are often discussed in Wall Street and Capitol Hill.
Continue Reading: A Grand Strand Banker Proposes a New Foreclosure PlanFamily Faces Foreclosure Crisis
The Reynolds family used to live an extravagant life. Rodney, the head of the family, made $80,000 a month and his wife Lydia earned a monthly income of $150,000. No one would think that they would eventually fall victim to foreclosure. Their earnings were more than enough to support a rather luxurious lifestyle. Rodney had [...]
Continue Reading: Family Faces Foreclosure CrisisWhich Foreclosure Scheme Is Fair to All Parties?
Treasury Secretary Henry Paulson believed that saving the financial industry was more important than helping troubled homeowners avoid foreclosures so he spent the first $350 billion of the $700 billion bailout fund saving major financial institutions.
Continue Reading: Which Foreclosure Scheme Is Fair to All Parties?Sell Your Foreclosed Homes ASAP
There is a 2,952 square-foot house in FishHawk Ranch that is originally worth $517,000 in June 2006. But when the owner can’t afford to pay its mortgage anymore, they moved and frantically wanted to get rid of the home.
Continue Reading: Sell Your Foreclosed Homes ASAPDrop in Home Mortgage Rates Expected to Abate Foreclosures
Homeowners who are facing the threat of foreclosure may have an opportunity to refinance their properties following the dropped in interest rates for home mortgages.
Continue Reading: Drop in Home Mortgage Rates Expected to Abate ForeclosuresIndiana Homeowners Warned About Foreclosure Scams
Homeowners in Indiana, including those in other states, need to be wary about people claiming they can save foreclosed houses, particularly if they demand cash payment before starting their service. Experienced swindlers know that homeowners in danger of foreclosure are desperate and therefore open to all kinds of remedies that will save them from losing [...]
Continue Reading: Indiana Homeowners Warned About Foreclosure ScamsHow Foreclosures Can Ruin Friendships
Henry Paulson, the Treasury Secretary and Barney Frank, the House Financial Services Committee Chairman used to be best friends; but now — not so much anymore. The conflict between the two started when Frank criticized Paulson for using funds from the $700 billion Wall Street bailout in support of Citigroup before allocating the funds to [...]
Continue Reading: How Foreclosures Can Ruin FriendshipsHoliday Time-out for Florida Foreclosures
With foreclosures on the rise, it seems like a lot of homeowners will be facing a bleak holiday season this year. However, Gov. Charlie Crist is considering to give a Christmas gift for his constituents and put a holiday moratorium, albeit temporarily, to Florida foreclosures.
Continue Reading: Holiday Time-out for Florida ForeclosuresAbout Us
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